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Penn State Erie (Behrend)

Learn about the people, housing, costs and businesses in Penn State Erie (Behrend), Pennsylvania

Median Home$288,800
Median Rent$1,744/month
Population1,630
Leading IndustriesProfessional Services · Public Administration · Finance & Insurance3% professional services
Home Value Growth⬆⬆+17.7% over 2 years
Young Adults67% of residentstop 1% nationally
Homeowners70% of occupied units
Penn State Erie (Behrend)
PA

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Frequently Asked Questions

What are today's mortgage rates in Penn State Erie (Behrend)?

As of today, the 30-year fixed mortgage rate for Penn State Erie (Behrend) is approximately 6.951% (6.992% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Penn State Erie (Behrend)
What is the median home price in Penn State Erie (Behrend)?

The median home value in Penn State Erie (Behrend) is $289k. The median monthly rent is $1,744. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Penn State Erie (Behrend)?

Home values in Penn State Erie (Behrend) have increased 17.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Penn State Erie (Behrend)?

Based on a typical all-in ownership cost of $1,509/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Penn State Erie (Behrend) is $78k/year.

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What industries drive the economy in Penn State Erie (Behrend)?

The largest employment sectors in Penn State Erie (Behrend) are public administration (30%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.