16421 — Erie County, Pennsylvania Market Snapshot
Housing market data for zip code 16421 in Erie County, Pennsylvania. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Erie County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$291,450
Days to Sell
31
Homes Sold
6
Inventory
1
Conforming Loan Available
Most homebuyers in 16421 can comfortably use conventional financing. The median home price of $291,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
16421's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 16421 can comfortably use conventional financing. The median home price of $291,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 16421 are set at the county level.
2026 Loan Limits — Erie County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 16421
To purchase the median home at $291,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,383.
Monthly Payment
$2,383
Income Required
$102,128
Principal & Interest
$1,796/mo
Down Payment (5%)
$14,573
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 16421.
Estimated Monthly Payment
$1,954
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