Erie (16508) has an estimated 16,050 residents with 15,839 of those people in approximately 6,852 housing units. The 16508 zipcode contains 3,237 housing units that are owned with a mortgage or a loan, 1,556 housing units that are owned free and clear and 2,059 housing units that are renter occupied.

In Erie (16508) the median listing price of $85,000 has dropped by $4,500 since 2018-10.

In 2018 the average percentage drop was 5.35% of original listing price.

Zip code 16508 is in the Erie metropolitan area.
The median estimated home value in Erie, PA (16508) is $84,200 as of 2018-10-31

In Erie, PA (16508), values have dropped by -0.01 from when they peaked at $85,300 in 2018-Q3

The Zillow Market Health Index for Erie, PA (16508) is 0.43. The corresponding state value is 1.37. This is significantly lower than the overall Market Health Index of Pennsylvania.
Metro value is 1.26.
This is significantly lower than the overall Market Health Index of Erie.