Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 4.20
Mortgage as Percentage of Income: 33.24%
Loan Affordability Index: 3.01
Price to Rent Ratio - City Centre: 16.54
Price to Rent Ratio - Outside of Centre: 8.38
Gross Rental Yield (City Centre): 6.05%
Gross Rental Yield (Outside of Centre): 11.94%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,810.70 $ 1,450.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,227.78 $ 1,000.00-1,500.00
Apartment (3 bedrooms) in City Centre 3,125.00 $ 2,500.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 2,084.62 $ 1,800.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 595.68 $ 550.00-610.91
Price per Square Feet to Buy Apartment Outside of Centre 203.15 $ 109.45-360.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,121.32 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.00 3.00-5.43

These data are based on 150 entries in the past 18 months from 30 different contributors.
Last update: August 2022

Sources and References
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