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Erie County, PA

RANK #474 / 996 NAT  ·  #21 / 44 PA  ·  POP 270,495

1YR FORECAST: +2.9%

5YR OUTLOOK: +24%

Erie County's housing market is projected to grow +2.9% over the next year, tracking near the national average.

[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] 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

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
Bachelor's Degree+
29.6%
of residents (national avg: 33%)

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 →

[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

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.

[08] Frequently Asked Questions

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

Erie County scores 52/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#474). Median household income is $59,396 and job growth is running at +1.0%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Erie County affordable?

By national standards, Erie County is quite affordable. Homes here have a median value of $160,200, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $851/month. Residents can generally buy a home without being cost-burdened.

Is Erie County growing or shrinking?

Erie County is losing population (-0.5% YoY) while the job market is essentially flat (+1.0% employment change). Home values are +5.0% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

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 +5.0% year-over-year, which is a solid pace of appreciation. The median home in Erie County is now valued at $160,200. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Pike County, PA 53 Franklin County, PA 54 Westmoreland County, PA 50 Adams County, PA 47 Fayette County, PA 58 Lycoming County, PA 46 Anchorage Municipality, AK 52 Sarpy County, NE 52