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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −7.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +21.5% YoY, is the number to watch.
The median listing price is down 7.4% YoY while the median home got up 3.1% bigger, so value per square foot is down 12.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $275K purchase rents for $1,550/mo: 0.56% of price per month against the 1% rule's 1.00%.
Sales here take about 66 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (rented here, not sold), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 19104 itself, not its parent county.
Renters hold 83.1% of this ZIP's 21,088 occupied households, on a median household income of $39K.
| Measure | ZIP 19104 | Philadelphia County | Difference |
|---|---|---|---|
| Median Household Income | $39K | $62K | -$23K |
| Below Poverty Level | 36.8% | 21.4% | +15.4% |
| Median Age | 23.80 | 35.30 | -11.50 |
| Total Population | 55,172 | 1,579,706 | -- |
| Avg Household Size | 1.91 | 2.26 | -0.35 |
| Owner-Occupied | 16.9% | 51.8% | -34.9% |
| Worked From Home | 21.8% | 18.4% | +3.4% |
| Mean Commute | 25.60 | 31.70 | -6.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.2% to 1,579,706: residents under 18 are down 1.2% and those 65 and over are up 2.2%.
County median household income is $62K, 21.4% of residents are below the poverty level, 18.4% work from home.