Chestnut Hill, Philadelphia, PA—19118
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chestnut Hill, Philadelphia, PA
As of Oct '25, the median home price in Chestnut Hill, Philadelphia, PA is $841,000, with a year-over-year change of 1.4%. This indicates that home prices in Chestnut Hill, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $841,000 | 1.4% |
| Single Family | $855,000 | 0.9% |
| Condos | $545,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $566,000 | 3.1% |
3 Bed | $591,000 | 1.5% |
4 Bed | $946,000 | 1.8% |
| 5 Bed | $1,403,000 | 0.4% |
% of Housing Stock
Rental Trends — Chestnut Hill, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Chestnut Hill, Philadelphia, PA is $2,210, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Chestnut Hill, Philadelphia, PA is studios: $1,350, 1-bedrooms: $1,710, 2-bedrooms: $2,450, 3-bedrooms: $2,980, 4-bedrooms: $4,300. The most common rental property sizes in Chestnut Hill, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 43.0% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,210 |
| Studio Rent | $1,330 | $1,350 |
| 1 Bed Rent | $1,620 | $1,710 |
| 2 Bed Rent | $2,090 | $2,450 |
| 3 Bed Rent | $3,120 | $2,980 |
| 4 Bed Rent | $4,300 | $4,300 |
% of Rental Stock
Property Listings — Chestnut Hill, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chestnut Hill, Philadelphia, PA is 38. This is a increase of 3.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,730,000 | 12.0% |
Listing Count | 35 | -21.0% |
| Listings as % of Homes | 0.6% | -21.0% |
Days on Market | 38 | 3.0% |
Demographics — Chestnut Hill, Philadelphia, PA
As of the latest ACS Survey released in 2023, Chestnut Hill, Philadelphia, PA has a population of 10,200, which has decreased by -6.3% over the past 5 years. Chestnut Hill, Philadelphia, PA is a moderately popular place for families, as children make up 15.2% of the population. The area has a highly educated workforce, with 76.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -6.3% |
% Under 18 | 15.2% | -12.1% |
% Seniors | 25.3% | 24.0% |
% WFH | 29.9% | 225.0% |
% w/ College Degree | 76.3% | 16.8% |
As of the latest ACS Survey released in 2023, Chestnut Hill, Philadelphia, PA is a predominantly white area, with 68.8% of the population identifying as white. The white population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Chestnut Hill, Philadelphia, PA is black, making up 18.4% of the population. Foreign-born residents account for 6.1% of the population in Chestnut Hill, Philadelphia, PA, and this percentage has decreased by 44.5% 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 | 68.8% | 5.0% |
% Black | 18.4% | -4.2% |
% Hispanic | 4.0% | -42.0% |
% Asian | 4.7% | -11.3% |
% Foreign Born | 6.1% | -44.5% |
Mortgage and Risk — Chestnut Hill, Philadelphia, PA
According to HUD data as of 2023, there were 163 mortgage originations in Chestnut Hill, Philadelphia, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Chestnut Hill, Philadelphia, PA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Chestnut Hill, Philadelphia, PA
As of 2024, the percent of homes in Chestnut Hill, Philadelphia, PA under the Section 8 program is 1.0%. 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 Chestnut Hill, 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 | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,620 | $1,960 |
| 2 Bedroom | $240 | $2,090 | $2,330 |
| 3 Bedroom | -$310 | $3,120 | $2,810 |
| 4 Bedroom | -$1,110 | $4,300 | $3,190 |
Affordability — Chestnut Hill, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $841,000 |
| Median Household Income | $106,000 |