| ZIP Code | 16503 |
|---|---|
| City | Erie |
| State | Pennsylvania (PA) |
| County | Erie County |
| Area Code | 582/814 |
| Elevation | 685 ft |
| Latitude | 42.127155 |
|---|---|
| Longitude | -80.061023 |
| Timezone | New York (DST) |
| FIPS | 42049 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 32.2 yrs ↑ 8% since 2019 |
|---|---|
| Avg Household Size | 2.49 |
| Below Poverty | 36.8% ▲ 268% above avg |
| College Grads | 21.9% ▼ 44% below avg |
| Unemployment | 12.4% ▲ 153% above avg |
| No HS Diploma | 522 (6.6%) |
| HS Graduate | 3,343 (42.1%) |
| Some College | 1,288 (16.2%) |
| Associates | 1,055 (13.3%) |
| Bachelors | 616 (7.8%) |
| Graduate Degree | 1,120 (14.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $29,108 ▼ 62% below avg ↑ 16% since 2019 |
|---|---|
| Median Home Value | $55,400 ▼ 80% below avg ↑ 26% since 2019 |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $837/mo ↑ 17% since 2019 |
| Total Units | 6,375 |
| Vacant Units | 739 |
| Avg HH Size | 2.49 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,375 |
|---|---|
| Vacant | 739 |
| Owner Occupied | 37.4% |
| Renter Occupied | 62.6% |
| Avg HH Size | 2.49 |
ZIP code 16503 is located in Erie, Pennsylvania, within Erie County. With a population of 15,204, this is a moderately populated ZIP code with a relatively young community — the median age is 32.2 years. Economically, 16503 is a lower-income ZIP code: the median household income of $29,108 is well below the national average.
Real estate in ZIP code 16503 represents one of the more affordable housing markets in the country. The median home value of $55,400 is well below the national average. Renters can expect to pay around $837 per month in median rent. This is predominantly a renter community, with 62.6% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 26% since 2019.
The population of 16503 is racially diverse, with White as the largest group at 44.8%. Residents are less-educated — 21.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 36.8%. Household income has grown by 16% since 2019.
The unemployment rate in 16503 stands at 12.4%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 60%.
Overall, ZIP code 16503 in Erie, PA is characterized as lower-income, less-educated, and a relatively young community. With 15,204 residents, a median household income of $29,108, and a median home value of $55,400, it offers a clear picture of life in this part of Pennsylvania.