Philadelphia
Pennsylvania · Ranked #303 of 373 metros
50Moderate
💡
Housing in Philadelphia costs 4.11× the median income, below the national average of 4.5×. The median home price is $357K and median rent is $1,456/month. Philadelphia ranks #303 of 373 metros for affordability.
Median Home Price
🏠$357K
Need $89K income
Median Rent
🔑$1,456
Need $54K income
Housing Shortage
📉65,000
units needed
Building Permits
🔨12,000
annual
Median Income
💰$87K
Pop: 6,228,601
Rent Burden
⚠️33.0%
of renters paying >30%
Price Change (YoY)
📈+4%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Philadelphia | National |
|---|---|---|
| Price-to-Income Ratio | 4.11x | 6.1x |
| Rent Burden | 33.0% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Price Change | +4% | +3.5% |
| YoY Rent Change | +3.2% | +2.8% |
| Mortgage Denial Rate | 14.5% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +47.8%Since 2000: +249.5%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,397/mo
1 Bedroom$1,520/mo
2 Bedroom$1,810/mo
3 Bedroom$2,170/mo
4 Bedroom$2,423/mo
Zillow Market Data
Home Value (ZHVI)
$376K
1yr: +2.6%5yr: +34.4%
Rent (ZORI)
$1,859/mo
1yr: +3.0%5yr: +28.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$281K
Active Inventory
5,277
Days on Market
62
Sold Above List
22.5%
Price Drops
21.1%