Interested in purchasing investment houses in the 16511 zip code in Erie, PA?
The zip code 16511 is in Erie county with a latitude of -79.995140000000 and longitude of 42.165840000000, is in the state of Pennsylvania. The average asking price of houses and condos is $155,911.00 and the average sale price was $112,584.00. this regions is classified as the Erie metro area and is in the 814 area code. The location in degrees is 42° 9' 57.024" N, 79° 59' 42.504" W. The county F.I.P.S. is 42049. This zip code contains three cities including Northwest Harborcreek, PA (22.92%), Lawrence Park, PA (17.68%), and Erie, PA (9.78%) The total land area is 7.5 square miles and the water area is 2.2 square miles. The elevation in this area is 594 - 686 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 16511 is in county number 049 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 11,329 in 2019 and 11,382 in 2010. Of this, the break down in 2019 was 11,113 urban and 215 rural. This further breaks down to 5,135 males (45.3%) and 6,194 females (54.7%). The median age of residents is 42.4 years. The population of the greater Erie, PA area is 279,906. The population density (people per square mile) is 1,512. This zip code has a combined total of 5,403 houses and condos. There are 1,887 rented appartments. 38% of residents rent versus the 38% 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 $45,464 and the average salary is $40,189. The median household income of individuals is $48,329.00 and the average is $51,250.00. This zip code has a mean commute time to work of 21.1 minutes. The unemployment rate is 4.6%. Income earners by percent breakdown as 51.30% (Under $50,000), 33.50% ($50,000-$100,000), and 15.10% earn over $100,000. 14.1% of residents live below poverty line versus the 12.0% in the state that are below this line. The cost of living index is 91.7. The educational breakdown is 92.9% have a high school education or higher, 28.2% have a bachelor's degree or higher, and 9.4% have some kind of profesional degree.
This area has 4,649 households and the average size is 2.2 people. Individuals who are single and have never been married are 27.6%, 49.2% are now married, 2.6% are separated, 8.0% are widowed, and 12.6% are divorced. The average yearly contribution amount given by people to charity was $3,456 versus the state average of $4,025. The percent of residents who gave to charity was 16.4%.
The estimated median value of houses and condos is $145,185. The median monthly owner costs of mortgage holders was $1,104, where as the costs for those who don't have a mortgage are $475. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $2,601. 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 1.8% which amounted to an average tax amount of $2,649. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $2,529. Reported taxable interest for persons was $908, dividends $3,131, capital gains +$3,635, and itemized deductions $17,244. The average earned income tax credit is $2,295. The percent of individuals that use a tax preparer is 45.5%. The total average income taxes paid by individuals was $6,671. Businesses reported an average profit of $12,420.
Ricardo's Restaurant
2112 E Lake Rd, Erie, PA 16511
Dq
4219 Iroquois Ave, Erie, PA 16511
Irish Cousins
3924 Main St, Erie, PA 16511
Dabrowski's Restaurant & Deli
4003 Main St, Erie, PA 16511
Lawrence Park Dinor
4019 Main St, Erie, PA 16511
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