Center City West, Philadelphia, PA—19102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Center City West, Philadelphia, PA
As of Oct '25, the median home price in Center City West, Philadelphia, PA is $371,000, with a year-over-year change of -3.2%. This indicates that home prices in Center City West, Philadelphia, PA are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $371,000 | -3.2% |
| Single Family | $831,000 | -4.0% |
| Condos | $336,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $270,000 | -3.9% |
2 Bed | $552,000 | -4.3% |
3 Bed | $1,404,000 | -3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Center City West, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Center City West, Philadelphia, PA is $2,410, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Center City West, Philadelphia, PA is studios: $1,490, 1-bedrooms: $2,170, 2-bedrooms: $3,500, 3-bedrooms: $7,160. The most common rental property sizes in Center City West, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 61.2% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,410 |
| Studio Rent | $1,500 | $1,490 |
| 1 Bed Rent | $2,100 | $2,170 |
| 2 Bed Rent | $3,220 | $3,500 |
| 3 Bed Rent | $8,700 | $7,160 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Center City West, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Center City West, Philadelphia, PA is 117. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -24.0% |
Listing Count | 79 | 11.0% |
| Listings as % of Homes | 1.0% | 11.0% |
Days on Market | 117 | 19.0% |
Demographics — Center City West, Philadelphia, PA
As of the latest ACS Survey released in 2023, Center City West, Philadelphia, PA has a population of 5,950, which has increased by 20.4% over the past 5 years. Center City West, Philadelphia, PA is a less popular place for families, as children make up 1.6% of the population. The area has a highly educated workforce, with 86.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,950 | 20.4% |
% Under 18 | 1.6% | -42.9% |
% Seniors | 10.6% | -42.4% |
% WFH | 33.6% | 242.9% |
% w/ College Degree | 86.7% | 1.3% |
As of the latest ACS Survey released in 2023, Center City West, Philadelphia, PA is a predominantly white area, with 72.9% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Center City West, Philadelphia, PA is asian, making up 12.6% of the population. Foreign-born residents account for 14.4% of the population in Center City West, Philadelphia, PA, and this percentage has decreased by 28.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.9% | 0.4% |
% Black | 7.1% | 57.8% |
% Hispanic | 5.9% | 13.5% |
% Asian | 12.6% | -23.2% |
% Foreign Born | 14.4% | -28.4% |
Mortgage and Risk — Center City West, Philadelphia, PA
According to HUD data as of 2023, there were 31 mortgage originations in Center City West, Philadelphia, PA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Center City West, Philadelphia, PA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Center City West, Philadelphia, PA
Center City West, Philadelphia, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $2,100 | $2,270 |
| 2 Bedroom | -$520 | $3,220 | $2,700 |
| 3 Bedroom | -$5,450 | $8,700 | $3,250 |
| 4 Bedroom | N/A | N/A | $3,700 |
Affordability — Center City West, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $371,000 |
| Median Household Income | $115,000 |