Interested in purchasing investment houses in the 16506 zip code in Erie, PA?
The zip code 16506 is in Erie county with a latitude of -80.152680000000 and longitude of 42.063760000000, is in the state of Pennsylvania. The average asking price of houses and condos is $237,973.00 and the average sale price was $187,154.00. this regions is classified as the Erie metro area and is in the 814 area code. The location in degrees is 42° 3' 49.536" N, 80° 9' 9.648" W. The county F.I.P.S. is 42049. The total land area is 14.0 square miles and the water area is 0.0 square miles. The elevation in this area is 712 - 1001 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 16506 is in county number 049 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 24,704 in 2019 and 23,720 in 2010. Of this, the break down in 2019 was 24,417 urban and 286 rural. This further breaks down to 12,324 males (49.9%) and 12,379 females (50.1%). The median age of residents is 43.6 years. The population of the greater Erie, PA area is 279,906. The population density (people per square mile) is 1,765. This zip code has a combined total of 10,996 houses and condos. There are 3,132 rented appartments. 30% of residents rent versus the 30% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $71,662 and the average salary is $54,889. The median household income of individuals is $62,721.00 and the average is $81,580.00. This zip code has a mean commute time to work of 19.1 minutes. The unemployment rate is 3.9%. Income earners by percent breakdown as 39.30% (Under $50,000), 35.60% ($50,000-$100,000), and 25.00% earn over $100,000. 6.2% of residents live below poverty line versus the 12.0% in the state that are below this line. The cost of living index is 92.9. The educational breakdown is 97.2% have a high school education or higher, 42.8% have a bachelor's degree or higher, and 18.4% have some kind of profesional degree.
This area has 9,911 households and the average size is 2.4 people. Individuals who are single and have never been married are 27.8%, 53.0% are now married, 1.6% are separated, 8.2% are widowed, and 9.3% are divorced. The average yearly contribution amount given by people to charity was $3,700 versus the state average of $4,025. The percent of residents who gave to charity was 24.7%.
The estimated median value of houses and condos is $194,059. The median monthly owner costs of mortgage holders was $1,457, where as the costs for those who don't have a mortgage are $540. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 1.7% which equated to an average real estate tax amount payment of $3,315. 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 1.7% which amounted to an average tax amount of $3,751. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.7% which amounted to an average tax amount of $2,749. Reported taxable interest for persons was $1,240, dividends $4,770, capital gains +$11,979, and itemized deductions $23,001. The average earned income tax credit is $1,883. The percent of individuals that use a tax preparer is 51.0%. The total average income taxes paid by individuals was $9,932. Businesses reported an average profit of $19,695.
Asian King
5901 W Ridge Rd, Erie, PA 16506
Lorie's Wildridge Restaurant
5455 W Ridge Rd Ste A, Erie, PA 16506
U Pick 6 Public House
4575 W Ridge Rd, Erie, PA 16506
Brick House Coffee
3741 W 26th St, Erie, PA 16506
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