Renters in Erie saw apartment listing prices decrease 10% from last year’s median of $1,116, an analysis of new data from rental marketplace Zumper shows.
The typical apartment listed for rent at $1,000 in November. Median listing prices in Erie are trending 5% downwards from last month’s $1,050 price.
The data covers all bedroom sizes, ranging from studios to four-bedroom units, within the specified metropolitan area. It reflects the median rent for all listings that were active at any given point during the month, according to Russell Middleton, co-founder of Zumper. New construction is included in the data and listings that are currently occupied or no longer available are excluded.
Out of 294 rental listings in Erie, five are subsidized. When those are excluded, the overall median rent for listed apartments goes to $1,000 .
One-bedroom apartments listed to rent at a median of $800, no change since October, when they were $800Since last year, one-bedroom rental prices slightly dropped from $840.
Two-bedroom apartments listed for rent were 4% lower than October at a central price of $1,072, compared to $1,121. Since last year, two-bedroom rental prices dropped 11% from $1,200.
Statewide, Pennsylvania rental listing prices are unchanged since October’s median of $1,550. One-bedroom rentals were listed for a typical price of $1,288, essentially the same as October’s average of $1,287. Two-bedroom rental listing prices are nearly the same as October’s central price of $1,550.
In Erie, the typical apartment listed for rent is 35% below the state median. One-bedroom rentals were 38% below the state median, while two-bedrooms listed 31% below.
Nationwide, apartment rental listing prices are essentially unchanged from last month’s $1,895. One-bedroom rentals across the nation listed for a typical price of $1,513, nearly the same as last month, while two-bedroom rental listing prices approximately the same as last month’s median of $1,800.
In Erie, the typical apartment listed for rent is 47% below the national median. One-bedroom apartment rentals listed 47% below the national median, with two-bedroom rentals listed 40% below.
The median apartment rental prices used in this report are gathered from Zumper, which aggregates over one million active listings posted by brokers and landlords to Zumper’s Landlord Platform and third-party listings from MLS providers to calculate median asking rents. Read more about their rent estimate methodology here.
USA TODAY Co. is publishing localized versions of this story on its news sites across the country, generated with data from Zumper . Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Erie Times-News: Erie apartments for rent saw price decreases since last November