Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 4.39
Mortgage as Percentage of Income: 31.62%
Loan Affordability Index: 3.16
Price to Rent Ratio - City Centre: 12.48
Price to Rent Ratio - Outside of Centre: 6.32
Gross Rental Yield (City Centre): 8.01%
Gross Rental Yield (Outside of Centre): 15.81%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,685.69 $ 1,400.00-2,200.00
Apartment (1 bedroom) Outside of Centre 1,125.97 $ 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 1,692.56 $ 1,165.50-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 412.44 $ 300.00-610.91
Price per Square Feet to Buy Apartment Outside of Centre 133.64 $ 109.45-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,348.89 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.90 3.00-4.60

These data are based on 271 entries in the past 18 months from 56 different contributors.
Last update: February 2021

Sources and References
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