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 $155,640, lower than the New York average of $481,023.
The average cost of rent is $831/mo in Philadelphia, primarily driven by the current value of real estate in the Philadelphia area. While nearly 45.07% of residents own their homes outright in Philadelphia, 43.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Philadelphia is $3,894 per month. Households that rent pay about 21.35% of their income on rent here. Philadelphia's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Theresa, NY: equally priced homes
- Antwerp, NY: less expensive homes
- Evans Mills, NY: higher priced homes
- Great Bend, NY: less expensive homes
- Deferiet, NY: less expensive homes
- Orleans Four Corners, NY: less expensive homes
- Fort Drum, NY: equally priced homes
- Felts Mills, NY: less expensive homes
- Oxbow, NY: less expensive homes
- Herrings, NY: less expensive homes
Cities with Similar Populations
- Baudette, MN: higher priced homes
- Worton, MD: higher priced homes
- West Kinderhook, MI: less expensive homes
- Tushka, OK: less expensive homes
- Thompson, ND: higher priced homes
- Summer Shade, KY: less expensive homes
- Pedro, OH: less expensive homes
- Delaware City, DE: higher priced homes
- Deerfield, MI: equally priced homes
- Cowarts, AL: less expensive homes
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