Erie, PA

Population: 100,671
Average annual home appreciation rate: -1.45%
Total of homes for sale in this market: 333
Median home price: $81,535
Median Rent: $500 per room
Home price range: 51.97% of homes are between $49,001 – $98,000
Median sales price: $104,100
Number of homes: 173
Median foreclosure sales price: $65,900
Foreclosure discount: 37%
Most common home type: 54.65% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.46%
Number of renters: 44.71%
Number of owner occupied: 55.29%
Number people living below poverty level: 26.74%
Unemployment rate: 5.30%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Erie when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

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