Metro area index
Home appreciation in the Erie, PA metro area
FHFA HPI® data shows the Erie, PA metro area's all-transactions index changed +8.0% over the year to Q2 2026, versus +4.7% for Pennsylvania and +3.0% for the U.S. That ranks 26th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +8.0%
- 5-year change
- +58.6%
- Since Q1 1995
- +206%
- Metro rank (1 year)
- 26th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Erie, PA vs Pennsylvania and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Erie, PA: 305.6
- Pennsylvania: 355.6
- United States: 391.6
Appreciation by time window
| Window | Metro | PA | U.S. | Gap vs PA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +8.0% | +4.7% | +3.0% | +3.3 pts | +5.0 pts |
| 3 years | +26.3% | +18.1% | +12.9% | +8.3 pts | +13.5 pts |
| 5 years | +58.6% | +44.2% | +41.3% | +14.4 pts | +17.3 pts |
| 10 years | +91.2% | +86.9% | +93.3% | +4.3 pts | −2.1 pts |
| Since Q1 1995 | +206% | +256% | +292% | −50.0 pts | −85.9 pts |
3-digit ZIP regions in the Erie, PA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 165 · Erie, PA area | PA | +6.7% | +62.6% | +203% | 100% |
| 164 · Corry, PA area | PA | +8.0% | +58.6% | +206% | 71% |
Boom, bust, and recovery in Erie, PA area
Erie, PA area's index peaked in Q2 2009, fell 1.8% to its low in Q3 2011, and regained its peak in Q4 2011, about 2.5 years after the top. Today it sits +105% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2009 | Q3 2011 | -1.8% | Q4 2011 (2.5 yrs) | +105% |
| PA | Q1 2008 | Q2 2012 | -9.4% | Q2 2017 (9.2 yrs) | +83.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Erie, PA area's index has changed +38.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | PA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +4.0% | +0.8% | -0.8% |
| 3 years | +9.8% | +15.1% | +7.5% | +2.8% |
| 5 years | +24.0% | +27.9% | +16.3% | +13.9% |
| 10 years | +39.1% | +37.5% | +34.4% | +39.0% |
| Since Q1 1995 | +121% | +38.0% | +60.6% | +76.8% |
If you bought in the Erie, PA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +209% | $927,400 |
| Q2 2000 | +167% | $802,345 |
| Q2 2005 | +121% | $663,377 |
| Q2 2010 | +108% | $625,244 |
| Q2 2015 | +97.5% | $592,402 |
| Q2 2020 | +74.7% | $524,194 |
| Q2 2021 | +58.6% | $475,902 |
| Q2 2023 | +26.3% | $379,002 |
| Q2 2025 | +8.0% | $324,011 |
Frequently asked questions
- How much have home prices risen in the Erie, PA area?
- FHFA HPI® data for the Erie, PA metro area shows changes of +8.0% over one year, +58.6% over five years, and +91.2% over ten years to Q2 2026, and +206% since Q1 1995.
- Is the Erie, PA area beating the national average?
- Over the past year the metro's index moved +5.0 pts versus the U.S.; over five years the gap is +17.3 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.