The Most Affordable Neighborhoods in Oak Lane, Philadelphia, PA by Home Value

 

Oak Lane, Philadelphia, PA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Oak Lane area can be challenging. Home prices in Oak Lane are now at a median cost of $162,979, lower than the Philadelphia average of $296,499.

The average cost of rent is $1,038/mo in Oak Lane, primarily driven by the current value of real estate in the Oak Lane area. While nearly 35.29% of residents own their homes outright in Oak Lane, 36.78% rent.

Housing affordability isn’t just about home prices, though. The average household income in Oak Lane is $4,262 per month. Households that rent pay about 24.37% of their income on rent here. Oak Lane's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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