House Prices

House Prices & Home Values Lake City, PA 2026


Average Data

average house price$234,200
average size per house1785 ft²
average price per ft²132 $ / ft²

05/31/2026 - The value range (VR) for house prices in Lake City, PA is $128/ sqft to $128/ sqft. An average home with 1785 sqft costs approximately $228,480 to $228,480. Lake City, PA includes 1 ZIP codes and it is located in Erie county. The lowest prices are found in ZIP 16423, while the highest are in ZIP 16423. The average price per sqare feet is $132. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Lake City

16423116 $ / ft²




Historical development of home values in Lake City

Year Estimated value (USD) Change vs. 2025
2010 $108,767 -53.6%
2011 $104,561 -55.4%
2012 $104,279 -55.5%
2013 $108,177 -53.8%
2014 $113,556 -51.5%
2015 $119,384 -49.0%
2016 $125,614 -46.4%
2017 $132,394 -43.5%
2018 $139,714 -40.3%
2019 $146,192 -37.6%
2020 $153,749 -34.4%
2021 $174,873 -25.3%
2022 $203,863 -13.0%
2023 $214,983 -8.2%
2024 $227,420 -2.9%
2025 $234,200 0.0%

Graph: estimated home values in Lake City over time (USD)



Example: 100% financing house in Lake City

Loan amount: $234,200

Interest rate: 6.00%

Fixed monthly payment: $1,404.15

Breakdown in the 1st month:
Interest portion: $1,171.00  –  Principal portion: $233.15

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,973.76 $2,876.00 $231,324.00
2 $13,796.38 $3,053.39 $228,270.61
3 $13,608.05 $3,241.72 $225,028.89
4 $13,408.11 $3,441.66 $221,587.23
5 $13,195.84 $3,653.93 $217,933.30
6 $12,970.47 $3,879.30 $214,054.01
7 $12,731.20 $4,118.56 $209,935.44
8 $12,477.18 $4,372.59 $205,562.85
9 $12,207.49 $4,642.28 $200,920.57
10 $11,921.16 $4,928.61 $195,991.97
11 $11,617.18 $5,232.59 $190,759.38
12 $11,294.44 $5,555.33 $185,204.05
13 $10,951.80 $5,897.97 $179,306.08
14 $10,588.03 $6,261.74 $173,044.34
15 $10,201.82 $6,647.95 $166,396.39
16 $9,791.79 $7,057.98 $159,338.41
17 $9,356.47 $7,493.30 $151,845.11
18 $8,894.30 $7,955.47 $143,889.64
19 $8,403.62 $8,446.15 $135,443.49
20 $7,882.68 $8,967.09 $126,476.40
21 $7,329.61 $9,520.16 $116,956.24
22 $6,742.43 $10,107.34 $106,848.90
23 $6,119.03 $10,730.74 $96,118.16
24 $5,457.18 $11,392.59 $84,725.57
25 $4,754.51 $12,095.26 $72,630.31
26 $4,008.50 $12,841.27 $59,789.04
27 $3,216.48 $13,633.29 $46,155.75
28 $2,375.61 $14,474.16 $31,681.59
29 $1,482.87 $15,366.90 $16,314.69
30 $535.08 $16,314.69 $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 Lake City, PA


1500 sqft3900 sqft
Ø selling price$239,581$509,653
Ø fast selling$217,801$458,687
Ø high price sale$261,361$560,618

In 2026, houses in Lake City, PA will be offered at an average price of $132 per square foot. A 1,500 sqft home priced at $239,581 is 20.84% more expensive per square foot than a 3,900 sqft home priced at $509,653. Home prices in Lake City, PA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $352,836. Sellers who can wait longer may achieve a higher price of up to $431,245.


Lake City, PA Overview

Lake City, PA is a small, welcoming borough in Erie County along the shores of Lake Erie.

Known for its family-friendly vibe and access to water, Lake City, Pennsylvania offers small-town charm with quick connections to Erie.

Outdoor Recreation

Outdoor enthusiasts love the fishing, kayaking, and birding opportunities, with Presque Isle State Park and nearby creeks providing year-round recreation.
The community park system features ballfields, playgrounds, and walking paths ideal for weekend picnics and fitness.

Downtown and Things to Do

A compact historic core supports local businesses, diners, and seasonal farm stands that showcase northwestern Pennsylvania flavors.
Popular things to do in Lake City include browsing artisan shops, sampling fresh-caught perch, and attending neighborhood events and festivals.

Housing and Real Estate

Housing and real estate in Lake City trend affordable compared with larger nearby markets, appealing to first-time buyers and retirees.
Steady property values, modest taxes, and a strong sense of community make the borough a smart long-term investment.

Schools, Transportation, and Climate

Families benefit from reputable local schools and easy commutes via U.S. Route 20 and Interstate 90, with Erie International Airport less than a half-hour away.
Four-season Lake Erie weather brings snowy winters and breezy summers, creating a classic Great Lakes lifestyle in ZIP code 16423.



FAQ – Home Values in Lake City

What is the median home value in Lake City in 2026?

In 2026, the typical home value in Lake City is about $234,200 for an average home size of 1785 square feet. This corresponds to an average price of roughly $132 per square foot.

What is the average cost per square foot in Lake City?

In 2026, homes in Lake City sell for an average of around $132 per square foot, with a typical range between $128 and $128 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lake City is about 1785 square feet, with an estimated 2026 value around $234,200.



Locations close to Lake City, PA

Linesville, PA133 $ / ft²
Mc Kean, PA125 $ / ft²
Mill Village, PA121 $ / ft²
Harmonsburg, PA116 $ / ft²
Harborcreek, PA121 $ / ft²
Grand Valley, PA131 $ / ft²
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