Median Home PriceBETTER
$211,721.11
Median RentBETTER
$1,046.5/mo
Price-to-Rent Ratio
16.9
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$34,583
Median Home Price
$231,936.92
Median Rent
$1,529.97/mo
Price-to-Rent RatioBETTER
12.6
Property Tax RateTIE
1.54%
Price Change (1Y)
+1.5%
Price Change (5Y)
+7.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$78,277
Key Differences
Home Prices
Erie's median home price of $211,721.11 is lower than Pittsburgh's $231,936.92 by 9%.
Monthly Rent
Renting in Erie costs $1,046.5/mo compared to $1,529.97/mo in Pittsburgh—a difference of $483.47/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.