Northern Liberties, Philadelphia, PA—19123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northern Liberties, Philadelphia, PA
As of Oct '25, the median home price in Northern Liberties, Philadelphia, PA is $453,000, with a year-over-year change of 2.5%. This indicates that home prices in Northern Liberties, 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 | $453,000 | 2.5% |
| Single Family | $517,000 | 2.2% |
| Condos | $375,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | 2.6% |
2 Bed | $412,000 | 1.5% |
3 Bed | $577,000 | 1.9% |
4 Bed | $711,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northern Liberties, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Northern Liberties, Philadelphia, PA is $2,210, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Northern Liberties, Philadelphia, PA is studios: $1,560, 1-bedrooms: $1,870, 2-bedrooms: $2,690, 3-bedrooms: $3,010, 4-bedrooms: $3,820. The most common rental property sizes in Northern Liberties, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 34.4% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,210 |
| Studio Rent | $1,540 | $1,560 |
| 1 Bed Rent | $1,710 | $1,870 |
| 2 Bed Rent | $2,250 | $2,690 |
| 3 Bed Rent | $3,000 | $3,010 |
| 4 Bed Rent | $3,300 | $3,820 |
% of Rental Stock
Property Listings — Northern Liberties, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northern Liberties, Philadelphia, PA is 58. This is a decrease of -13.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | 7.0% |
Listing Count | 164 | 5.0% |
| Listings as % of Homes | 1.1% | 5.0% |
Days on Market | 58 | -13.0% |
Demographics — Northern Liberties, Philadelphia, PA
As of the latest ACS Survey released in 2023, Northern Liberties, Philadelphia, PA has a population of 19,300, which has increased by 23.3% over the past 5 years. Northern Liberties, Philadelphia, PA is a less popular place for families, as children make up 11.2% of the population. The area has a highly educated workforce, with 65.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | 23.3% |
% Under 18 | 11.2% | -16.4% |
% Seniors | 10.6% | -12.4% |
% WFH | 21.1% | 148.2% |
% w/ College Degree | 65.6% | 18.0% |
As of the latest ACS Survey released in 2023, Northern Liberties, Philadelphia, PA is a predominantly white area, with 53.6% of the population identifying as white. The white population has grown by 11.0% in the last 5 years. The second most common race or ethnicity in Northern Liberties, Philadelphia, PA is black, making up 24.9% of the population. Foreign-born residents account for 11.7% of the population in Northern Liberties, Philadelphia, PA, and this percentage has increased by 27.2% 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 | 53.6% | 11.0% |
% Black | 24.9% | -17.3% |
% Hispanic | 10.0% | -3.8% |
% Asian | 9.2% | 21.1% |
% Foreign Born | 11.7% | 27.2% |
Mortgage and Risk — Northern Liberties, Philadelphia, PA
According to HUD data as of 2023, there were 250 mortgage originations in Northern Liberties, Philadelphia, PA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Northern Liberties, Philadelphia, PA. Investor activity is low, as 7.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 250 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Northern Liberties, Philadelphia, PA
As of 2024, the percent of homes in Northern Liberties, Philadelphia, PA under the Section 8 program is 14.5%. 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 Northern Liberties, 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 | 1,844 |
Total Units Section 8 | 1,009 |
% Rentals under Section 8 | 14.5% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,710 | $1,980 |
| 2 Bedroom | $110 | $2,250 | $2,360 |
| 3 Bedroom | -$160 | $3,000 | $2,840 |
| 4 Bedroom | -$70 | $3,300 | $3,230 |
Affordability — Northern Liberties, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $453,000 |
| Median Household Income | $95,900 |