West Philadelphia, Philadelphia, PA—19139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Philadelphia, Philadelphia, PA
As of Oct '25, the median home price in West Philadelphia, Philadelphia, PA is $126,000, with a year-over-year change of 4.4%. This indicates that home prices in West Philadelphia, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | 4.4% |
| Single Family | $126,000 | 6.8% |
| Condos | $155,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $113,000 | 5.6% |
3 Bed | $114,000 | 7.5% |
4 Bed | $160,000 | 5.3% |
| 5 Bed | $303,000 | 0.3% |
% of Housing Stock
Rental Trends — West Philadelphia, Philadelphia, PA
As of July '25, Rentcast reports the average rent in West Philadelphia, Philadelphia, PA is $1,410, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in West Philadelphia, Philadelphia, PA is studios: $952, 1-bedrooms: $1,020, 2-bedrooms: $1,430, 3-bedrooms: $1,620, 4-bedrooms: $2,040. The most common rental property sizes in West Philadelphia, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 34.4% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,410 |
| Studio Rent | $900 | $952 |
| 1 Bed Rent | $1,000 | $1,020 |
| 2 Bed Rent | $1,400 | $1,430 |
| 3 Bed Rent | $1,520 | $1,620 |
| 4 Bed Rent | $1,950 | $2,040 |
% of Rental Stock
Property Listings — West Philadelphia, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Philadelphia, Philadelphia, PA is 70. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $188,000 | -4.0% |
Listing Count | 189 | 1.0% |
| Listings as % of Homes | 0.7% | 1.0% |
Days on Market | 70 | 2.0% |
Demographics — West Philadelphia, Philadelphia, PA
As of the latest ACS Survey released in 2023, West Philadelphia, Philadelphia, PA has a population of 44,600, which has remained stable by -0.6% over the past 5 years. West Philadelphia, Philadelphia, PA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,600 | -0.6% |
% Under 18 | 23.7% | -10.2% |
% Seniors | 13.6% | 4.6% |
% WFH | 14.1% | 261.5% |
% w/ College Degree | 21.9% | 43.1% |
As of the latest ACS Survey released in 2023, West Philadelphia, Philadelphia, PA is a predominantly black area, with 83.1% of the population identifying as black. The black population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in West Philadelphia, Philadelphia, PA is white, making up 7.7% of the population. Foreign-born residents account for 8.2% of the population in West Philadelphia, Philadelphia, PA, and this percentage has increased by 18.8% 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 | 7.7% | 35.1% |
% Black | 83.1% | -6.2% |
% Hispanic | 3.1% | 10.7% |
% Asian | 2.5% | -3.8% |
% Foreign Born | 8.2% | 18.8% |
Mortgage and Risk — West Philadelphia, Philadelphia, PA
According to HUD data as of 2023, there were 388 mortgage originations in West Philadelphia, Philadelphia, PA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in West Philadelphia, Philadelphia, PA. Investor activity is low, as 11.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 388 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 11.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — West Philadelphia, Philadelphia, PA
As of 2024, the percent of homes in West Philadelphia, Philadelphia, PA under the Section 8 program is 18.9%. 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 Philadelphia, 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 | 3,103 |
Total Units Section 8 | 2,200 |
% Rentals under Section 8 | 18.9% |
% Occupied Section 8 | 84.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,000 | $1,220 |
| 2 Bedroom | $50 | $1,400 | $1,450 |
| 3 Bedroom | $230 | $1,520 | $1,750 |
| 4 Bedroom | $40 | $1,950 | $1,990 |
Affordability — West Philadelphia, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $126,000 |
| Median Household Income | $38,700 |