Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 4.36
Mortgage as Percentage of Income: 30.66%
Loan Affordability Index: 3.26
Price to Rent Ratio - City Centre: 12.76
Price to Rent Ratio - Outside of Centre: 6.19
Gross Rental Yield (City Centre): 7.84%
Gross Rental Yield (Outside of Centre): 16.15%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,695.58 $ 1,300.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,106.30 $ 800.00-1,525.00
Apartment (3 bedrooms) in City Centre 2,813.62 $ 1,800.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,632.71 $ 1,165.50-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 423.02 $ 300.00-610.91
Price per Square Feet to Buy Apartment Outside of Centre 127.61 $ 109.45-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,400.29 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.62 2.95-4.50

These data are based on 263 entries in the past 18 months from 61 different contributors.
Last update: June 2021

Sources and References
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