North Philadelphia, Philadelphia, PA—19122
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Philadelphia, Philadelphia, PA
Home Price Trends — North Philadelphia, Philadelphia, PA
As of Oct '25, the median home price in North Philadelphia, Philadelphia, PA is $302,000, with a year-over-year change of 1.1%. This indicates that home prices in North Philadelphia, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $302,000 | 1.1% |
| Single Family | $290,000 | 0.7% |
| Condos | $360,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $276,000 | 2.6% |
2 Bed | $293,000 | 4.6% |
3 Bed | $332,000 | 2.2% |
4 Bed | $332,000 | 2.5% |
| 5 Bed | $332,000 | 2.2% |
% of Housing Stock
Rental Trends — North Philadelphia, Philadelphia, PA
As of July '25, Rentcast reports the average rent in North Philadelphia, Philadelphia, PA is $1,890, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in North Philadelphia, Philadelphia, PA is studios: $1,440, 1-bedrooms: $1,620, 2-bedrooms: $2,000, 3-bedrooms: $2,350, 4-bedrooms: $2,580. The most common rental property sizes in North Philadelphia, Philadelphia, PA are 2-bedroom and 1-bedroom, accounting for 26.7% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,890 |
| Studio Rent | $1,400 | $1,440 |
| 1 Bed Rent | $1,550 | $1,620 |
| 2 Bed Rent | $1,850 | $2,000 |
| 3 Bed Rent | $2,200 | $2,350 |
| 4 Bed Rent | $2,500 | $2,580 |
% of Rental Stock
Property Listings — North Philadelphia, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Philadelphia, Philadelphia, PA is 50. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -3.0% |
Listing Count | 130 | -2.0% |
| Listings as % of Homes | 1.5% | -2.0% |
Days on Market | 50 | 20.0% |
Demographics — North Philadelphia, Philadelphia, PA
As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA has a population of 24,700, which has increased by 11.5% over the past 5 years. North Philadelphia, Philadelphia, PA is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | 11.5% |
% Under 18 | 14.6% | -21.9% |
% Seniors | 8.4% | -8.7% |
% WFH | 25.8% | 760.0% |
% w/ College Degree | 42.0% | 66.0% |
As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA is a predominantly white area, with 37.3% of the population identifying as white. The white population has grown by 34.7% in the last 5 years. The second most common race or ethnicity in North Philadelphia, Philadelphia, PA is black, making up 30.5% of the population. Foreign-born residents account for 10.2% of the population in North Philadelphia, Philadelphia, PA, and this percentage has increased by 2.0% 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 | 37.3% | 34.7% |
% Black | 30.5% | -19.5% |
% Hispanic | 19.2% | -30.7% |
% Asian | 9.3% | 55.0% |
% Foreign Born | 10.2% | 2.0% |
Mortgage and Risk — North Philadelphia, Philadelphia, PA
According to HUD data as of 2023, there were 307 mortgage originations in North Philadelphia, Philadelphia, PA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in North Philadelphia, Philadelphia, PA. Investor activity is low, as 5.0% 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 | 307 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — North Philadelphia, Philadelphia, PA
As of 2024, the percent of homes in North Philadelphia, Philadelphia, PA under the Section 8 program is 15.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Philadelphia, Philadelphia, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,660 |
Total Units Section 8 | 974 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,550 | $1,350 |
| 2 Bedroom | -$240 | $1,850 | $1,610 |
| 3 Bedroom | -$260 | $2,200 | $1,940 |
| 4 Bedroom | -$290 | $2,500 | $2,210 |
Affordability — North Philadelphia, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $302,000 |
| Median Household Income | $57,800 |