Rittenhouse Square, Philadelphia, PA—19103
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rittenhouse Square, Philadelphia, PA
As of Oct '25, the median home price in Rittenhouse Square, Philadelphia, PA is $465,000, with a year-over-year change of -0.2%. This indicates that home prices in Rittenhouse Square, Philadelphia, PA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | -0.2% |
| Single Family | $802,000 | 0.4% |
| Condos | $383,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | -4.3% |
2 Bed | $603,000 | -1.3% |
3 Bed | $1,103,000 | -0.1% |
4 Bed | $1,854,000 | 1.5% |
| 5 Bed | $2,166,000 | -0.6% |
% of Housing Stock
Rental Trends — Rittenhouse Square, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Rittenhouse Square, Philadelphia, PA is $2,640, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Rittenhouse Square, Philadelphia, PA is studios: $1,610, 1-bedrooms: $2,290, 2-bedrooms: $3,730, 3-bedrooms: $4,460, 4-bedrooms: $6,470. The most common rental property sizes in Rittenhouse Square, Philadelphia, PA are 1-bedroom and studio, accounting for 50.4% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,340 | $2,640 |
| Studio Rent | $1,600 | $1,610 |
| 1 Bed Rent | $2,260 | $2,290 |
| 2 Bed Rent | $3,690 | $3,730 |
| 3 Bed Rent | $4,000 | $4,460 |
| 4 Bed Rent | $6,500 | $6,470 |
% of Rental Stock
Property Listings — Rittenhouse Square, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Rittenhouse Square, Philadelphia, PA is 67. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -8.0% |
Listing Count | 270 | 7.0% |
| Listings as % of Homes | 1.2% | 7.0% |
Days on Market | 67 | -8.0% |
Demographics — Rittenhouse Square, Philadelphia, PA
As of the latest ACS Survey released in 2023, Rittenhouse Square, Philadelphia, PA has a population of 25,600, which has increased by 5.7% over the past 5 years. Rittenhouse Square, Philadelphia, PA is a less popular place for families, as children make up 5.2% of the population. The area has a highly educated workforce, with 81.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 5.7% |
% Under 18 | 5.2% | -11.9% |
% Seniors | 22.0% | 1.9% |
% WFH | 26.8% | 168.0% |
% w/ College Degree | 81.1% | -0.4% |
As of the latest ACS Survey released in 2023, Rittenhouse Square, Philadelphia, PA is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Rittenhouse Square, Philadelphia, PA is asian, making up 12.7% of the population. Foreign-born residents account for 18.6% of the population in Rittenhouse Square, Philadelphia, PA, and this percentage has increased by 7.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.8% | -3.2% |
% Black | 6.1% | -1.6% |
% Hispanic | 5.1% | -10.5% |
% Asian | 12.7% | 8.5% |
% Foreign Born | 18.6% | 7.5% |
Mortgage and Risk — Rittenhouse Square, Philadelphia, PA
According to HUD data as of 2023, there were 215 mortgage originations in Rittenhouse Square, Philadelphia, PA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Rittenhouse Square, Philadelphia, PA. Investor activity is low, as 7.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 215 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Rittenhouse Square, Philadelphia, PA
As of 2024, the percent of homes in Rittenhouse Square, Philadelphia, PA under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Rittenhouse Square, Philadelphia, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 547 |
Total Units Section 8 | 539 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $2,260 | $2,270 |
| 2 Bedroom | -$990 | $3,690 | $2,700 |
| 3 Bedroom | -$750 | $4,000 | $3,250 |
| 4 Bedroom | -$2,800 | $6,500 | $3,700 |
Affordability — Rittenhouse Square, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $465,000 |
| Median Household Income | $97,900 |