Market Intelligence · PA / Erie

Erie, PA 16503 Housing Market

The typical home value in Erie's 16503 ZIP code is $72,235, up 3.9% over the past year. The median list price sits at $119,000, and homes are taking a median of 38 days on market as of 2026-06-01.

Updated June 2026Median value$72K

The median home value in Erie, PA 16503 is $72K as of June 2026, up 3.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 16503 range

$66K to $78K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.9% over 12 months

Typical home value in 16503 over the last 12 months: $70K in Jun 2025 to $72K in Jun 2026 (+3.9%).

Jun 2025$70K

Jun 2026$72K

The numbers

What is the 16503 housing market like?

Typical home value

$72K

Up3.9%YoY

Median list price

$119K

Days on market

38

Down25.5%MoM

Homes for sale

13

Price cuts

0.0%

New listings

10

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 16503 home prices compare?

  • 16503$72,235
  • Erie$193,526
  • Pennsylvania$242,059
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,270 ZIPs).

Context

As of 2026-06-01, there are 13 homes for sale in 16503, with 10 new listings on the market. The median list price is $119,000, while the typical home value is $72,235, up 3.9% over the past year. Homes are spending a median of 38 days on market. None of the current listings show a price cut. For a seller, that points to steady demand, so pricing carefully against local comparables still matters.

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