Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 3.50
Mortgage as Percentage of Income: 31.82%
Loan Affordability Index: 3.14
Price to Rent Ratio - City Centre: 8.74
Price to Rent Ratio - Outside of Centre: 8.34
Gross Rental Yield (City Centre): 11.45%
Gross Rental Yield (Outside of Centre): 11.99%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,778.82 $ 1,400.00-2,331.00
Apartment (1 bedroom) Outside of Centre 1,330.17 $ 1,000.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,203.19 $ 2,400.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,285.70 $ 1,800.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 315.01 $ 235.32-400.00
Price per Square Feet to Buy Apartment Outside of Centre 220.30 $ 200.00-240.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,115.72 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.71 6.19-7.00

These data are based on 224 entries in the past 18 months from 42 different contributors.
Last update: February 2025

Sources and References
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