Philadelphia housing market
Typical home value
$386K
▲ 2.5% 1 yr
Typical rent
$1,903/mo
▲ 3.3% 1 yr
12-month forecast
+2.0%
#269 of 546 metros
Gross rent yield
5.9%
#277 of 546 · U.S. 6.3%
Days to pending
34 days
▲ +2 days 1 yr
Listings with a price cut
26%
▲ +1.6 pts 1 yr
Key takeaways
- 1The typical home is worth $386,048, up 2.5% in a year and up 28% over five years.
- 2Zillow forecasts home values rising 2.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,903/mo (+3.3% YoY), a 5.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,122/mo in principal and interest, $219 more than renting.
- 5Homes go under contract in 34 days (+2 days vs last year); 26% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 52/100, #108 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Philadelphia compares
| Measure | Philadelphia | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.5% | +1.2% | #248 |
| Home value, 5-yr change | +28.0% | +19.7% | |
| 12-month forecast | +2.0% | +1.1% | #269 |
| Rent, 1-yr change | +3.3% | +2.7% | #270 |
| Gross rent yield | 5.9% | 6.3% | #277 |
| Price-to-rent ratio | 16.9 | 15.8 | |
| Mortgage P&I on typical home | $2,122 | $2,012 | |
| Income needed to buy | $111,678 | $100,902 | |
| Days to pending | 34 | 56 |
Cities in the Philadelphia metro
45 cities with home value and rent data.
| Philadelphia | $232K | ■ 0.0% | $1,757 | ▲ 3.4% | 9.1% |
| Wilmington | $327K | ▲ 1.6% | $1,757 | ▲ 3.1% | 6.4% |
| Newark | $364K | ▲ 0.8% | $2,036 | ▲ 4.1% | 6.7% |
| West Chester | $663K | ▲ 3.4% | $2,277 | ▲ 3.0% | 4.1% |
| Camden | $149K | ▼ 3.2% | $1,787 | ▲ 0.8% | 14.4% |
| Norristown | $333K | ▲ 2.2% | $1,785 | ▲ 4.7% | 6.4% |
| Pottstown | $359K | ▲ 2.8% | $1,787 | ▲ 2.9% | 6.0% |
| Levittown | $399K | ▲ 3.1% | $1,836 | ▲ 0.9% | 5.5% |
| Lansdale | $502K | ▲ 2.1% | $1,969 | ▲ 1.4% | 4.7% |
| Coatesville | $392K | ▲ 2.5% | $1,579 | ▲ 4.4% | 4.8% |
| Sicklerville | $380K | ▲ 2.7% | $2,361 | ▲ 3.8% | 7.5% |
| Downingtown | $594K | ▲ 2.7% | $2,452 | ▲ 4.4% | 5.0% |
| Evesham Township | $497K | ▲ 3.4% | $2,461 | ▲ 4.3% | 5.9% |
| Elkton | $371K | ▲ 1.7% | $1,904 | ▼ 1.2% | 6.2% |
| Middletown | $534K | ▲ 1.7% | $2,705 | ▲ 3.5% | 6.1% |
| Phoenixville | $527K | ▲ 2.0% | $2,048 | ▲ 4.8% | 4.7% |
| Mt Laurel Township | $399K | ▲ 2.7% | $2,404 | ▲ 4.7% | 7.2% |
| Bear | $412K | ▲ 1.0% | $2,327 | ▲ 1.1% | 6.8% |
| Collegeville | $581K | ▲ 2.6% | $2,323 | ▲ 3.3% | 4.8% |
| Media | $631K | ▲ 2.9% | $2,431 | ▲ 6.1% | 4.6% |
| Quakertown | $448K | ▲ 4.1% | $1,866 | ▲ 2.1% | 5.0% |
| Drexel Hill | $319K | ▲ 2.5% | $1,682 | ▲ 3.6% | 6.3% |
| Langhorne | $589K | ▲ 3.4% | $2,471 | ▲ 2.7% | 5.0% |
| Malvern | $795K | ▲ 2.4% | $2,551 | ▲ 4.8% | 3.9% |
| King of Prussia | $499K | ▲ 2.6% | $2,234 | ▲ 3.9% | 5.4% |
| Wayne | $952K | ▲ 7.1% | $2,108 | ▲ 2.8% | 2.7% |
| North Wales | $540K | ▲ 2.6% | $1,913 | ▲ 1.8% | 4.3% |
| Royersford | $456K | ▲ 2.3% | $2,053 | ▲ 1.9% | 5.4% |
| Bryn Mawr | $921K | ▲ 7.0% | $2,525 | ▲ 4.1% | 3.3% |
| Glassboro | $368K | ▲ 3.2% | $2,749 | ▲ 1.2% | 9.0% |
| Jenkintown | $513K | ▲ 2.7% | $1,693 | ▲ 7.3% | 4.0% |
| Exton | $624K | ▲ 3.1% | $2,422 | ▲ 3.8% | 4.7% |
| Yardley | $693K | ▲ 3.8% | $2,770 | ▲ 5.0% | 4.8% |
| Blue Bell | $703K | ▲ 3.8% | $2,766 | ▲ 1.9% | 4.7% |
| Willow Grove | $414K | ▲ 1.9% | $2,241 | ▲ 4.3% | 6.5% |
| Pennsauken | $314K | ▲ 8.1% | $2,427 | ▲ 5.1% | 9.3% |
| Conshohocken | $481K | ▲ 1.4% | $2,534 | ▲ 3.4% | 6.3% |
| Hatfield | $484K | ▲ 2.4% | $1,517 | ▲ 0.4% | 3.8% |
| Wynnewood | $816K | ▲ 5.8% | $2,456 | ▲ 6.7% | 3.6% |
| North East | $395K | ▼ 0.1% | $1,833 | ▲ 1.6% | 5.6% |
| Haddonfield | $854K | ▲ 7.4% | $2,035 | ▲ 11.2% | 2.9% |
| Collingswood | $453K | ▲ 6.4% | $1,610 | ▲ 4.3% | 4.3% |
| Ardmore | $518K | ▲ 2.3% | $2,408 | ▼ 1.6% | 5.6% |
| Bala-Cynwyd | $686K | ▲ 5.1% | $2,304 | ▲ 4.8% | 4.0% |
| Wyncote | $464K | ▲ 2.0% | $2,028 | ▲ 3.6% | 5.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Philadelphia rental ($386K, $1,903/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Philadelphia home.
Rent vs buy
Is it cheaper to rent or buy in Philadelphia?
Renting out a property in Pennsylvania? See deposit limits, late fee rules and notice periods.
Other Pennsylvania metros
Pittsburgh, PA
$228K home$1,467 rent7.7% yield
▲ 0.2% 1 yr
Allentown, PA
$363K home$1,841 rent6.1% yield
▲ 3.2% 1 yr
Harrisburg, PA
$307K home$1,481 rent5.8% yield
▲ 2.6% 1 yr
Scranton, PA
$234K home$1,362 rent7.0% yield
▲ 2.3% 1 yr
Lancaster, PA
$386K home$1,575 rent4.9% yield
▲ 4.3% 1 yr
York, PA
$309K home$1,380 rent5.4% yield
▲ 3.4% 1 yr
Reading, PA
$311K home$1,551 rent6.0% yield
▲ 3.5% 1 yr
Erie, PA
$222K home$1,126 rent6.1% yield
▲ 4.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.