RentalCalcs
ToolsMarket MapMy DealsPricingBlog
RentalCalcs

Professional real estate investment calculators to help you analyze deals faster and make confident investment decisions.

Product

  • Tools
  • Market Map
  • Pricing
  • Blog
  • About

Top Markets

  • Harris County, TX
  • Maricopa County, AZ
  • San Diego County, CA
  • Miami-Dade County, FL
  • Dallas County, TX
  • Clark County, NV
  • Browse All Markets →

Legal

  • Terms of Service
  • Privacy Policy
  • Contact

© 2026 RentalCalcs. All rights reserved.

Market MapErie, PA
Metropolitan Area

Erie, PA

Pennsylvania01 counties
70
/100
Buy
#194 of 894 metros
Top 22% nationally for investing

Market Snapshot

$211,724
Median Home Price
13% below national median
$1,047/mo
Median Rent
24% below national median
5.93%
Rent-to-Price Ratio
Top 53% nationally
-$430
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$211,724
Down Payment (20%)$42,345
Loan Amount$169,379
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,047
Monthly P&I-$1,110
Est. Expenses (35%)-$366
Net Cash Flow-$429/mo
3.9%
Cap Rate (all cash)
-10.6%
Cash-on-Cash Return
5.93%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
70/100
70
Cash Flow(30%)
59/100

Based on 5.93% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
90/100

Based on 6.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
85/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Strong price appreciation (+6.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$430/mo)
  • -Negative leverage (cap rate 3.9% < mortgage rate 6.9%)

Counties in Erie, PA

Best Overall
Erie
PA - Score: 68
Verdict
EriePA
270,49568$208,538$1,0706.16%BuyView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Decatur, IL
Decatur, IL
85$118,242$1,02110.36%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Current
Erie, PA
70$211,724$1,0475.93%Buy

The Bottom Line

BuyErie, PA offers solid investment potential with good cash flow or appreciation prospects.

The Erie, PA metro area scores 70/100, ranking #194 of 894 US metros (top 22%). The 5.93% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 1 counties, Erie shows the strongest investment potential (score: 68). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-430/mo
Cap Rate
3.9%
Cash-on-Cash
-12.2%

Ready to Invest in Erie, PA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyErie
Explore Other Markets