Fairmount, Philadelphia, PA—19130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairmount, Philadelphia, PA
As of Oct '25, the median home price in Fairmount, Philadelphia, PA is $427,000, with a year-over-year change of 1.9%. This indicates that home prices in Fairmount, 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 | $427,000 | 1.9% |
| Single Family | $492,000 | 1.0% |
| Condos | $328,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 5.0% |
2 Bed | $396,000 | 2.3% |
3 Bed | $533,000 | 1.5% |
4 Bed | $708,000 | 2.0% |
| 5 Bed | $787,000 | 1.9% |
% of Housing Stock
Rental Trends — Fairmount, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Fairmount, Philadelphia, PA is $2,070, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Fairmount, Philadelphia, PA is studios: $1,410, 1-bedrooms: $1,860, 2-bedrooms: $2,470, 3-bedrooms: $2,900, 4-bedrooms: $3,040. The most common rental property sizes in Fairmount, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 41.3% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | $1,400 | $1,410 |
| 1 Bed Rent | $1,750 | $1,860 |
| 2 Bed Rent | $2,400 | $2,470 |
| 3 Bed Rent | $2,800 | $2,900 |
| 4 Bed Rent | $2,900 | $3,040 |
% of Rental Stock
Property Listings — Fairmount, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairmount, Philadelphia, PA is 65. This is a increase of 13.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $468,000 | 0.0% |
Listing Count | 174 | 7.0% |
| Listings as % of Homes | 0.8% | 7.0% |
Days on Market | 65 | 13.0% |
Demographics — Fairmount, Philadelphia, PA
As of the latest ACS Survey released in 2023, Fairmount, Philadelphia, PA has a population of 30,400, which has increased by 11.0% over the past 5 years. Fairmount, Philadelphia, PA is a less popular place for families, as children make up 9.9% of the population. The area has a highly educated workforce, with 78.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | 11.0% |
% Under 18 | 9.9% | -13.9% |
% Seniors | 14.5% | 19.8% |
% WFH | 29.5% | 309.7% |
% w/ College Degree | 78.5% | 10.4% |
As of the latest ACS Survey released in 2023, Fairmount, Philadelphia, PA is a predominantly white area, with 70.5% of the population identifying as white. The white population has grown by 8.1% in the last 5 years. The second most common race or ethnicity in Fairmount, Philadelphia, PA is black, making up 12.1% of the population. Foreign-born residents account for 12.1% of the population in Fairmount, Philadelphia, PA, and this percentage has increased by 4.3% 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 | 70.5% | 8.1% |
% Black | 12.1% | -34.9% |
% Hispanic | 6.6% | 13.8% |
% Asian | 6.1% | -16.4% |
% Foreign Born | 12.1% | 4.3% |
Mortgage and Risk — Fairmount, Philadelphia, PA
According to HUD data as of 2023, there were 402 mortgage originations in Fairmount, Philadelphia, PA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Fairmount, Philadelphia, PA. Investor activity is low, as 4.0% 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 | 402 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Fairmount, Philadelphia, PA
As of 2024, the percent of homes in Fairmount, Philadelphia, PA under the Section 8 program is 4.1%. 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 Fairmount, 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 | 982 |
Total Units Section 8 | 536 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,750 | $2,090 |
| 2 Bedroom | $90 | $2,400 | $2,490 |
| 3 Bedroom | $200 | $2,800 | $3,000 |
| 4 Bedroom | $510 | $2,900 | $3,410 |
Affordability — Fairmount, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $427,000 |
| Median Household Income | $110,000 |