Philadelphia
Pennsylvania · Ranked #44 of 102 metros
50Moderate
Median Home Price
🏠$310K
Need $89K income
Median Rent
🔑$1K
Need $54K income
Housing Shortage
📉65,000
units needed
Building Permits
🔨12,000
annual
Median Income
💰$71K
Pop: 6,228,601
Rent Burden
⚠️33.0%
of renters paying >30%
Price Change (YoY)
📈+4%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Philadelphia | National |
|---|---|---|
| Price-to-Income Ratio | 4.4x | 6.1x |
| Rent Burden | 33.0% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Price Change | +4% | +3.5% |
| YoY Rent Change | +3.2% | +2.8% |
| Mortgage Denial Rate | 14.5% | 13.5% |
| Eviction Rate | 5.5% | 3.6% |