Torresdale, Philadelphia, PA—19114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Torresdale, Philadelphia, PA
As of Oct '25, the median home price in Torresdale, Philadelphia, PA is $315,000, with a year-over-year change of 5.0%. This indicates that home prices in Torresdale, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 5.0% |
| Single Family | $326,000 | 3.8% |
| Condos | $243,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $214,000 | 1.9% |
2 Bed | $254,000 | 2.4% |
3 Bed | $320,000 | 4.9% |
4 Bed | $359,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Torresdale, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Torresdale, Philadelphia, PA is $1,650, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Torresdale, Philadelphia, PA is studios: $1,130, 1-bedrooms: $1,310, 2-bedrooms: $1,670, 3-bedrooms: $2,200, 4-bedrooms: $3,100. The most common rental property sizes in Torresdale, Philadelphia, PA are 2-bedroom and 1-bedroom, accounting for 61.8% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,650 |
| Studio Rent | $1,150 | $1,130 |
| 1 Bed Rent | $1,300 | $1,310 |
| 2 Bed Rent | $1,600 | $1,670 |
| 3 Bed Rent | $2,300 | $2,200 |
| 4 Bed Rent | $2,700 | $3,100 |
% of Rental Stock
Property Listings — Torresdale, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Torresdale, Philadelphia, PA is 45. This is a increase of 26.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | -1.0% |
Listing Count | 75 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 45 | 26.0% |
Demographics — Torresdale, Philadelphia, PA
As of the latest ACS Survey released in 2023, Torresdale, Philadelphia, PA has a population of 31,100, which has decreased by -2.1% over the past 5 years. Torresdale, Philadelphia, PA is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | -2.1% |
% Under 18 | 20.2% | 6.3% |
% Seniors | 19.6% | 0.0% |
% WFH | 13.1% | 523.8% |
% w/ College Degree | 30.1% | 16.7% |
As of the latest ACS Survey released in 2023, Torresdale, Philadelphia, PA is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Torresdale, Philadelphia, PA is black, making up 12.7% of the population. Foreign-born residents account for 11.4% of the population in Torresdale, Philadelphia, PA, and this percentage has increased by 28.1% 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 | 68.5% | -9.4% |
% Black | 12.7% | 23.3% |
% Hispanic | 8.4% | -6.7% |
% Asian | 5.3% | 32.5% |
% Foreign Born | 11.4% | 28.1% |
Mortgage and Risk — Torresdale, Philadelphia, PA
According to HUD data as of 2023, there were 563 mortgage originations in Torresdale, Philadelphia, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Torresdale, Philadelphia, PA. Investor activity is low, as 3.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 563 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Torresdale, Philadelphia, PA
As of 2024, the percent of homes in Torresdale, Philadelphia, PA under the Section 8 program is 1.9%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Torresdale, Philadelphia, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,300 | $1,450 |
| 2 Bedroom | $130 | $1,600 | $1,730 |
| 3 Bedroom | -$220 | $2,300 | $2,080 |
| 4 Bedroom | -$330 | $2,700 | $2,370 |
Affordability — Torresdale, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $315,000 |
| Median Household Income | $76,100 |