The Most Affordable Neighborhoods in Chinatown, Philadelphia, PA by Home Value

 

Chinatown, Philadelphia, PA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chinatown area can be challenging. Home prices in Chinatown are now at a median cost of $458,417, higher than the Philadelphia average of $296,499.

The average cost of rent is $1,675/mo in Chinatown, primarily driven by the current value of real estate in the Chinatown area. While nearly 57.05% of residents own their homes outright in Chinatown, 77.51% rent.

Housing affordability isn’t just about home prices, though. The average household income in Chinatown is $6,305 per month. Households that rent pay about 26.56% of their income on rent here. Chinatown'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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