ZIP Code 16505
standardSource:
Erie · Erie County · Pennsylvania
- Population
- 17,168
- Median income
- $72,938
- Median home value
- $211,700
- Bachelor's or higher
- 45.9%
- Land area
- 30.4 sq mi
564/sq mi
▼ 4% vs US
higher than 51% of US ZIPs
▼ 24% vs US
higher than 47% of US ZIPs
Median age 50.9
New York
ZIP code 16505 in Erie, Pennsylvania has a population of 17,168. The median household income is $72,938, which is 4% below the national average. Median home value is $211,700, 24% below the US average. 45.9% of residents hold a bachelor's degree or higher.
ZIP code 16505 is classified by USPS as a standard delivery area and covers roughly 30.4 square miles in Erie, Erie County, Pennsylvania. The area is home to 17,168 residents, producing a population density of 564 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 16505 against Pennsylvania and the nation.
On the economic side, the median household income for ZIP 16505 sits at $72,938 (6% below the Pennsylvania average), while per-capita income is $50,524. The poverty rate stands at 10.6% and the unemployment rate at 5.0%. On housing, the median home value is $211,700 (7% below the state average) with median rent at $881 per month, and 70.7% of occupied units are owner-occupied, a direct signal of whether 16505 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 45.9% of adults hold a bachelor's degree or higher, the median age is 50.9, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Erie County, so you can benchmark 16505 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 16505
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 16505.
- Health care and social assistance
Health care and social assistance
108 establishments
- Retail trade
Retail trade
103 establishments
- Accommodation and food services
Accommodation and food services
78 establishments
- Other services (except public administration)
Other services (except public administration)
69 establishments
- Manufacturing
Manufacturing
47 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 16505, Erie, PA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
17,168
Population
30.4
Area (sq mi)
564
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 16505?
50.9
Median Age
47.7%
Male
52.3%
Female
3.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$72,938
Median Household Income
-6% vs state
$50,524
Per Capita Income
10.6%
Poverty Rate
5.0%
Unemployment Rate
17.5 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
8,311
Total Housing Units
7,345
Occupied Units
966
Vacant Units
2.05
Avg Household Size
Occupancy Type
$211,700
Median Home Value
-7% vs state
$881
Median Rent
1958
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+3.7%
YoY Change (2024)
220
HPI Index (2000 = 100)
+120%
Total Change Since 2000
Home values in ZIP 16505 have increased 3.7% over the past year (2024). Since 2000, this ZIP has seen +120% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.8% | 151 |
| 2021 | +9.7% | 165 |
| 2022 | +14.3% | 189 |
| 2023 | +12.4% | 213 |
| 2024 | +3.7% | 220 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 680 business establishments in ZIP 16505, employing approximately 9,547 people with a combined annual payroll of $388,858,000.
680
Businesses
9,547
Employees
$388.9M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 108 | 15.9% |
| Retail trade | 103 | 15.2% |
| Accommodation and food services | 78 | 11.5% |
| Other services (except public administration) | 69 | 10.2% |
| Manufacturing | 47 | 6.9% |
| Construction | 45 | 6.6% |
| Professional, scientific, and technical services | 42 | 6.2% |
| Finance and insurance | 41 | 6.0% |
| Real estate and rental and leasing | 39 | 5.7% |
| Wholesale trade | 28 | 4.1% |
| Administrative and support and waste management and remediation services | 24 | 3.5% |
| Transportation and warehousing | 14 | 2.1% |
| Arts, entertainment, and recreation | 14 | 2.1% |
| Educational services | 13 | 1.9% |
| Management of companies and enterprises | 9 | 1.3% |
| Information | 6 | 0.9% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 16505 vs 16502 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 16502 | Erie, PA | 16,664 | 2.4 mi |
| 16506 | Erie, PA | 23,720 | 3.5 mi |
| 16501 | Erie, PA | 2,044 | 3.1 mi |
| 16508 | Erie, PA | 16,050 | 3.1 mi |
| 16507 | Erie, PA | 11,088 | 3.5 mi |
| 16503 | Erie, PA | 16,850 | 4.5 mi |
| 16546 | Erie, PA | 1,154 | 4.9 mi |
| 16504 | Erie, PA | 17,322 | 5.1 mi |
| 16426 | Mc Kean, PA | 3,730 | 9.3 mi |
| 16509 | Erie, PA | 26,810 | 6.6 mi |
More ZIP Codes in Erie County
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Frequently Asked Questions
What county is ZIP code 16505 in? ▼
What is the population of ZIP code 16505? ▼
What is the median household income in ZIP 16505? ▼
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What is the demographic makeup of ZIP 16505? ▼
How many businesses are in ZIP code 16505? ▼
What are the main industries in ZIP code 16505? ▼
How have home values changed in ZIP code 16505? ▼
What is the education level in ZIP code 16505? ▼
What is the average commute time in ZIP 16505? ▼
What percentage of residents own vs. rent in ZIP 16505? ▼
What is the poverty rate in ZIP code 16505? ▼
ZIP Code Research Guides
Official Data Resources for Erie, PA
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.