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Erie County, PA

RANK #76 / 996  ·  POP 270,495  ·  PA

PROJECTED GROWTH: +3.1%

Erie County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Erie County?

Erie County, Pennsylvania, is defined by its position on Lake Erie, offering a distinct waterfront lifestyle and serving as the state's only county bordering both New York and Ohio, as well as Canada across the lake. The county seat, the city of Erie, was a crucial shipbuilding center during the War of 1812, a legacy preserved by the U.S. Brig Niagara at the Erie Maritime Museum. Beyond the city, towns like Waterford offer historical significance and scenic beauty. Commuting within the county is primarily by car, with an average travel time of under 20 minutes, though public transit, biking, and walking options are available in urban areas. Presque Isle State Park, a peninsula curving into Lake Erie, provides year-round outdoor recreation, including hiking, biking, swimming, and fishing.

Life in Erie County blends urban amenities with access to natural landscapes. The community is home to several universities, including Gannon University and Penn State Behrend. Public schools in the county are generally above average, with districts like Fairview and General McLane receiving high ratings. Recent economic developments include significant state investments in infrastructure, such as the Bayfront Parkway Improvement Project, and funding for the Market House, a marketplace for local businesses. Efforts are also underway to develop the McKean Business Park to attract new employers. The presence of institutions like Erie Insurance, a Fortune 500 company, also contributes to the local economy.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+1.8%

Below national median

Home Prices
+5.0%

Outpacing national median

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Erie County U.S. National

The Numbers

DEMOGRAPHICS
Population
270,495
-0.52% YoY
Median Household Income
$59,396
Median Home Value
$160,200
+5.01% 12mo
Median Rent
$851
Average Annual Pay
$53,524
+4.2% YoY
Employment
119,552
+1.0% YoY
Income-to-Home-Value
0.3708
More affordable than average
Migration Inflow
1.72%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$192,000
Days on Market
29
Active market
Months of Supply
1.9
Seller's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
23.0%
Listings w/ Price Drops
20.8%
Building Permits (2024)
339
Single-Family Permits
149

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +1.8% 31 percentile
Population Growth -0.5% 10 percentile
Income Growth +6.2% 9 percentile
Vacancy Rate 1.5% 22 percentile
Home Price Change +5.0% 90 percentile
Rent Growth +3.8% 64 percentile
Price/Rent 13x 57 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Erie County, PA a good place to move to?

Erie County has a Boom Town Index score of 92/100, ranking #76 among 996 U.S. counties. With job growth at +1.0% and a median household income of $59,396, it's an above-average county on economic indicators.

Is Erie County affordable?

The median home value in Erie County is $160,200 with median rent at $851/month. The income-to-home-value ratio is 0.3708, which is more affordable than the national average.

Is Erie County growing or shrinking?

Population growth: -0.5% year-over-year. Job growth: +1.0%. Home values changed +5.0% in the past 12 months.

[08] Similar Metros

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