East Falls, Philadelphia, PA—19129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Falls, Philadelphia, PA
As of Oct '25, the median home price in East Falls, Philadelphia, PA is $312,000, with a year-over-year change of 4.0%. This indicates that home prices in East Falls, 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 | $312,000 | 4.0% |
| Single Family | $327,000 | 2.8% |
| Condos | $225,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 2.8% |
3 Bed | $300,000 | 3.8% |
4 Bed | $452,000 | 3.0% |
| 5 Bed | $761,000 | 2.4% |
% of Housing Stock
Rental Trends — East Falls, Philadelphia, PA
As of July '25, Rentcast reports the average rent in East Falls, Philadelphia, PA is $1,770, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in East Falls, Philadelphia, PA is studios: $1,290, 1-bedrooms: $1,380, 2-bedrooms: $1,720, 3-bedrooms: $2,510, 4-bedrooms: $2,590. The most common rental property sizes in East Falls, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 43.5% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,770 |
| Studio Rent | $1,300 | $1,290 |
| 1 Bed Rent | $1,350 | $1,380 |
| 2 Bed Rent | $1,700 | $1,720 |
| 3 Bed Rent | $2,400 | $2,510 |
| 4 Bed Rent | $2,500 | $2,590 |
% of Rental Stock
Property Listings — East Falls, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in East Falls, Philadelphia, PA is 55. This is a increase of 40.0% 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 | $369,000 | -16.0% |
Listing Count | 63 | 40.0% |
| Listings as % of Homes | 0.6% | 40.0% |
Days on Market | 55 | 40.0% |
Demographics — East Falls, Philadelphia, PA
As of the latest ACS Survey released in 2023, East Falls, Philadelphia, PA has a population of 11,800, which has increased by 11.0% over the past 5 years. East Falls, Philadelphia, PA is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | 11.0% |
% Under 18 | 12.1% | -25.8% |
% Seniors | 14.1% | 17.5% |
% WFH | 23.4% | 333.3% |
% w/ College Degree | 60.0% | 11.1% |
As of the latest ACS Survey released in 2023, East Falls, Philadelphia, PA is a predominantly white area, with 54.0% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in East Falls, Philadelphia, PA is black, making up 29.8% of the population. Foreign-born residents account for 6.5% of the population in East Falls, Philadelphia, PA, and this percentage has increased by 4.8% 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 | 54.0% | 4.0% |
% Black | 29.8% | -16.5% |
% Hispanic | 5.2% | 44.4% |
% Asian | 4.0% | -9.1% |
% Foreign Born | 6.5% | 4.8% |
Mortgage and Risk — East Falls, Philadelphia, PA
According to HUD data as of 2023, there were 163 mortgage originations in East Falls, Philadelphia, PA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in East Falls, Philadelphia, PA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — East Falls, Philadelphia, PA
As of 2024, the percent of homes in East Falls, Philadelphia, PA under the Section 8 program is 2.2%. 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. In East Falls, 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 | 549 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,350 | $1,740 |
| 2 Bedroom | $370 | $1,700 | $2,070 |
| 3 Bedroom | $90 | $2,400 | $2,490 |
| 4 Bedroom | $340 | $2,500 | $2,840 |
Affordability — East Falls, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $312,000 |
| Median Household Income | $77,200 |