The Most Affordable Neighborhoods in Grays Ferry, Philadelphia, PA by Home Value

 

Grays Ferry, Philadelphia, PA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Grays Ferry area can be challenging. Home prices in Grays Ferry are now at a median cost of $156,710, lower than the Philadelphia average of $296,499.

The average cost of rent is $989/mo in Grays Ferry, primarily driven by the current value of real estate in the Grays Ferry area. While nearly 49.23% of residents own their homes outright in Grays Ferry, 52.17% rent.

Housing affordability isn’t just about home prices, though. The average household income in Grays Ferry is $3,710 per month. Households that rent pay about 26.66% of their income on rent here. Grays Ferry's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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