Similar to other places in this area, it's substantially more expensive compared to the rest of the nation. It's substantially more expensive compared to the city of Philadelphia.
Home prices
The median home in Erma costs $299,300. This is about $12,880 (4%) higher compared to its nearby areas.In comparison to the rest of the country it is about $81,800 (37%) higher, and it is roughly $136,300 (83%) higher in comparison to the city of Philadelphia.
Rents
Erma's median rent is $1,194 per month. Compared to nearby areas it is approximately $73 (6%) higher.It is approximately $132 (12%) higher in comparison to the entire country, and compared to the city of Philadelphia it is approximately $152 (14%) higher.
Nearby places
Rio Grande
Rio Grande is Erma's neighbor to the northeast. Its real estate prices are somewhat less expensive. The median home price in Rio Grande is $266,400, which works out to $32,900 (12%) lower than Erma. Rents there are somewhat less expensive. Rio Grande's median rent is $1,111 a month, which works out to $83 (7%) lower than Erma.
Villas
Villas is about 2 miles northwest of Erma. Its real estate prices are significantly less expensive. The median home in Villas costs $192,600, which comes out to $106,700 (55%) lower than Erma. Rent there is fairly similar. The median monthly rent in Villas is $1,176, which works out to $18 (1%) lower than Erma.
North Cape May
North Cape May is roughly 3 miles southwest of Erma. Housing prices there are a bit less expensive. The median home value in North Cape May is $234,500, which works out to $64,800 (27%) lower than Erma. The rent there is a bit more expensive. In North Cape May the median rent is $1,269 a month, which comes out to $75 (5%) higher than Erma.
Wildwood Crest
Wildwood Crest is about 3 miles southeast from Erma. The housing prices there are significantly more expensive. The median home in Wildwood Crest costs $447,800, which is $148,500 (33%) higher than Erma. The rent there is somewhat less expensive. Wildwood Crest's median monthly rent is $986, which comes out to $208 (21%) lower than Erma.
West Wildwood
West Wildwood is approximately 3 miles east from Erma. Its housing prices are pretty similar. The median home in West Wildwood is valued at $290,800, which comes out to $8,500 (2%) lower than Erma. The rent there is somewhat less expensive. West Wildwood's median monthly rent is $1,063, which works out to $131 (12%) lower than Erma.
