Philadelphia, Pennsylvania Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Philadelphia, Pennsylvania
50 ZIPs in this city:
19101
19102
19103
19104
19105
19106
19107
19108
19109
19110
19111
19112
19113
19114
19115
19116
19118
19119
19120
19121
19122
19123
19124
19125
19126
19127
19128
19129
19130
19131
19132
19133
19134
19135
19136
19137
19138
19139
19140
19141
19142
19143
19144
19145
19146
19147
19148
19149
19150
19151
Market Hotness
39
Hotness Rank
--
Hotness Score
39
Supply Score
56
Demand Score
22
DOM vs US
-4.8%
Faster
Price vs US
77%
Below avg
Median Listing Price
$306K
Population
1,497,430
Households
748,270
Median Days on Market
52
Active Listings
4,712
New Listings
1,946
Housing Market
Pricing
Median Listing Price
$306K
-6.4% YoY
Average Listing Price
$401K
-9.4% YoY
Price per Sq Ft
$228.748
-5.6% YoY
Median Sq Ft
1,307
-1.8% YoY
Inventory
Active Listings
4,712
+6.3% YoY
New Listings
1,946
+15.1% YoY
Total Listings
6,858
+3.3% YoY
Buyer Competition
Pending Listings
2,140
-2.9% YoY
Pending Ratio
0.45
-8.9% YoY
Median Days on Market
52
-9.7% YoY
Price Reduced
18.1%
-11.0% YoY
Units & Occupancy
2024 Occupancy
748K
units
Occupied
679,428
90.8%
Vacant
68,842
9.2%
2024 Tenure
679K
occupied
Owner
351,905
51.8%
Renter
327,523
48.2%
Renter Share
48.2%
+1.1% YoY
Total Housing Units
748,270
+1.2% YoY
FY2026 Fair Market Rent — Philadelphia County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,397
/month
1 BR
$1,520
/month
2 BR
$1,810
/month
3 BR
$2,170
/month
4 BR
$2,423
/month
FMR Trends — Philadelphia County
Source: HUD Fair Market Rents
Demographics
Median Age
35.3
2024
Population
Total Population
1,497,430
-0.2% YoY
Philadelphia County Population
1,573,916
+0.7% YoY
Households
Total Households
679,428
+1.5% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.26
-1.3% YoY
Age
2024 Age Mix
1.6M
residents
Under 18
334,799
21.2%
Adults 18–64
1,012,789
64.1%
65 & Over
232,118
14.7%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
334,799
-1.2% YoY
Population 65 & Over
232,118
+2.2% YoY
Median Age
35.30
+0.6% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
86.5%
Moved (within US)
12.6%
Other
0.9%
Veterans
3.7%
-7.5% YoY
Economy
Income
Median Household Income
$62K
+2.1% YoY
Per-Capita Income
$39K
+3.3% YoY
Mean Household Income
$90K
+2.2% YoY
Poverty
Below Poverty Level
21.4%
-2.7% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
46.7%
Public transit
17.9%
Worked from home
16.4%
Other
19.0%
Worked From Home
18.4%
+12.2% YoY
Mean Commute
31.70
-0.9% YoY
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