Rent to own Homes in Erie, PA
Erie, which has a large downtown presence and waterfront activities area, offers plenty of entertainment options throughout the year. Most is weather permitting, though, since the lake can freeze over. For fun, individuals may wish to check out Erie Club, Craze Nightclub, or Papa George's Country Bar. Bowling is popular too, with Eastway Lanes offering nighttime bowling options. Numerous restaurants and bars are located in throughout the city as well.
Erie, PA is a great place for affordable rent-to-own homes! With a median household income of over $38,655 and a median rent of $725, the Erie, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Erie, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Erie, PA Property Resources
Rent to own Homes in Cities Near Erie, PA
- Avonia
- Cambridge Springs
- Clymer
- Cranesville
- East Springfield
- Edinboro
- Erie
- Findley Lake
- Girard
- Harborcreek
- Lake City
- Lawrence Park
- McKean
- Mc Kean
- Mill Village
- North East
- North Springfield
- Northwest Harborcreek
- Penn State Erie (Behrend)
- Penn State Erie (Behrend)
- Platea
- Union City
- Venango
- Waterford
- Wattsburg
- Wesleyville
- Woodcock
Neighborhoods in Erie, PA
West Bayfront rent to own homes Burton - Diehl rent to own homes East Side Bay Lights rent to own homes Central Eastside rent to own homes St. Mary rent to own homes Bayfront rent to own homes Little Italy rent to own homes South East Hills rent to own homes Greater Kahkwa rent to own homes East Bayfront rent to own homesBuying a Home in Erie, PA
Erie, PA is seeing rapid growth and Erie, PA's' housing market remains optimal with an average home price that is -58% below the 2024 national average. Erie, PA is part of Erie county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Erie is 1.83% which is above the national average, which is 0.99%.
Median Home Price in Erie, PA
Median Rent in Erie, PA
Local Events and Festivals Erie has plenty of local events and festivals occurring throughout the year. The Waterford Community Fair is held here each year. The Great Blue Heron Music Festival is also an annual event that draws in a people from throughout the area. County fairs, carnivals, and numerous church-related festivals occur throughout the year as well.
Transportation Getting around the city is easy enough to do. Interstate 90 is the largest freeway in the area. It connects cities as far away as Boston. I-90 also provides commuters with access to Pittsburg and to Cleveland. In addition, Interstate 86, Interstate 79, and US Route 19 all run through this area. All of this makes commute times into the city easy to do. There is also the Erie Metropolitan Transit Authority, or EMTA, which operates a bus system throughout the city.
Local Sports A number of professional and semi-professional teams are located here in Erie. The AA baseball team, Erie SeaWolves, is affiliated with the Detroit Tigers. The Erie Otters are a hockey team in the city. The Erie Bayhawks are a part of the NBA Development League., and the Erie Explosion is a member of the Continental Indoor Football League. You can also check out the NASCAR races at the Lake Erie Speedway.