Frankford, Philadelphia, PA—19124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankford, Philadelphia, PA
As of Oct '25, the median home price in Frankford, Philadelphia, PA is $172,000, with a year-over-year change of 5.9%. This indicates that home prices in Frankford, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 5.9% |
| Single Family | $172,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 7.6% |
3 Bed | $172,000 | 6.2% |
4 Bed | $219,000 | 6.8% |
| 5 Bed | $254,000 | 9.0% |
% of Housing Stock
Rental Trends — Frankford, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Frankford, Philadelphia, PA is $1,260, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Frankford, Philadelphia, PA is studios: $856, 1-bedrooms: $1,040, 2-bedrooms: $1,390, 3-bedrooms: $1,500, 4-bedrooms: $2,660. The most common rental property sizes in Frankford, Philadelphia, PA are 3-bedroom and 1-bedroom, accounting for 37.2% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,240 | $1,260 |
| Studio Rent | $822 | $856 |
| 1 Bed Rent | $950 | $1,040 |
| 2 Bed Rent | $1,350 | $1,390 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $1,900 | $2,660 |
% of Rental Stock
Property Listings — Frankford, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankford, Philadelphia, PA is 57. This is a increase of 2.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | -3.0% |
Listing Count | 176 | -13.0% |
| Listings as % of Homes | 0.8% | -13.0% |
Days on Market | 57 | 2.0% |
Demographics — Frankford, Philadelphia, PA
As of the latest ACS Survey released in 2023, Frankford, Philadelphia, PA has a population of 70,800, which has increased by 2.6% over the past 5 years. Frankford, Philadelphia, PA is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 15.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,800 | 2.6% |
% Under 18 | 30.6% | -3.2% |
% Seniors | 8.3% | 3.8% |
% WFH | 9.2% | 360.0% |
% w/ College Degree | 15.2% | 42.1% |
As of the latest ACS Survey released in 2023, Frankford, Philadelphia, PA is a predominantly hispanic area, with 44.3% of the population identifying as hispanic. The hispanic population has grown by 6.7% in the last 5 years. The second most common race or ethnicity in Frankford, Philadelphia, PA is black, making up 36.2% of the population. Foreign-born residents account for 18.2% of the population in Frankford, Philadelphia, PA, and this percentage has increased by 27.3% 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 | 14.5% | 2.8% |
% Black | 36.2% | -10.0% |
% Hispanic | 44.3% | 6.7% |
% Asian | 4.5% | -8.2% |
% Foreign Born | 18.2% | 27.3% |
Mortgage and Risk — Frankford, Philadelphia, PA
According to HUD data as of 2023, there were 727 mortgage originations in Frankford, Philadelphia, PA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Frankford, Philadelphia, PA. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 727 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Frankford, Philadelphia, PA
As of 2024, the percent of homes in Frankford, Philadelphia, PA under the Section 8 program is 17.2%. 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 Frankford, Philadelphia, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,811 |
Total Units Section 8 | 1,506 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 84.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $950 | $1,170 |
| 2 Bedroom | $50 | $1,350 | $1,400 |
| 3 Bedroom | $190 | $1,500 | $1,690 |
| 4 Bedroom | $20 | $1,900 | $1,920 |
Affordability — Frankford, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $172,000 |
| Median Household Income | $46,100 |