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 $143,459, lower than the Tennessee average of $218,916.
The average cost of rent is $779/mo in Philadelphia, primarily driven by the current value of real estate in the Philadelphia area. While nearly 47.74% of residents own their homes outright in Philadelphia, 18.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Philadelphia is $5,089 per month. Households that rent pay about 15.31% of their income on rent here. Philadelphia's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Northpoint, TN: equally priced homes
- Sweetwater, TN: equally priced homes
- Fochee, TN: higher priced homes
- Rockville, TN: higher priced homes
- Loudon, TN: higher priced homes
- Paint Rock, TN: higher priced homes
- Dogwood, TN: higher priced homes
- Riddles Store, TN: equally priced homes
- Hiwassee College, TN: higher priced homes
- Erie, TN: equally priced homes
Cities with Similar Populations
- Warrenton, NC: less expensive homes
- Washington, GA: less expensive homes
- Webster, FL: equally priced homes
- Watseka, IL: less expensive homes
- White Pigeon, MI: equally priced homes
- Watertown, MN: higher priced homes
- Dolores, CO: higher priced homes
- Dewey, OK: less expensive homes
- DeWitt, AR: less expensive homes
- Dexter, NM: less expensive homes
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