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

Erie, PA has a median modeled monthly cash flow of $-157 and a median cap rate of 5.2%, on a median sold price of $180,000. Prices changed +8.1% 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 $180,000 (about $133 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.

$180,000Median sold price

$133Median $/sqft

5.2%Median cap rate

$-157Modeled cash flow / mo

+8.1%Appreciation YoY

4.4Months of supply

520Active listings

1,427Sold (last 12 mo)

What the Erie numbers say

In Erie, PA, the median home sold for $180,000 (about $133 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-157 of monthly cash flow. Sold prices moved +8.1% over the past year. Inventory sits at about 4.4 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.