The housing market in the Philadelphia-Camden-Wilmington, PA Metro Area is strong and growing. The median value of homes in the area is $325,300, which is slightly lower than the US median value of houses at $338,100. However, its house appreciation rate of 10.93% over the last year has been higher than that of the national average of 8.27%, indicating a robust real estate market in this region. With affordability and growth potential, it's an attractive location to consider for those looking to purchase a home.
The median home cost in Philadelphia-Camden-Wilmington Metro Area is $325,300. Home appreciation the last 10 years has been 67.0%. Home Appreciation in Philadelphia-Camden-Wilmington Metro Area is up 12.6%.
Average Age of Homes
- The median age of Philadelphia-Camden-Wilmington Metro Area real estate is 54 years old
The Rental Market in Philadelphia-Camden-Wilmington Metro Area
- Renters make up 29.3% of the Philadelphia-Camden-Wilmington Metro Area population
- 1.7% of houses and apartments in Philadelphia-Camden-Wilmington Metro Area, 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.