Strawberry Mansion, Philadelphia, PA—19132
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Strawberry Mansion, Philadelphia, PA
As of Oct '25, the median home price in Strawberry Mansion, Philadelphia, PA is $71,000, with a year-over-year change of -4.8%. This indicates that home prices in Strawberry Mansion, Philadelphia, PA are decreasing. 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 | $71,000 | -4.8% |
| Single Family | $71,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $75,000 | -3.8% |
3 Bed | $65,000 | -3.0% |
4 Bed | $98,000 | -3.9% |
| 5 Bed | $149,000 | 2.8% |
% of Housing Stock
Rental Trends — Strawberry Mansion, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Strawberry Mansion, Philadelphia, PA is $1,380, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Strawberry Mansion, Philadelphia, PA is studios: $980, 1-bedrooms: $1,130, 2-bedrooms: $1,390, 3-bedrooms: $1,470, 4-bedrooms: $1,690. The most common rental property sizes in Strawberry Mansion, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 41.8% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,380 |
| Studio Rent | $850 | $980 |
| 1 Bed Rent | $1,180 | $1,130 |
| 2 Bed Rent | $1,350 | $1,390 |
| 3 Bed Rent | $1,400 | $1,470 |
| 4 Bed Rent | $1,750 | $1,690 |
% of Rental Stock
Property Listings — Strawberry Mansion, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Strawberry Mansion, Philadelphia, PA is 85. 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $135,000 | 6.0% |
Listing Count | 250 | 33.0% |
| Listings as % of Homes | 1.0% | 33.0% |
Days on Market | 85 | 20.0% |
Demographics — Strawberry Mansion, Philadelphia, PA
As of the latest ACS Survey released in 2023, Strawberry Mansion, Philadelphia, PA has a population of 31,600, which has decreased by -1.8% over the past 5 years. Strawberry Mansion, Philadelphia, PA is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,600 | -1.8% |
% Under 18 | 22.5% | -3.8% |
% Seniors | 16.9% | 22.5% |
% WFH | 15.3% | 292.3% |
% w/ College Degree | 13.0% | 35.4% |
As of the latest ACS Survey released in 2023, Strawberry Mansion, Philadelphia, PA is a predominantly black area, with 88.4% of the population identifying as black. The black population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Strawberry Mansion, Philadelphia, PA is hispanic, making up 4.8% of the population. Foreign-born residents account for 4.3% of the population in Strawberry Mansion, Philadelphia, PA, and this percentage has increased by 38.7% 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 | 2.7% | -15.6% |
% Black | 88.4% | -4.3% |
% Hispanic | 4.8% | 50.0% |
% Asian | 1.1% | 0.0% |
% Foreign Born | 4.3% | 38.7% |
Mortgage and Risk — Strawberry Mansion, Philadelphia, PA
According to HUD data as of 2023, there were 193 mortgage originations in Strawberry Mansion, Philadelphia, PA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Strawberry Mansion, Philadelphia, PA. Investor activity is low, as 12.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 12.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Strawberry Mansion, Philadelphia, PA
As of 2024, the percent of homes in Strawberry Mansion, Philadelphia, PA under the Section 8 program is 22.6%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Strawberry Mansion, Philadelphia, PA, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,977 |
Total Units Section 8 | 1,525 |
% Rentals under Section 8 | 22.6% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,180 | $1,170 |
| 2 Bedroom | $50 | $1,350 | $1,400 |
| 3 Bedroom | $290 | $1,400 | $1,690 |
| 4 Bedroom | $170 | $1,750 | $1,920 |
Affordability — Strawberry Mansion, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $71,000 |
| Median Household Income | $31,000 |