Is Erie, PA a good place to invest in rental property?

Erie, PA has a median modeled monthly cash flow of $-145 and a median cap rate of 5.2%, on a median sold price of $159,900. Prices changed +6.6% year over year.

What is the average cap rate in Erie, PA?

The median cap rate across recently sold homes in Erie, PA is 5.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Erie, PA?

The median sold price in Erie, PA is $159,900 (about $113 per square foot).

Investing in Erie, PA Real Estate

A data-driven snapshot of the Erie, PA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$159,900Median sold price

$113Median $/sqft

5.2%Median cap rate

$-145Modeled cash flow / mo

+6.6%Appreciation YoY

7.0Months of supply

523Active listings

897Sold (last 12 mo)

What the Erie numbers say

In Erie, PA, the median home sold for $159,900 (about $113 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-145 of monthly cash flow. Sold prices moved +6.6% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Pennsylvania markets to compare

See Erie cash-flowing listings

CashFlowRE ranks every for-sale home in Erie, PA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Erie deals, or browse the national market data.