Home prices
The price of the median home in Erie is $130,000. Compared to its nearby areas this is approximately $27,560 (26%) higher.It is about $87,500 (40%) lower compared to the entire country, and compared to the city of Rockford it is about $38,400 (41%) higher.
Rents
In Erie the median rent is $605 a month. This is roughly $144 (19%) lower compared to its surrounding areas.It is approximately $457 (43%) lower in comparison to the rest of the country, and in comparison to the city of Rockford it is approximately $167 (21%) lower.
Nearby places
Hillsdale
Hillsdale is approximately 5 miles southwest of Erie. Real estate prices there are significantly less expensive. The median home in Hillsdale is valued at $75,300, which is $54,700 (72%) lower than Erie. Its rents are a bit more expensive. Hillsdale's median rent is $675 a month, which is $70 (10%) higher than Erie.
Prophetstown
Prophetstown is approximately 6 miles east of Erie. The real estate prices there are substantially less expensive. The median home in Prophetstown costs $96,300, which works out to $33,700 (34%) lower than Erie. Rents there are a bit more expensive. Prophetstown's median rent is $707 a month, which works out to $102 (14%) higher than Erie.
Lyndon
Lyndon is roughly 7 miles northeast from Erie. Its housing prices are a lot less expensive. Lyndon's median home value is $79,400, which comes out to $50,600 (63%) lower than Erie. Rents there are a bit more expensive. Lyndon's median rent is $850 a month, which comes out to $245 (28%) higher than Erie.
Albany
Albany is about 10 miles northwest of Erie. Real estate prices there are a bit less expensive. The median home in Albany is valued at $118,100, which is $11,900 (10%) lower than Erie. Its rents are somewhat more expensive. Albany's median monthly rent is $755, which is $150 (19%) higher than Erie.
Cordova
Cordova is approximately 10 miles west from Erie. The housing prices there are a little more expensive. The median home in Cordova is valued at $143,100, which is $13,100 (9%) higher than Erie. The rent there is somewhat more expensive. In Cordova the median rent is $760 a month, which comes out to $155 (20%) higher than Erie.
