Philadelphia, PA Real Estate
Philadelphia anchors one of Pennsylvania's largest metro areas with a population of about 1,582,432. The median home value is near $232,400, and median rent runs around $1,323/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$232,400
Median Rent
$1,323/mo
Population
1,582,432
Median Income
$60,698
Median Age
35.1
Homeownership
52.3%
Monthly payment on a median Philadelphia home
Example for a $232,400 home: 20% down, 30-yr at ~6.75%, PA property tax ~1.49%, 0.4% insurance.
Est. monthly (PITI)
$1,572
Principal & interest
$1,206
Property tax / mo
$289
Down payment (20%)
$46,480
Philadelphia at a glance
- 19.4% of residents 25+ hold a bachelor's degree or higher.
- 52.3% of occupied homes are owner-occupied.
- Median household income is $60,698.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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