Market Intelligence · PA / Erie

Erie, PA 16511 Housing Market

The typical home value in Erie's 16511 ZIP code stands at $205,167, up 5.9% over the past year. The median list price is $215,550, and homes spend a median of 36 days on market.

Updated September 2026Median value$205K

The median home value in Erie, PA 16511 is $205K as of September 2026, up 5.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 16511 range

$189K to $222K

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

+5.9% over 12 months

Sep 2025$194K

Low $194KHigh $205K

Sep 2026$205K

The numbers

What is the 16511 housing market like?

As of September 2026

Typical home value

$205K

5.9%YoY

Median list price

$216K

17.1%MoM

Days on market

28.6%MoM

Homes for sale

12.5%MoM

Price cuts

6.7%

New listings

50.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

16511 housing market forecast 2027

+3.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 16511 to rise 3.2% by September 2027.

Over the 12 months through September 2026, typical home values in 16511 rose 5.9%, per the Zillow Home Value Index.

Will home prices drop in 16511?

Zillow's forecast does not call for a drop: it expects typical home values in 16511 to rise 3.2% by September 2027, after a 5.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 16511 home prices compare?

16511$205,167
Erie$187,114
Pennsylvania$236,800
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,262 ZIPs).

Context

Inventory in this area remains limited, with 9 homes for sale and 8 new listings as of September 2026. The median list price of $215,550 sits above the typical home value of $205,167, suggesting some sellers are testing higher price points. Homes take a median of 36 days to sell, which is a moderate timeline. Only 6.7% of listings have received price cuts, a sign that most sellers are holding firm despite the modest inventory. For homeowners considering a sale, the modest appreciation and limited competition mean you'll want realistic pricing from day one.

Monthly payment

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Home price

Down payment20% · $41,033

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Common questions

What people ask us.

What is the typical home value in 16511?

The typical home value is $205,167, which has increased 5.9% over the past year.

How long do homes typically sit on the market here?

The median days on market is 36 days as of September 2026.

What is the median list price in this area?

The median list price is $215,550 as of September 2026.

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