Philadelphia County, Pennsylvania Housing Market Prices
Philadelphia County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 38% above the Pennsylvania median More expensive than 80% of counties in Pennsylvania$209,765
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Median rent 16% above the Pennsylvania median Among the 5 most expensive counties in Pennsylvania$1,396
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Philadelphia County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,765 | $152,469 | $248,835 |
| Price Trend (Annual %) | 7.2% | 3.7% | 7.5% |
| Median Gross Rent | $1,396 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Philadelphia County is about 38% higher than in Pennsylvania. Rent is about 16% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Philadelphia County, up about 7.2% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Philadelphia County rose about 51.5% between 2015 and 2024, from $922 to $1,396. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Philadelphia County.
Buying the median-priced home in Philadelphia County costs roughly 12.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Philadelphia County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Philadelphia County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,765 | $152,469 | $248,835 |
| Median Household Income | $62,185 | $78,249 | $80,455 |
| Price-to-Income Ratio | 3.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Philadelphia County rose about 69.2%, while median household income rose about 65.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Philadelphia County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 63.0% | 58.5% |
| Rental Rate | 43.8% | 27.9% | 31.2% |
| Vacancy Rate | 9.2% | 9.1% | 10.2% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Philadelphia County has a homeownership rate of 47.0%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 9.2%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Philadelphia County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1954 | 1966 | 1978 |
| Median Number of Rooms | 5.4 | 6.0 | 5.5 |
The typical housing unit in Philadelphia County was built around 1954. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Philadelphia County, PA Housing Compared With Nearby Counties
Philadelphia County, PA is the largest of the 6 counties compared here, 1,579,069 residents against a local median of 578,234. Philadelphia County, PA's homeownership, at 51.8%, runs 27% below the 71.4% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 15.4% on homeownership, so Philadelphia County, PA sits at one end of an already wide local range rather than apart from it. Philadelphia County, PA has the 6th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Philadelphia County, PA | 1,579,069 | $209,765 #4/6 | $1,396 #5/6 | 51.8% #6/6 |
| Camden County, NJ | 526,561 | $239,503 | $1,402 | 64.7% |
| Delaware County, PA | 578,234 | $194,369 | $1,372 | 69.6% |
| Gloucester County, NJ | 306,962 | $186,863 | $1,530 | 80.1% |
| Montgomery County, PA | 867,535 | $273,761 | $1,683 | 71.4% |
| Bucks County, PA | 647,283 | $248,394 | $1,605 | 77.8% |
Frequently Asked Questions
Common questions about the housing market in Philadelphia County, Pennsylvania.
What is the median home price in Philadelphia County, Pennsylvania?
The median home price in Philadelphia County, Pennsylvania is $209,765, higher than the Pennsylvania average of $152,469.
What is the average home price in Philadelphia County, Pennsylvania?
The typical home price in Philadelphia County, Pennsylvania, reported as the median sale price, is $209,765. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Philadelphia County, Pennsylvania?
The median gross rent in Philadelphia County, Pennsylvania is $1,396 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Philadelphia County in 2020?
In 2020, the median gross rent in Philadelphia County, Pennsylvania was $1,083 per month.
What is the price-to-rent ratio in Philadelphia County, Pennsylvania?
The price-to-rent ratio in Philadelphia County, Pennsylvania is about 12.5, meaning it would take roughly 12.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Philadelphia County.
Are home prices or rent rising faster in Philadelphia County, Pennsylvania?
Both home prices and rent are rising in Philadelphia County, up about 7.2% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Philadelphia County, Pennsylvania?
47.0% of households in Philadelphia County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Philadelphia County, Pennsylvania?
The housing vacancy rate in Philadelphia County, Pennsylvania is 9.2%, higher than the Pennsylvania average of 9.1%.
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