The housing market in 19120 Philadelphia, PA is well below the national median value of $338,100, coming in at a median value of just $157,600. Despite this lower value, the appreciation rate for homes in 19120 Philadelphia still remains quite healthy at 6.96%. This number is still slightly below the national 1 year appreciation rate of 8.27%, but it still offers a higher rate of return than most other investments. With its low median value and steady appreciation rate, investing in housing in 19120 Philadelphia could be a great choice for those looking to get into the real estate market.
The median home cost in Philadelphia (zip 19120) is $157,600. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Philadelphia (zip 19120) is up 7.1%.
Average Age of Homes
- The median age of Philadelphia (zip 19120) real estate is 70 years old
The Rental Market in Philadelphia (zip 19120)
- Renters make up 39.1% of the Philadelphia (zip 19120) population
- 1.4% of houses and apartments in Philadelphia (zip 19120), 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.