Philadelphia, PA County is experiencing a booming housing market. The median value of a house in the county has risen to $223,800, which is significantly lower than the US median house value of $338,100. This affordability makes it an attractive market for potential buyers. Additionally, over the past year, houses in Philadelphia, PA County have appreciated by 10.17%, which is higher than the US average appreciation rate of 8.27%. With rising prices and continued appreciation in the area, now is a great time to consider purchasing property in Philadelphia.
The median home cost in Philadelphia County is $223,800. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Philadelphia County is up 7.1%.
Average Age of Homes
- The median age of Philadelphia County real estate is 71 years old
The Rental Market in Philadelphia County
- Renters make up 40.8% of the Philadelphia County population
- 2.5% of houses and apartments in Philadelphia County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.