ZIP Code 16508

standard

Source:

Erie · Erie County · Pennsylvania

Population
16,050

2,192/sq mi

Median income
$56,391

▼ 26% vs US

higher than 23% of US ZIPs

Median home value
$132,500

▼ 52% vs US

higher than 20% of US ZIPs

Bachelor's or higher
30.0%

Median age 37.6

Land area
7.3 sq mi

New York

ZIP code 16508 in Erie, Pennsylvania has a population of 16,050. The median household income is $56,391, which is 26% below the national average. Median home value is $132,500, 52% below the US average. 30.0% of residents hold a bachelor's degree or higher.

ZIP code 16508 is classified by USPS as a standard delivery area and covers roughly 7.3 square miles in Erie, Erie County, Pennsylvania. The area is home to 16,050 residents, producing a population density of 2,192 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 16508 against Pennsylvania and the nation.

On the economic side, the median household income for ZIP 16508 sits at $56,391 (28% below the Pennsylvania average), while per-capita income is $32,389. The poverty rate stands at 12.1% and the unemployment rate at 5.3%. On housing, the median home value is $132,500 (42% below the state average) with median rent at $880 per month, and 68.6% of occupied units are owner-occupied, a direct signal of whether 16508 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 30.0% of adults hold a bachelor's degree or higher, the median age is 37.6, 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 16508 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 16508

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 16508.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 16508, 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

16,050

Population

7.3

Area (sq mi)

2,192

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 16508?

37.6

Median Age

46.6%

Male

53.4%

Female

3.5%

Foreign-Born

White 83.2%
African American 4.8%
Asian 1.2%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 10.0%
Hispanic or Latino 4.1%

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?

$56,391

Median Household Income

-28% vs state

$32,389

Per Capita Income

12.1%

Poverty Rate

5.3%

Unemployment Rate

17.9 min

Mean Commute Time

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 66.2%
Bachelor's Degree or Higher 30.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

7,285

Total Housing Units

6,791

Occupied Units

494

Vacant Units

2.17

Avg Household Size

Occupancy Type

Owner 68.6%
Renter 31.4%

$132,500

Median Home Value

-42% vs state

$880

Median Rent

1949

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+5.0%

YoY Change (2024)

205

HPI Index (2000 = 100)

+105%

Total Change Since 2000

Home values in ZIP 16508 have increased 5.0% over the past year (2024). Since 2000, this ZIP has seen +105% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.8% 132
2021 +14.2% 150
2022 +13.4% 171
2023 +14.4% 195
2024 +5.0% 205

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 370 business establishments in ZIP 16508, employing approximately 4,340 people with a combined annual payroll of $153,492,000.

370

Businesses

4,340

Employees

$153.5M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 75 20.3%
Other services (except public administration) 64 17.3%
Retail trade 51 13.8%
Accommodation and food services 34 9.2%
Professional, scientific, and technical services 32 8.7%
Finance and insurance 28 7.6%
Construction 24 6.5%
Administrative and support and waste management and remediation services 12 3.2%
Wholesale trade 10 2.7%
Manufacturing 8 2.2%
Real estate and rental and leasing 8 2.2%
Information 7 1.9%
Arts, entertainment, and recreation 6 1.6%
Transportation and warehousing 5 1.4%
Educational services 4 1.1%

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 16508 vs 16502 →

ZIP Code City Population Distance
16502 Erie, PA 16,664 1.1 mi
16501 Erie, PA 2,044 1.7 mi
16507 Erie, PA 11,088 2.8 mi
16546 Erie, PA 1,154 2.1 mi
16504 Erie, PA 17,322 2.4 mi
16503 Erie, PA 16,850 2.7 mi
16505 Erie, PA 17,168 3.1 mi
16509 Erie, PA 26,810 3.7 mi
16506 Erie, PA 23,720 3.8 mi
16563 Erie, PA 1,621 5.7 mi

More ZIP Codes in Erie County

Frequently Asked Questions

What county is ZIP code 16508 in?
ZIP code 16508 (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 16508?
ZIP code 16508 in Erie, PA has a population of 16,050 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 16508?
The median household income in ZIP 16508 is $56,391, which is 26% below the national average of $76,288.
What is the average home value in ZIP 16508?
The median home value in ZIP 16508 is $132,500, which is 52% below the national average of $278,155.
What is the demographic makeup of ZIP 16508?
The largest racial group in ZIP 16508 is White at 83.2%. Hispanic or Latino residents make up 4.1% of the population.
How many businesses are in ZIP code 16508?
ZIP code 16508 has 370 business establishments employing approximately 4,340 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 16508?
The top industries by establishment count in ZIP 16508 are: Health care and social assistance (75), Other services (except public administration) (64), Retail trade (51). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 16508?
According to the FHFA House Price Index, home values in ZIP 16508 increased by 5.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 105%. 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 16508?
In ZIP code 16508, 66.2% of residents aged 25+ have a high school diploma or higher, and 30.0% 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 16508?
The mean commute time for workers in ZIP code 16508 is 17.9 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 16508?
In ZIP code 16508, approximately 68.6% of occupied housing units are owner-occupied and 31.4% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 16508?
The poverty rate in ZIP code 16508 is 12.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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.

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