Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Philadelphia area can be challenging. Home prices in Philadelphia are now at a median cost of $104,400, lower than the Illinois average of $242,002.
The average cost of rent is $969/mo in Philadelphia, primarily driven by the current value of real estate in the Philadelphia area. While nearly 55.92% of residents own their homes outright in Philadelphia, 24.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Philadelphia is $5,020 per month. Households that rent pay about 19.30% of their income on rent here. Philadelphia's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Ashland, IL: equally priced homes
- Yatesville, IL: higher priced homes
- Virginia, IL: equally priced homes
- Literberry, IL: higher priced homes
- Prentice, IL: higher priced homes
- Sinclair, IL: higher priced homes
- Chandlerville, IL: less expensive homes
- Tallula, IL: equally priced homes
- Newmansville, IL: less expensive homes
- Richland, IL: higher priced homes
Cities with Similar Populations
- Silver Creek, PA: less expensive homes
- Lehigh, PA: higher priced homes
- Leipsic Junction, OH: higher priced homes
- Leith, ND: less expensive homes
- Leona, KS: less expensive homes
- Lerado, KS: less expensive homes
- Leupp Corner, AZ: higher priced homes
- Levelock, AK: higher priced homes
- Lewisburg, AR: equally priced homes
- Leyden, ND: higher priced homes
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