| ZIP Code | 16505 |
|---|---|
| City | Erie |
| State | Pennsylvania (PA) |
| County | Erie County |
| Area Code | 582/814 |
| Elevation | 570 ft |
| Latitude | 42.11914 |
|---|---|
| Longitude | -80.127883 |
| Timezone | New York (DST) |
| FIPS | 42049 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.0 yrs |
|---|---|
| Avg Household Size | 2.07 |
| Below Poverty | 9.1% ▼ 9% below avg |
| College Grads | 54.2% ▲ 40% above avg |
| Unemployment | 5.5% ▲ 12% above avg |
| No HS Diploma | 100 (0.8%) |
| HS Graduate | 3,462 (29.3%) |
| Some College | 1,061 (9%) |
| Associates | 790 (6.7%) |
| Bachelors | 1,119 (9.5%) |
| Graduate Degree | 5,284 (44.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $71,370 ≈ Avg ↑ 18% since 2019 |
|---|---|
| Median Home Value | $196,600 ▼ 29% below avg ↑ 30% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $871/mo ↑ 6% since 2019 |
| Total Units | 8,407 |
| Vacant Units | 973 |
| Avg HH Size | 2.07 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,407 |
|---|---|
| Vacant | 973 |
| Owner Occupied | 75.0% |
| Renter Occupied | 25.1% |
| Avg HH Size | 2.07 |
ZIP code 16505 is located in Erie, Pennsylvania, within Erie County. With a population of 15,631, this is a moderately populated ZIP code with a mature community — the median age is 49 years. Economically, 16505 is a solidly middle-class ZIP code: the median household income of $71,370 is near the national average.
Real estate in ZIP code 16505 represents an affordable housing market. The median home value of $196,600 is below the national average. Renters can expect to pay around $871 per month in median rent. Homeownership is strong here — 75.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 30% since 2019.
The population of 16505 is primarily White (92.53%). Residents are well-educated — 54.2% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 9.1%. Household income has grown by 18% since 2019.
The unemployment rate in 16505 stands at 5.5%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 16505 in Erie, PA is characterized as solidly middle-class, well-educated, a mature community, and predominantly owner-occupied. With 15,631 residents, a median household income of $71,370, and a median home value of $196,600, it offers a clear picture of life in this part of Pennsylvania.