Philadelphia: Housing & Real Estate
Homes in Philadelphia carry a median value of $243,100 (estimated market value runs 11% higher at $269,945), with median rent $1,397 (about the same as Philadelphia County median $1,397; 1.2× higher than Pennsylvania median $1,209). Homeownership rate: 51.8%. That's about the same as the Philadelphia County median ($243,100); about the same as the Pennsylvania median ($254,500). Market is warm. Vacancy rate 9.5%. New construction makes up 6.1% of stock. 51 nursing facilities on file. A municipal building code is in effect.
- 3.9× annual income — home value vs. household income (vs Pennsylvania 3.7×).
- 14.5 years to break even renting at the median (vs Pennsylvania 15y).
- 4-BR rent is 1.7× a studio — rent gradient by unit size.
- Median rent 22% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $243,100 — 1.1× the Pennsylvania median ($227,900). Median rent $1,397/month. homeownership rate 51.8% — below the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 3.9× |
|---|---|
| Affordability · Rent To Income Pct | 27.1% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | affordable |
| Fair Market Rent · Studio rent | $1,397 (vs Pennsylvania $1,086) |
| Fair Market Rent · One-bedroom rent | $1,520 (vs Pennsylvania $1,212) |
| Fair Market Rent · Two-bedroom rent | $1,810 (vs Pennsylvania $1,526) |
| Fair Market Rent · Three-bedroom rent | $2,170 (vs Pennsylvania $1,937) |
| Fair Market Rent · Four-bedroom rent | $2,423 (vs Pennsylvania $2,020) |
| Fair Market Rent · HUD FMR area | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $269,945 |
| Median Home Value | $243,100 (vs Pennsylvania $227,900) |
| Median Rent | $1,397 (vs Pennsylvania $1,261) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 9.5% |
| Housing Market · New construction (% of stock) | 6.1% |
| Housing Market · Price Appreciation 2Yr | 4.6% |
| Housing Orgs · Total count | 217 |
Sources: IRS BMF NTEE L
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Pennsylvania median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Pennsylvania median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Pennsylvania median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 81.6% (at Pennsylvania median) |
| Broadband · Broadband-capable premises | 805,564 |
| Electricity · Electricity rate (¢/kWh) | 17.77¢/kWh |
| Electricity · Customers | 5534580 |
| Electricity · Revenue Millions | $9,642 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Pennsylvania median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Pennsylvania median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · Refreshed 2026-04-12
Charging & Mobility
| Ev Charging · Stations | 166 |
|---|---|
| Ev Charging · Public Stations | 159 |
| Ev Charging · L2 Ports | 369 |
| Ev Charging · Dc Fast Ports | 120 |
Sources: DOE AFDC API
Other
| Homeownership Rate | 51.8% (vs Pennsylvania 54.1%) |
|---|---|
| Median Year Built | 1949 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12