Rental numbers for the Erie, PA metro
The typical home here runs -$804 a month at 7.78% with 25% down. 2 of 7 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 8.7%.
- Gross yield
- 6.0%
- typical home, Zillow
- Median ZIP yield
- 8.7%
- 7 ZIPs with full data
- Cash flow
- -$804/mo
- at 7.78%, 25% down
- Typical price
- $226,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,136/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
26 with published figures
| 16503Erie | $69,000 | $866 | 15.0% | 7.8% | +$78 | n/a |
| 16507Erie | $104,000 | $1,162 | 13.4% | 7.3% | +$71 | +4.7% |
| 16504Erie | $158,000 | $1,341 | 10.2% | 4.8% | -$226 | n/a |
| 16502Erie | $132,000 | $956 | 8.7% | 3.3% | -$351 | -2.4% |
| 16510Erie | $212,000 | $1,448 | 8.2% | 3.7% | -$486 | n/a |
| 16407Corry | $161,000 | $1,090* | 8.1% | 3.8% | -$363 | n/a |
| 16411East Springfield | $203,000 | $1,370* | 8.1% | 4.1% | -$400 | n/a |
| 16430North Springfield | $203,000 | $1,360* | 8.1% | 4.8% | -$287 | n/a |
| 16511Erie | $210,000 | $1,340* | 7.6% | 3.3% | -$559 | n/a |
| 16508Erie | $173,000 | $1,086 | 7.5% | 2.5% | -$569 | n/a |
| 16438Union City | $167,000 | $1,050* | 7.5% | 3.4% | -$431 | n/a |
| 16442Wattsburg | $274,000 | $1,540* | 6.8% | 2.5% | -$896 | n/a |
| 16423Lake City | $214,000 | $1,120* | 6.3% | 2.2% | -$754 | n/a |
| 16506Erie | $296,000 | $1,540* | 6.2% | 2.4% | -$1,010 | n/a |
| 16509Erie | $275,000 | $1,410* | 6.2% | 2.4% | -$933 | n/a |
| 16443West Springfield | $227,000 | $1,120* | 5.9% | 2.4% | -$771 | n/a |
| 16401Albion | $208,000 | $1,010* | 5.8% | 2.2% | -$745 | n/a |
| 16410Cranesville | $246,000 | $1,170* | 5.7% | 2.5% | -$819 | n/a |
| 16505Erie | $260,000 | $1,188 | 5.5% | 1.3% | -$1,116 | n/a |
| 16421Harborcreek | $261,000 | $1,140* | 5.3% | 1.6% | -$1,055 | n/a |
| 16417Girard | $233,000 | $1,010* | 5.2% | 1.7% | -$919 | n/a |
| 16441Waterford | $314,000 | $1,350* | 5.2% | 1.7% | -$1,237 | n/a |
| 16415Fairview | $382,000 | $1,610* | 5.1% | 1.7% | -$1,528 | n/a |
| 16426Mc Kean | $309,000 | $1,250* | 4.9% | 1.5% | -$1,279 | n/a |
| 16412Edinboro | $300,000 | $1,210* | 4.8% | 1.6% | -$1,218 | n/a |
| 16428North East | $268,000 | $1,060* | 4.8% | 1.2% | -$1,169 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +5.4%
- Rent, 12 months
- +1.4%
- Rent minus price growth
- -4.0 pts
- Property tax
- 1.43%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $163,238 | $838 |
| Aug 2022 | $178,625 | $929 |
| Aug 2023 | $188,523 | $1,000 |
| Aug 2024 | $202,057 | $1,056 |
| Aug 2025 | $214,560 | $1,120 |
| Aug 2026 | $226,103 | $1,136 |
Counties
- Erie County, PA8.7% median yield
Tools
Questions
- Is the Erie, PA metro good for rental property?
- The typical home here runs -$804 a month at 7.78% with 25% down. 2 of 7 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 8.7%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Erie, PA metro have the highest rental yield?
- 16503 (Erie) at 15.0%, 16507 (Erie) at 13.4%, 16504 (Erie) at 10.2%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.