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These days, finding an affordable place to live in the South Philadelphia area can be challenging. Home prices in South Philadelphia are now at a median cost of $219,270, lower than the Philadelphia average of $296,499.
The average cost of rent is $1,274/mo in South Philadelphia, primarily driven by the current value of real estate in the South Philadelphia area. While nearly 40.24% of residents own their homes outright in South Philadelphia, 34.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Philadelphia is $5,302 per month. Households that rent pay about 24.03% of their income on rent here. South Philadelphia's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Girard Estates, Philadelphia, PA: higher priced homes
- Pennsport-Whitman-Queen, Philadelphia, PA: higher priced homes
- Wharton-Hawthorne-Bella Vista, Philadelphia, PA: higher priced homes
- Point Breeze-Philadelphia, Philadelphia, PA: higher priced homes
- Marconi Plaza-Packer Park, Philadelphia, PA: higher priced homes
- Bella Vista, Philadelphia, PA: higher priced homes
- Schuylkill Southwest, Philadelphia, PA: higher priced homes
- Grays Ferry, Philadelphia, PA: less expensive homes
- City Center East, Philadelphia, PA: higher priced homes
- Rittenhouse Square, Philadelphia, PA: higher priced homes
Neighborhoods with Similar Populations
- Roxborough, Philadelphia, PA: higher priced homes
- North Central Dallas, Carrollton, TX: higher priced homes
- Hazelwood-Mill Park, Portland, OR: higher priced homes
- Academy Gardens, Philadelphia, PA: equally priced homes
- Highline, Seattle, WA: higher priced homes
- Howard Beach, Queens, NY: higher priced homes
- Indian River, Chesapeake, VA: equally priced homes
- Kyle Canyon, Las Vegas, NV: higher priced homes
- Logan-Ogontz-Fern Rock, Philadelphia, PA: less expensive homes
- Mxcully-Moiliili, Honolulu, HI: higher priced homes
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