Philadelphia, PA has a median housing value of $205,900 which is lower than the US average of $338,100. Over the past year, the appreciation rate for homes in Philadelphia has been 6.96%, which is lower than the US 1 year appreciation rate of 8.27%. This indicates that housing prices in Philadelphia are generally lower than the national average and that house prices have been increasing relatively slowly in comparison to other cities in the US.
The median home cost in Philadelphia is $205,900. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Philadelphia is up 7.1%.
Average Age of Homes
- The median age of Philadelphia real estate is 71 years old
The Rental Market in Philadelphia
- Renters make up 40.8% of the Philadelphia population
- 2.5% of houses and apartments in Philadelphia, 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.