Erie, PA · Pennsylvania
Erie County
ZIP 16475
269,544 residents258 permits TTM$61,476 median HHI33 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$169,500
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.1%
HUD FMR ÷ ACS HHI
Net migration
+0.55%
IRS SOI
Permits (TTM)
258
Census BPS
Climate risk
84.1
FEMA NRI (0–100)
ZIP 16475
Median home value
—
Gross yield
—
Cap rate
6.2%
Rent gap
—
Affordability
P/I: 2.8R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown33 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 16503 | — | — | — | 15.5% | — |
| 16407 | — | — | — | 7.4% | — |
| 16501 | — | — | — | 8.6% | — |
| 16504 | — | — | — | 7.2% | — |
| 16508 | — | — | — | 7.0% | — |
Ranked by composite score
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Demographics
Owner-occupied
68.3%
Census ACS
Vacancy rate
8.3%
Census ACS
Bachelor's degree +
29.6%
Census ACS
Rent burdened
46.2%
Census ACS (>30% income)
Median age
40.1
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026