16506 Real Estate Market Overview

Could Erie, PA 16506 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 16506. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 16506 such as Fairview ...and Waterford. When you’re ready, Trulia has 140 resale and new homes in 16506 lined up for you, including 18 open houses, and 33 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$141,350

Median Sales Price

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$101

Price Per Sqft

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$1,337

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 16506 show a -24% year-over-year drop in median sales price and a 27% rise in median rent per month.

Median Sales Price
The median sales price for homes in 16506 for Apr 13 to Jul 12 was $141,350 based on 14 home sales.
Price Per Square Ft.
Average price per square foot for 16506 was $101, a decrease of -4% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 16506 for Jun 13 to Jul 13 was $1,337.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in and around 16506 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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Crime data for the past year is not available at this location.


Best Schools in 16506

There are 21 schools in 16506.

Elementary Schools
9

Fairview El School

Public, K-4

8

Asbury Elementary School

Public, K-5

7

Chestnut Hill El School

Public, K-5

Middle Schools
9

Fairview Middle School

Public, 5-8

9

Walnut Creek Middle School

Public, 6-8

8

James S Wilson Middle School

Public, 6-8

High Schools
10

Fairview High School

Public, 9-12

9

Fort Leboeuf Senior High School

Public, 9-12

7

General Mclane High School

Public, 9-12


Demographics

Get to know your neighbors in 16506 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
30%
Single residents
Home owners
81%
Home owners
Median age
44
Median age
Household income
$60,761
Median household income
College educated
41%
College educated

Commute

Most people in 16506 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
98% commute by car
0% commute by bike
0% commute by public transportation
0% commute by foot

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