Market Overview
Home Prices in Cranesville, PA
The median home value in Cranesville, PA is $241,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cranesville are priced41% below average. Cranesville is part of the Erie, PA metro area.
Over the past five years, Cranesville home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Cranesville Home Price Trend
City Comparison
Cranesville vs. National Median
At $241,463, homes in Cranesville cost 41% below the national median of $410,000. This makes Cranesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cranesville?
20% Down Payment
$48,293
on $241,463
Monthly P&I
$1,259/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,599/mo
incl. taxes & insurance
Income Needed
$63,960
gross annual (30% rule)
10% Down Option
$24,146
+ PMI applies
Loan Amount (20% dn)
$193,170
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cranesville, PA?
The median home value in Cranesville is $241,463 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Cranesville?
Over the past year, home values in Cranesville have increased by 7.1%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Cranesville?
To comfortably afford the median home price of $241,463 with a 20% down payment ($48,293) at today's rates (6.8%), you'd need a gross annual income of approximately $63,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Cranesville compare to the national average home price?
The national median home value is approximately $410,000. At $241,463, homes in Cranesville are 41% below the national average.
What metro area is Cranesville part of?
Cranesville is part of the Erie, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.