The Most Affordable Neighborhoods in Rittenhouse Square, Philadelphia, PA by Home Value

 

Rittenhouse Square, Philadelphia, PA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Rittenhouse Square area can be challenging. Home prices in Rittenhouse Square are now at a median cost of $674,535, higher than the Philadelphia average of $296,499.

The average cost of rent is $1,837/mo in Rittenhouse Square, primarily driven by the current value of real estate in the Rittenhouse Square area. While nearly 55.54% of residents own their homes outright in Rittenhouse Square, 64.95% rent.

Housing affordability isn’t just about home prices, though. The average household income in Rittenhouse Square is $8,292 per month. Households that rent pay about 22.16% of their income on rent here. Rittenhouse Square's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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