The Most Affordable Neighborhoods in Chestnut Hill, Philadelphia, PA by Home Value

 

Chestnut Hill, Philadelphia, PA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chestnut Hill area can be challenging. Home prices in Chestnut Hill are now at a median cost of $576,900, higher than the Philadelphia average of $296,499.

The average cost of rent is $1,657/mo in Chestnut Hill, primarily driven by the current value of real estate in the Chestnut Hill area. While nearly 37.63% of residents own their homes outright in Chestnut Hill, 40.65% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chestnut Hill is $9,566 per month. Households that rent pay about 17.32% of their income on rent here. Chestnut Hill's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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