| ZIP Code | 16506 |
|---|---|
| City | Erie |
| State | Pennsylvania (PA) |
| County | Erie County |
| Area Code | 582/814 |
| Elevation | 859 ft |
| Latitude | 42.063038 |
|---|---|
| Longitude | -80.156034 |
| Timezone | New York (DST) |
| FIPS | 42049 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.0 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 7.7% ▼ 23% below avg |
| College Grads | 52.3% ▲ 35% above avg |
| Unemployment | 2.6% ▼ 46% below avg |
| No HS Diploma | 48 (0.3%) |
| HS Graduate | 4,755 (28.3%) |
| Some College | 1,452 (8.7%) |
| Associates | 1,750 (10.4%) |
| Bachelors | 2,179 (13%) |
| Graduate Degree | 6,589 (39.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $84,021 ▲ 10% above avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $224,200 ▼ 20% below avg ↑ 28% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,176/mo ↑ 26% since 2019 |
| Total Units | 10,309 |
| Vacant Units | 450 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 10,309 |
|---|---|
| Vacant | 450 |
| Owner Occupied | 69.7% |
| Renter Occupied | 30.3% |
| Avg HH Size | 2.42 |
ZIP code 16506 is located in Erie, Pennsylvania, within Erie County. With a population of 24,190, this is a moderately populated ZIP code with a middle-aged community — the median age is 44 years. Economically, 16506 is a middle-income ZIP code: the median household income of $84,021 is near the national average.
Real estate in ZIP code 16506 represents an affordable housing market. The median home value of $224,200 is below the national average. Renters can expect to pay around $1,176 per month in median rent. Homeownership is strong here — 69.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 28% since 2019.
The population of 16506 is primarily White (88.09%). Residents are well-educated — 52.3% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 7.7%. Household income has grown by 25% since 2019.
The unemployment rate in 16506 stands at 2.6%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 82%.
Overall, ZIP code 16506 in Erie, PA is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 24,190 residents, a median household income of $84,021, and a median home value of $224,200, it offers a clear picture of life in this part of Pennsylvania.