Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 3.86
Mortgage as Percentage of Income: 31.05%
Loan Affordability Index: 3.22
Price to Rent Ratio - City Centre: 12.57
Price to Rent Ratio - Outside of Centre: 9.89
Gross Rental Yield (City Centre): 7.96%
Gross Rental Yield (Outside of Centre): 10.11%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,903.93 $ 1,600.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,292.95 $ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,147.06 $ 2,500.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,142.11 $ 1,800.00-2,750.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 467.26 $ 351.79-550.00
Price per Square Feet to Buy Apartment Outside of Centre 250.00 $ 140.00-360.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,997.95 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.18 3.00-6.00

These data are based on 184 entries in the past 18 months from 43 different contributors.
Last update: April 2023

Sources and References
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