Philadelphia, PA 19116 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Philadelphia, PA — 19116
Market Hotness
86
Hotness Rank
#1,194
Hotness Score
86
Supply Score
98
Demand Score
75
DOM vs US
-31.3%
Faster
Price vs US
105%
Above avg
Median Listing Price
$450K
Population
33,654
Households
748,270
Median Days on Market
22
Active Listings
27
New Listings
20
Housing Market
Pricing
Median Listing Price
$450K
+9.3% YoY
Average Listing Price
$462K
+13.6% YoY
Price per Sq Ft
$261
-3.9% YoY
Median Sq Ft
1,702
+17.5% YoY
Inventory
Active Listings
27
-3.6% YoY
New Listings
20
-37.5% YoY
Total Listings
61
+5.2% YoY
Buyer Competition
Pending Listings
35
+13.1% YoY
Pending Ratio
1.28
+18.9% YoY
Median Days on Market
22
+17.6% YoY
Price Reduced
18.1%
+3.2% 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
ZIP Population
33,654
+0.7% 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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