North Philadelphia, Philadelphia, PA19140

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$98,000
5.2% YoY Growth
Median Household Income
$33,100
53.0% 5-Year Growth
Days on Market
53
4.0% Shorter than last year
Home Price Forecast
2.1%
Median Rent
$1,290
6.5% YoY Growth
1-Bed Rent
$997
0.0% YoY Growth
2-Bed Rent
$1,300
8.0% YoY Growth
3-Bed Rent
$1,500
9.5% YoY Growth

Other Zip Codes in North Philadelphia, Philadelphia, PA

Property Listings — North Philadelphia, Philadelphia, PA

As of Oct '25, Realtor.com reports that the median days on market for a home in North Philadelphia, Philadelphia, PA is 53. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter 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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$154,00021.0%
Listing Count
169-4.0%
Listings as % of Homes0.7%-4.0%
Days on Market
53-4.0%
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Demographics — North Philadelphia, Philadelphia, PA

As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA has a population of 54,200, which has increased by 4.9% over the past 5 years. North Philadelphia, Philadelphia, PA is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 9.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
54,2004.9%
% Under 18
25.7%-4.8%
% Seniors
16.1%38.8%
% WFH
17.6%450.0%
% w/ College Degree
9.4%28.8%
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As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA is a predominantly black area, with 55.2% of the population identifying as black. The black population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in North Philadelphia, Philadelphia, PA is hispanic, making up 40.0% of the population. Foreign-born residents account for 8.3% of the population in North Philadelphia, Philadelphia, PA, and this percentage has increased by 5.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
3.0%0.0%
% Black
55.2%-3.3%
% Hispanic
40.0%-4.1%
% Asian
1.7%54.5%
% Foreign Born
8.3%5.1%
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Mortgage and Risk — North Philadelphia, Philadelphia, PA

According to HUD data as of 2023, there were 314 mortgage originations in North Philadelphia, Philadelphia, PA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in North Philadelphia, Philadelphia, PA. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
314
% Conventional Loans
62.0%
% Government Loans
38.0%
% Investor Loans
8.0%
% Second Loans
2.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — North Philadelphia, Philadelphia, PA

As of 2024, the percent of homes in North Philadelphia, Philadelphia, PA under the Section 8 program is 17.5%. 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 North 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
1,939
Total Units Section 8
1,659
% Rentals under Section 8
17.5%
% Occupied Section 8
87.9%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$203$997$1,200
2 Bedroom$130$1,300$1,430
3 Bedroom$220$1,500$1,720
4 Bedroom$310$1,650$1,960

Affordability — North Philadelphia, Philadelphia, PA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio2.7
Median Home Price$98,000
Median Household Income$33,100

North Philadelphia, Philadelphia, PA — ZIP Code Boundary Map

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Frequently Asked Questions