Rent-to-Own Homes in Erie, PA: What You Need to Know
Erie, Pennsylvania is a beautiful lakeside city with a perfect mix of urban and stunning scenic views. Housing is affordable and the schools are top-rated. The weather here is snowy and the neighborhoods are excellent for raising a family.
Cost of Living
Though Erie, Pennsylvania is 2% more expensive than the national average, utilities are 19% less! Healthcare is also 6% less expensive as well. Housing and housing expenses are 14% less expensive. The median home price is $299,000, whereas the average rent is $718 per month for an apartment. One-bedrooms cost around $620, while two-bedrooms are about $840. The rent to own ratio is fairly close, with 49% of the residents renting their homes.
Weather and Climate
Erie, Pennsylvania has a humid, continental climate, meaning the summers are warm and wet, while the winters are ice-cold and windy. The coldest month here is January, with temperatures rarely dipping below 21°F. July is the hottest month, with an average high of 80°F. Erie sees 101” of snow annually, and 42” of rain.
Schools and Higher Education
Erie has an impressive set of schools. There are 15 public schools to educate the 11,000 students. There are 28 private schools here as well, teaching nearly 7,000 students. There are several colleges in and around Erie. Mercyhurst University, Gannon University, Erie Institute of Technology, and Penn State Behrend are all located here.
Things to Do in Erie
There is so much to see and do in Erie, Pennsylvania. Presque Isle State Park is at the top of most Erie-must-do lists. The 3,200 acre-park is stunning with marinas, beaches, and hiking and walking trails. Kids and adults alike can enjoy the scenery and swimming. The Erie Zoo and Botanical Gardens are a must if you’re traveling with children. There are more than 400 animals for visitors to observe and enjoy. The attached gardens are gorgeous, packed with hundreds of different species of plants.
Know Your Neighborhoods
Home to nearly 2,000 residents, Avonia is thought to be one of the best places to live in all of Pennsylvania. Residents enjoy a rural environment and top-rated public schools. The median home value is $185,100 and the majority of residents own their homes. The median rent is $1,082.
Millcreek Township is a dense suburban town, home to 54,000 residents. The median home value is $167,000 and just over half the residents own their homes. The median rent is $856.
Fairview is another Pennsylvania favorite. 3,000 residents live here, enjoying a quiet suburban environment and top-rated public schools. The median home value is $165,000 and the majority of residents own their homes. The median rent is $568.