The Most Affordable Neighborhoods in Philadelphia, MO by Home Value

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 $144,916, lower than the Missouri average of $246,641.

The average cost of rent is $846/mo in Philadelphia, primarily driven by the current value of real estate in the Philadelphia area. In Philadelphia, 13.04% of households rent, and 57.93% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Philadelphia is $5,673 per month. Households that rent pay about 14.92% of their income on rent here. Philadelphia’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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