Erie, PA 16507 Multi-family Properties For Sale
The median home value in Erie, PA 16507 is $67,700. This is lower than the county median home value of $171,200. The national median home value is $338,100. The average price of homes sold in Erie, PA 16507 is $67,700. Approximately 26.88% of Erie, PA 16507 homes are owned, compared to 58.51% rented, while 14.62% are vacant. Erie, PA 16507 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Erie, PA 16507 real estate agent to arrange a tour today!
Learn More About Erie, PA 16507 Real EstateStatistics & facts
9,558
Population
$67,700
Medium Home Value
3,609
# of Households
14.62%
Housing Vacancy
29.79%
Future Job Growth
3.50%
Unemployment Rate
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Population
Erie, PA 16507 has a population of approximately 9,558 and experiences a population change rate of -6.51%. The population density is 4,449.7 / sq mi.
Household
The median household income for Erie, PA 16507 is $33,401, with 3,609 households and an average household size of 2.2.
Cost of Living
The cost of living index in Erie, PA 16507 is 76.2%.
Home Value
The median value of a home in Erie, PA 16507 is $67,700 with an appreciation rate of 15.2%. 26.9% of housing in the zip code is owned while 58.5% is rented.
Employment
The unemployment rate in Erie, PA 16507 is 3.50%, and recent job growth is at 0.08%. Future job growth is projected at 29.79%.
Taxes
The sales tax rate in Erie, PA 16507 is 6.00%, while the income tax rate is 3.07%.
Education
School expenditures in Erie, PA 16507 are $17,637, and the school ratio is 13.2:1.
Weather
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 44 inches per year, with 100.4 inches of snow per year.
Education near Erie PA, 16507
| Metric | City | County |
|---|---|---|
| High School Graduates | 86.92 | 91.66 |
| College Degree - 2 year | 8.83 | 10.06 |
| College Degree - 4 year | 22.19 | 28.81 |
| Graduate Degree | 5.3 | 7.88 |
| Expenditures per Student | $17,637 | $17,637 |
| Students per Teacher | 13.20 | 13.20 |
Elementary Schools near Erie PA , 16507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Emerson-Gridley Elementary School | PK - 06 | 620 | 18 | 16502 |
| Erie Rise Leadership Academy Charter School | KG - 08 | 308 | 16.2 | 16502 |
| Grover Cleveland El School | KG - 05 | 606 | 15.2 | 16508 |
| McKinley Elementary School | PK - 05 | 581 | 15.6 | 16503 |
| Perry Elementary School | PK - 05 | 502 | 15 | 16508 |
| Pfeiffer-Burleigh School | KG - 08 | 781 | 15.6 | 16503 |
| Wayne School | PK - 08 | 629 | 14.6 | 16503 |
Middle Schools near Erie PA , 16507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Roosevelt Middle School | 06 - 08 | 633 | 12.4 | 16508 |
High Schools near Erie PA , 16507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Central Career & Technical School | 09 - 12 | 975 | 12.6 | 16508 |
| East HS | 09 - 12 | 991 | 16.7 | 16503 |
| Northwest PA Collegiate Academy | 09 - 12 | 789 | 17 | 16508 |
| Strong Vincent High School | 09 - 12 | 685 | 14.1 | 16502 |
Ungraded Schools near Erie PA , 16507
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Perseus House CS of Excellence | 06 - 12 | 593 | 17.2 | 16501 |
| Robert Benjamin Wiley Community CS | PK - 12 | 395 | 14.6 | 16507 |
