Interested in purchasing investment houses in the 16502 zip code in Erie, PA?
The zip code 16502 is in Erie county with a latitude of -80.101410000000 and longitude of 42.110660000000, is in the state of Pennsylvania. The average asking price of houses and condos is $96,211.00 and the average sale price was $54,437.00. this regions is classified as the Erie metro area and is in the 814 area code. The location in degrees is 42° 6' 38.376" N, 80° 6' 5.076" W. The county F.I.P.S. is 42049. The total land area is 2.6 square miles and the water area is 0.0 square miles. The elevation in this area is 630 - 663 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 16502 is in county number 049 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 15,923 in 2019 and 16,664 in 2010. This further breaks down to 7,767 males (48.8%) and 8,156 females (51.2%). The median age of residents is 34.2 years. The population of the greater Erie, PA area is 279,906. The population density (people per square mile) is 6,243. This zip code has a combined total of 8,129 houses and condos. There are 4,326 rented appartments. 64% of residents rent versus the 64% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $27,313 and the average salary is $25,535. The median household income of individuals is $31,907.00 and the average is $30,630.00. This zip code has a mean commute time to work of 19.4 minutes. The unemployment rate is 7.4%. Income earners by percent breakdown as 71.10% (Under $50,000), 24.30% ($50,000-$100,000), and 4.60% earn over $100,000. 29.4% of residents live below poverty line versus the 12.0% in the state that are below this line. The cost of living index is 91.4. The educational breakdown is 86.1% have a high school education or higher, 19.8% have a bachelor's degree or higher, and 4.8% have some kind of profesional degree.
This area has 7,087 households and the average size is 2.3 people. Individuals who are single and have never been married are 46.0%, 30.4% are now married, 3.1% are separated, 5.5% are widowed, and 15.0% are divorced. The average yearly contribution amount given by people to charity was $2,594 versus the state average of $4,025. The percent of residents who gave to charity was 5.1%.
The estimated median value of houses and condos is $83,594. The median monthly owner costs of mortgage holders was $966, where as the costs for those who don't have a mortgage are $426. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 2.4% which equated to an average real estate tax amount payment of $2,003. In comparision, the average real estate tax percent rate in the state is 1.5% which equated to an average real estate tax amount payment in the state of $2,887. The median housing property tax percent for residents with mortgages was 2.4% which amounted to an average tax amount of $1,962. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.4% which amounted to an average tax amount of $2,088. Reported taxable interest for persons was $531, dividends $2,330, capital gains +$1,348, and itemized deductions $13,624. The average earned income tax credit is $2,313. The percent of individuals that use a tax preparer is 43.0%. The total average income taxes paid by individuals was $5,175. Businesses reported an average profit of $7,761.
La Bella
802 W 18th St, Erie, PA 16502
Pineapple Eddie Southern Bistro
1402 W 10th St, Erie, PA 16502
Sushi & Asian Cuisine
1014 State St, Erie, PA 16501 (1.1 miles away)
Mi Scuzi Ristorante Italiano
2641 Myrtle St, Erie, PA 16508 (1.1 miles away)
Smuggler's Wharf
3 State St, Erie, PA 16507 (1.4 miles away)
Latino's Mexican Restaurant and Bar
1315 Parade St, Erie, PA 16503 (1.9 miles away)
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