Logo Erie Fair Market Rent FY 2021 Erie, PA MSA Rental Data

Fair Market Rent Prices in Erie, PA :
$624 $653 $844 $1,050 $1,145
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Erie are average compared to the national average. This FMR area is more expensive than 69% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Erie is $844 per month.

The previous year, rent for a two-bedroom home was $775 per month. This is a 8.9% increase year-over-year.

This FMR rate applies to Edinboro, PA, Albion, PA, Mill Village, PA, Elgin, PA, North Springfield, PA, West Springfield, PA, East Springfield, PA, Cranesville, PA, Harborcreek, PA, Wattsburg, PA and other cities within the region. The Metro Code or CBSA code for this region is METRO21500M21500.

Additionally, This Fair Market Rent (FMR) area Erie, PA MSA spans one county or city in Pennsylvania which is listed in the table below. Estimated population of Erie, PA MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Pennsylvania, the Erie FMR area is more expensive than 62% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Erie. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Erie

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 671
1-BR 1-Bedroom $ 703
2-BR 2-Bedroom $ 908
3-BR 3-Bedroom $ 1129
4-BR 4-Bedroom $ 1231
Change Year:

There is just one county (listed below) within the Erie, PA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Erie.

County / Region Est. Population
Erie County, PA Metro 0
Zip Codes in Erie, PA MSA

There are 36 unique zip codes in this Fair Market Rent (FMR) area:

16410, 16411, 16413, 16415, 16417, 16421, 16423, 16426, 16427, 16428, 16430, 16442, 16443, 16444, 16475, 16501, 16502, 16503, 16504, 16505, 16506, 16507, 16508, 16509, 16510, 16511, 16512, 16514, 16530, 16534, 16541, 16544, 16546, 16550, 16563 and 16565

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