Property Prices in Philadelphia, PA, United States

Index Info
Price to Income Ratio: 3.44
Mortgage as Percentage of Income: 31.22%
Loan Affordability Index: 3.20
Price to Rent Ratio - City Centre: 8.68
Price to Rent Ratio - Outside of Centre: 7.75
Gross Rental Yield (City Centre): 11.52%
Gross Rental Yield (Outside of Centre): 12.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,804.28 $ 1,400.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,351.63 $ 1,100.00-1,800.00
Apartment (3 bedrooms) in City Centre 3,210.79 $ 2,400.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,284.95 $ 1,800.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 315.94 $ 235.32-400.00
Price per Square Feet to Buy Apartment Outside of Centre 206.58 $ 165.00-300.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,087.78 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.68 6.19-7.00

These data are based on 206 entries in the past 18 months from 37 different contributors.
Last update: December 2024

Sources and References
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