ZIP Code · PA

ZIP 16507

Part of Erie, PA

Pop. 8,597·Erie County·241st most expensive ZIP in Pennsylvania

Median rent (all units)

$1,109/mo

Year-over-Year

+5.4%

Month-over-Month

+1.0%

vs US Median

-$823

Reported rents

Rising (Monthly)

Be the first to discuss 16507 rents ↓

Most AffordableMost Expensive

ZIP 16507 · $1,109

More affordable than 95% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$990

2 BR

$1,270

3 BR

$1,570

4 BR+

$1,760

Research median

$1,270/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Pennsylvania

Rent in ZIP 16507 changed +5.4% over the year to September 2026. Across the 205 Pennsylvania ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($33,361) is $834 a month. That is less than HUD's Fair Market Rent for a studio ($880).

Cheaper nearby

ZIP 16503, 1 mile away, rents for 22% less ($866/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 16507. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,308/yr

At $1,109/mo median

Location

CityErie

StatePA

CountyErie County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.4% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 16507 (Erie, PA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 21.8% of residents hold a bachelor's degree or higher.

Population

8,597

Median income

$33,361

Median age

26.8

Renters

66.2%

Age distribution

21.1%

40.5%

14.6%

15%

Under 1821.1%

18–3440.5%

35–5414.6%

55–648.9%

65+15%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

57.6%

22.7%

White57.6%

Black22.7%

Hispanic9.2%

Asian4.4%

Other6.1%

Education (25+)

48.1%

19.9%

21.8%

No HS diploma10.1%

HS diploma48.1%

Some college19.9%

Bachelor's+21.8%

Housing tenure

33.8%

66.2%

Owner33.8%

Renter66.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 16507 in Erie, PA has changed in 5 years

Income

$33,401 → $33,361

down 0.1%

Population

9,111 → 8,597

down 5.6%

Renter share

68.5% → 66.2%

-2.3 pts

Bachelor's+

21.7% → 21.8%

+0.1 pts

Median age

30.8 → 26.8

-4.0 yrs

Median household income slipped from $33,401 to $33,361 between 2021 and 2024, a 0.1% shift. The population has contracted by 5.6% since 2021, moving from about 9,111 residents to roughly 8,597. Renters now make up 66.2% of households, compared with 68.5% five years ago.

Community

Discussions about ZIP 16507

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 16507

About renting in ZIP 16507

Last updated: October 17, 2026

ZIP code 16507 covers Erie, PA. The median rent here is $1,109/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,270/mo.

At 40% of local median household income ($33,361/yr), ZIP 16507 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 16507?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (about $21/hour full-time) to afford the median rent of $1,109/mo in ZIP 16507. The local median household income is $33,361/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 16507?

Rent in ZIP 16507 has risen 5.4% over the past year.

How does ZIP 16507 compare to other ZIPs in Pennsylvania?

ZIP 16507 is one of the more affordable among Pennsylvania ZIP codes for rent, ranking #241 of 261 at $1,109/mo. Over the year to September 2026, rent in ZIP 16507 changed +5.4%, against a typical +3.8% across the 205 Pennsylvania ZIP codes Zillow tracks.