House Prices

Erie Erie, MI House Prices & Home Values 2026


Average Data

average house price$172,736
average size per house1475 ft²
average price per ft²128 $ / ft²

04/05/2026 - The value range (VR) for house prices in Erie Erie, MI is $121.6/ sqft to $134.4/ sqft. An average home with 1475 sqft costs approximately $195,324 to $215,884. Erie, MI includes 1 ZIP codes and it is located in Monroe county. The lowest prices are found in ZIP 48133, while the highest are in ZIP 48133. The average price per sqare feet is $128. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Erie Erie

48133137 $ / ft²




Historical development of home values in Erie Erie

Year Estimated value (USD) Change vs. 2025
2010 $80,222 -53.6%
2011 $77,120 -55.4%
2012 $76,912 -55.5%
2013 $79,787 -53.8%
2014 $83,754 -51.5%
2015 $88,053 -49.0%
2016 $92,648 -46.4%
2017 $97,648 -43.5%
2018 $103,047 -40.3%
2019 $107,825 -37.6%
2020 $113,399 -34.4%
2021 $128,979 -25.3%
2022 $150,361 -13.0%
2023 $158,562 -8.2%
2024 $167,735 -2.9%
2025 $172,736 0.0%

Graph: estimated home values in Erie Erie over time (USD)



Example: 100% financing house in Erie Erie

Loan amount: $172,736

Interest rate: 6.53%

Fixed monthly payment: $1,095.67

Breakdown in the 1st month:
Interest portion: $940.55  –  Principal portion: $155.13

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,229.80 $1,918.29 $170,817.71
2 $11,100.63 $2,047.46 $168,770.25
3 $10,962.77 $2,185.32 $166,584.93
4 $10,815.63 $2,332.46 $164,252.47
5 $10,658.58 $2,489.51 $161,762.96
6 $10,490.95 $2,657.14 $159,105.82
7 $10,312.04 $2,836.05 $156,269.77
8 $10,121.08 $3,027.01 $153,242.76
9 $9,917.26 $3,230.83 $150,011.93
10 $9,699.72 $3,448.37 $146,563.57
11 $9,467.54 $3,680.55 $142,883.01
12 $9,219.71 $3,928.38 $138,954.63
13 $8,955.21 $4,192.88 $134,761.75
14 $8,672.89 $4,475.20 $130,286.55
15 $8,371.56 $4,776.53 $125,510.02
16 $8,049.94 $5,098.15 $120,411.87
17 $7,706.67 $5,441.42 $114,970.45
18 $7,340.29 $5,807.81 $109,162.64
19 $6,949.23 $6,198.86 $102,963.78
20 $6,531.84 $6,616.25 $96,347.54
21 $6,086.35 $7,061.74 $89,285.80
22 $5,610.87 $7,537.22 $81,748.58
23 $5,103.37 $8,044.72 $73,703.85
24 $4,561.69 $8,586.40 $65,117.46
25 $3,983.55 $9,164.54 $55,952.91
26 $3,366.47 $9,781.62 $46,171.30
27 $2,707.85 $10,440.24 $35,731.06
28 $2,004.88 $11,143.21 $24,587.85
29 $1,254.58 $11,893.51 $12,694.33
30 $453.76 $12,694.33 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Erie Erie, MI


1500 sqft3900 sqft
Ø selling price$252,997$538,193
Ø fast selling$229,997$484,374
Ø high price sale$275,997$592,012

In 2026, houses in Erie Erie, MI will be offered at an average price of $128 per square foot. A 1,500 sqft home priced at $252,997 is 25.05% more expensive per square foot than a 3,900 sqft home priced at $538,193. Home prices in Erie Erie, MI vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $372,595. Sellers who can wait longer may achieve a higher price of up to $455,394.


Erie Neighborhood Guide (Erie, MI)

Overview

The neighborhood of Erie, MI in Monroe County blends small?town charm with easy access to Lake Erie.

Location & Accessibility

Positioned at Michigan?s southern tip on the Ohio border, Erie offers quick commutes via I?75 and US?24 to Toledo and Monroe.

Outdoors & Lake Life

Nature lovers frequent the Erie Marsh Preserve for birding, boardwalks, and sweeping Lake Erie wetlands.
Boating, fishing, and nearby kayak launches make waterfront recreation a weekend staple.

Local Flavor & Amenities

Local farms and the beloved Erie Orchards & Cider Mill provide seasonal U?pick fruit, fresh cider, and family festivals.

Everyday conveniences include small eateries and service shops, with bigger retail just minutes away in Toledo or Monroe.

Housing & Real Estate

Real estate in Erie Township spans quiet country properties, practical subdivision homes, and occasional lakeside opportunities, attracting first?time buyers and downsizers.

Schools & Community

The area is served by Mason Consolidated Schools, offering a close?knit feel and strong community involvement.

Lifestyle & Value

Residents value the slower pace, competitive housing costs compared with larger metro suburbs, and a calendar of hometown events.

Why Move to Erie, MI

If you?re exploring homes for sale in Erie, MI, you?ll find a relaxed lifestyle with Lake Erie recreation and convenient access to big?city jobs.



FAQ – Home Values in Erie Erie

What is the median home value in Erie Erie in 2026?

In 2026, the typical home value in Erie Erie is about $172,736 for an average home size of 1475 square feet. This corresponds to an average price of roughly $128 per square foot.

What is the average cost per square foot in Erie Erie?

In 2026, homes in Erie Erie sell for an average of around $128 per square foot, with a typical range between $121.6 and $134.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Erie?

The average home size in Erie Erie is about 1475 square feet, with an estimated 2026 value around $172,736.



Neighborhoods close to Erie Erie, MI

Unadilla Gregory, MI120 $ / ft²
Burton Hollow Estates Livonia, MI152 $ / ft²
Detroit Beach Monroe, MI123 $ / ft²
Golfview Manor Dearborn Heights, MI138 $ / ft²
Downtown Brighton Brighton, MI174 $ / ft²
The Orchards Washington, MI194 $ / ft²
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