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Erie County, PA

RANK #338 / 1001 NAT  ·  #18 / 44 PA  ·  POP 269,052

1YR FORECAST: +2.7%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Erie County at +2.7% over the next year.

[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.

MARKET PROFILE

Heartland Steady Growth

Erie County is one of 145 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +5.6% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

Home Prices
+5.6%

Outpacing national median

Climate & Terrain
-0.6

Below-average climate & terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Erie Indemnity Co. Finance
    2,500+
  2. 2
    UPMC Hamot Healthcare
  3. 3
    Wabtec US Rail Inc. Manufacturing
  4. 4
    State Government Government
    1,000+
  5. 5
    Walmart Associates Inc. Retail
  6. 6
    Saint Vincent Health Center Healthcare
  7. 7
    Federal Government Government
  8. 8
    School District of the City of Erie Education
  9. 9
    Erie County Government
  10. 10
    Regional Health Services Inc. Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Erie County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
269,052
-0.18% YoY
Median Household Income
$63,354
Median Home Value
$177,000
+5.61% 12mo
Median Rent
$904
Average Annual Pay
$56,036
+4.7% YoY
Employment
119,847
+0.2% YoY
Income-to-Home-Value
0.3579
More affordable than average
Migration Inflow
1.72%
of pop. from another state
Bachelor's Degree+
30.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$230,000
Days on Market
15
Very hot — homes selling fast
Months of Supply
1.2
Seller's market
Sale-to-List Ratio
99.9%
Near asking price
Sold Above List
42.6%
Listings w/ Price Drops
37.0%
Building Permits (2025)
243
Single-Family Permits
183

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

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.4
per 100K · nat avg 6.3
Firearm Fatalities
12.5
per 100K · nat avg 14.8
Injury Deaths
89.1
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
39.3
Good
Good Air Days
74%
781 of 1,059 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
38
2022
38
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

Population Growth -0.2% 14 percentile
Income Growth +3.0% 58 percentile
Vacancy Rate 1.5% 20 percentile
Home Price Change +5.6% 90 percentile
Rent Growth +3.4% 59 percentile
Price/Rent 13x 73 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 66/100, Erie County sits in the upper half of all 1001 ranked counties. and median household income stands at $63,354 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in PA.

Is Erie County affordable?

By national standards, Erie County is quite affordable. Homes here have a median value of $177,000, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $904/month. Residents can generally buy a home without being cost-burdened.

Is Erie County growing or shrinking?

Population and employment in Erie County are both close to flat — population -0.2% YoY and jobs +0.2%. Home values shifted +5.6% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to Erie County?

Not particularly — 1.72% of Erie County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

How is the housing market in Erie County?

Home values climbed +5.6% year-over-year, which is a solid pace of appreciation. The median home in Erie County is now valued at $177,000. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Columbia County, PA 64 Lebanon County, PA 62 Indiana County, PA 61 Venango County, PA 58 Pike County, PA 75 Bradford County, PA 57 Kanawha County, WV 66 Madison County, IL 65