Erie, PA · standard
ZIP Code 16506
Erie County, Pennsylvania - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 23,720
- 651/sq mi High-density area
- $81,060
- Median income Near-median income area
- $237,300
- Median home value Near-median home value
- 39.4%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Erie pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.
- Top 37%
- household income, US ZIPs
- Top 46%
- home value, US ZIPs
- 651
- people per sq mi
- 69%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 16506 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 16506 (Erie, PA) rose +7.0% from 2023 to 2024. The all-transactions index moved from 204.1 in 2023 to 218.3 in 2024 (2000 = 100).
ZIP code 16506 is a densely settled ZIP (a standard USPS delivery area) in Erie, Erie County, Pennsylvania, with 23,720 residents across 36.5 square miles, a density of 651 people per square mile, in the New York time zone.
ZIP 16506 lands in the middle-income range, with a median household income of $81,060 (4% above the average Pennsylvania ZIP), while per-capita income is $45,911. The poverty rate is 8.8%, with unemployment at 2.9%; those measures add context to the income figure. Median home value is $237,300 (4% above the average Pennsylvania ZIP) and median rent is $1,216; 68.5% of occupied homes are owner-occupied.
A solid share of residents have a four-year degree: 39.4% of adults hold a bachelor's degree or higher, the median age is 44.5, and the average commute is 17 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Erie County, so 16506 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 16506
Top 5 sectors by establishment count in Erie, PA
Which industries have the most business establishments in ZIP 16506.
- Health care and social assistance
Health care and social assistance
98 establishments
- Retail trade
Retail trade
69 establishments
- Other services (except public administration)
Other services (except public administration)
68 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
65 establishments
- Manufacturing
Manufacturing
56 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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 16506, Erie, PA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
23,720
Population
36.5
Area (sq mi)
651
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 16506?
44.5
Median Age
53.0%
Male
47.0%
Female
5.3%
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?
$81,060
Median Household Income
+4% vs state ZIP avg
$45,911
Per Capita Income
8.8%
Poverty Rate
2.9%
Unemployment Rate
17.4 min
Mean Commute Time
How ZIP 16506 ranks among Pennsylvania ZIPs
Erie, PA household income vs. every Pennsylvania ZIP code
Median household income among 1,642 reporting Pennsylvania ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$81,060 Top 33% higher than 67% of 1,642 Pennsylvania ZIPs
Each bar is a $20K-wide band; taller bars hold more Pennsylvania ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
10,568housing units
10,568
Total Housing Units
10,144
Occupied Units
424
Vacant Units
2.34
Avg Household Size
Occupancy Type
$237,300
Median Home Value
+4% vs state ZIP avg
$1,216
Median Rent
1979
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
+7.0%
YoY Change (2024)
218
HPI Index (2000 = 100)
+118%
Total Change Since 2000
Home values in ZIP 16506 have increased 7.0% over the past year (2024). Since 2000, this ZIP has seen +118% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.4% | 149 |
| 2021 | +12.6% | 168 |
| 2022 | +13.6% | 191 |
| 2023 | +7.0% | 204 |
| 2024 | +7.0% | 218 |
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 622 business establishments in ZIP 16506, employing approximately 10,383 people with a combined annual payroll of $496,393,000.
622
Businesses
10,383
Employees
$496.4M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 98 | 15.8% |
| Retail trade | 69 | 11.1% |
| Other services (except public administration) | 68 | 10.9% |
| Professional, scientific, and technical services | 65 | 10.4% |
| Manufacturing | 56 | 9.0% |
| Finance and insurance | 46 | 7.4% |
| Construction | 44 | 7.1% |
| Accommodation and food services | 36 | 5.8% |
| Real estate and rental and leasing | 32 | 5.1% |
| Wholesale trade | 31 | 5.0% |
| Administrative and support and waste management and remediation services | 29 | 4.7% |
| Transportation and warehousing | 12 | 1.9% |
| Educational services | 11 | 1.8% |
| Arts, entertainment, and recreation | 10 | 1.6% |
| Information | 7 | 1.1% |
| Management of companies and enterprises | 6 | 1.0% |
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 16506 vs 16505 →
ZIP 16506 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16509
Erie (16509)
26,810 residents
- 16506
Erie (16506)
23,720 residents
- 16504
Erie (16504)
17,322 residents
- 16505
Erie (16505)
17,168 residents
- 16502
Erie (16502)
16,664 residents
- 16508
Erie (16508)
16,050 residents
- 16507
Erie (16507)
11,088 residents
- 16415 8,916
Fairview (16415)
8,916 residents
- 16426 3,730
Mc Kean (16426)
3,730 residents
What this shows Among its immediate neighbors, ZIP 16506 ranks #2 by population - useful context the national average alone can't give.
ZIP 16506 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16415
Fairview (16415)
$108,214 median income
- 16506
Erie (16506)
$81,060 median income
- 16426
Mc Kean (16426)
$80,135 median income
- 16505
Erie (16505)
$72,938 median income
- 16509
Erie (16509)
$68,846 median income
- 16504
Erie (16504)
$56,622 median income
- 16508
Erie (16508)
$56,391 median income
- 16502 $38,566
Erie (16502)
$38,566 median income
- 16507 $33,361
Erie (16507)
$33,361 median income
What this shows By household income, ZIP 16506 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 16505 | Erie, PA | 17,168 | 3.5 mi |
| 16508 | Erie, PA | 16,050 | 3.8 mi |
| 16426 | Mc Kean, PA | 3,730 | 5.8 mi |
| 16502 | Erie, PA | 16,664 | 4.2 mi |
| 16415 | Fairview, PA | 8,916 | 4.6 mi |
| 16509 | Erie, PA | 26,810 | 5.7 mi |
| 16501 | Erie, PA | 2,044 | 5.1 mi |
| 16507 | Erie, PA | 11,088 | 6.0 mi |
| 16546 | Erie, PA | 1,154 | 5.8 mi |
| 16504 | Erie, PA | 17,322 | 6.2 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 16506, both outside PA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (23,720 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Erie County
Related Areas
Frequently Asked Questions
What county is ZIP code 16506 in?
ZIP code 16506 (Erie) is located in Erie County, Pennsylvania. Erie County contains multiple ZIP codes, see the full list at /counties/erie-pa.
What is the population of ZIP code 16506?
ZIP code 16506 in Erie, PA has a population of 23,720 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 16506?
The median household income in ZIP 16506 is $81,060, which is 6% above the national average of $76,288.
What is the average home value in ZIP 16506?
The median home value in ZIP 16506 is $237,300, which is 15% below the national average of $278,155.
What is the demographic makeup of ZIP 16506?
The largest racial group in ZIP 16506 is White at 87.8%. Hispanic or Latino residents make up 2.4% of the population.
How many businesses are in ZIP code 16506?
ZIP code 16506 has 622 business establishments employing approximately 10,383 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 16506?
The top industries by establishment count in ZIP 16506 are: Health care and social assistance (98), Retail trade (69), Other services (except public administration) (68). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 16506?
According to the FHFA House Price Index, home values in ZIP 16506 increased by 7.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 118%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 16506?
In ZIP code 16506, 69.2% of residents aged 25+ have a high school diploma or higher, and 39.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 16506?
The mean commute time for workers in ZIP code 16506 is 17.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 16506?
In ZIP code 16506, approximately 68.5% of occupied housing units are owner-occupied and 31.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 16506?
The poverty rate in ZIP code 16506 is 8.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 16506's numbers, next.
- See how ZIP 16506 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Erie, PA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.