Home values, rents and more in ZIP code 16503 (Erie, PA)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 16503 in ProMap- Under $120k
- $120k–$160k
- $160k–$210k
- $210k–$260k
- $260k+
- No data
How 16503 compares
The typical home in ZIP code 16503 (Erie, PA) is worth about $68,976, according to the Zillow Home Value Index for September 2026. Home values in 16503 are 69% below the typical value in the Erie metro area ($222,000) and 81% below the U.S. typical value ($366,000).
Over the past year, home values in 16503 rose 1.2%, compared with +4.7% in the Erie metro area and +1.2% nationally.
The median household income is $32,340, against $63,354 in the Erie metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 15,753 people live in 16503 (American Community Survey 2020–24).
16503 has the lowest typical home value of the 26 ZIP codes in the Erie metro area and the 22nd-lowest of 1,360 in Pennsylvania with Zillow figures.
Part of: Erie, PA · Erie County, PA · Erie metro area · Pennsylvania
More for 16503 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.