West Oak Lane, Philadelphia, PA—19138
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Oak Lane, Philadelphia, PA
As of Oct '25, the median home price in West Oak Lane, Philadelphia, PA is $173,000, with a year-over-year change of 4.2%. This indicates that home prices in West Oak Lane, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 4.2% |
| Single Family | $173,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | 6.2% |
3 Bed | $171,000 | 5.6% |
4 Bed | $217,000 | 5.9% |
| 5 Bed | $242,000 | 0.8% |
% of Housing Stock
Rental Trends — West Oak Lane, Philadelphia, PA
As of July '25, Rentcast reports the average rent in West Oak Lane, Philadelphia, PA is $1,510, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in West Oak Lane, Philadelphia, PA is studios: $970, 1-bedrooms: $1,070, 2-bedrooms: $1,420, 3-bedrooms: $1,840, 4-bedrooms: $1,790. The most common rental property sizes in West Oak Lane, Philadelphia, PA are 3-bedroom and 1-bedroom, accounting for 45.8% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,510 |
| Studio Rent | $900 | $970 |
| 1 Bed Rent | $1,100 | $1,070 |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,850 | $1,840 |
| 4 Bed Rent | $1,700 | $1,790 |
% of Rental Stock
Property Listings — West Oak Lane, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Oak Lane, Philadelphia, PA is 62. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $222,000 | 14.0% |
Listing Count | 118 | -13.0% |
| Listings as % of Homes | 1.0% | -13.0% |
Days on Market | 62 | 2.0% |
Demographics — West Oak Lane, Philadelphia, PA
As of the latest ACS Survey released in 2023, West Oak Lane, Philadelphia, PA has a population of 31,700, which has decreased by -2.0% over the past 5 years. West Oak Lane, Philadelphia, PA is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,700 | -2.0% |
% Under 18 | 25.1% | 28.1% |
% Seniors | 15.3% | -12.6% |
% WFH | 12.5% | 525.0% |
% w/ College Degree | 17.9% | 16.2% |
As of the latest ACS Survey released in 2023, West Oak Lane, Philadelphia, PA is a predominantly black area, with 92.1% of the population identifying as black. The black population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in West Oak Lane, Philadelphia, PA is hispanic, making up 2.9% of the population. Foreign-born residents account for 6.2% of the population in West Oak Lane, Philadelphia, PA, and this percentage has increased by 1.6% 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 | 2.6% | 0.0% |
% Black | 92.1% | -0.5% |
% Hispanic | 2.9% | 70.6% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 6.2% | 1.6% |
Mortgage and Risk — West Oak Lane, Philadelphia, PA
According to HUD data as of 2023, there were 470 mortgage originations in West Oak Lane, Philadelphia, PA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in West Oak Lane, Philadelphia, PA. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 470 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — West Oak Lane, Philadelphia, PA
As of 2024, the percent of homes in West Oak Lane, Philadelphia, PA under the Section 8 program is 18.5%. 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 West Oak Lane, 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 | 975 |
Total Units Section 8 | 834 |
% Rentals under Section 8 | 18.5% |
% Occupied Section 8 | 85.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,100 | $1,310 |
| 2 Bedroom | $160 | $1,400 | $1,560 |
| 3 Bedroom | $30 | $1,850 | $1,880 |
| 4 Bedroom | $440 | $1,700 | $2,140 |
Affordability — West Oak Lane, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $173,000 |
| Median Household Income | $51,600 |