Southwest Philadelphia, Philadelphia, PA—19143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Philadelphia, Philadelphia, PA
As of Oct '25, the median home price in Southwest Philadelphia, Philadelphia, PA is $137,000, with a year-over-year change of 0.6%. This indicates that home prices in Southwest Philadelphia, Philadelphia, PA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | 0.6% |
| Single Family | $136,000 | 0.7% |
| Condos | $184,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | 1.1% |
2 Bed | $131,000 | 4.0% |
3 Bed | $122,000 | 0.8% |
4 Bed | $180,000 | 1.1% |
| 5 Bed | $521,000 | 1.2% |
% of Housing Stock
Rental Trends — Southwest Philadelphia, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Southwest Philadelphia, Philadelphia, PA is $1,800, with a year-over-year rent change of 13.9%. Per bedroom, the median rent as of July '25 in Southwest Philadelphia, Philadelphia, PA is studios: $1,500, 1-bedrooms: $1,850, 2-bedrooms: $1,900, 3-bedrooms: $1,720, 4-bedrooms: $2,190. The most common rental property sizes in Southwest Philadelphia, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 40.8% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,800 |
| Studio Rent | $1,580 | $1,500 |
| 1 Bed Rent | $2,020 | $1,850 |
| 2 Bed Rent | $1,640 | $1,900 |
| 3 Bed Rent | $1,650 | $1,720 |
| 4 Bed Rent | $2,100 | $2,190 |
% of Rental Stock
Property Listings — Southwest Philadelphia, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Philadelphia, Philadelphia, PA is 65. This is a increase of 10.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 3.0% |
Listing Count | 315 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 65 | 10.0% |
Demographics — Southwest Philadelphia, Philadelphia, PA
As of the latest ACS Survey released in 2023, Southwest Philadelphia, Philadelphia, PA has a population of 62,500, which has decreased by -4.2% over the past 5 years. Southwest Philadelphia, Philadelphia, PA is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,500 | -4.2% |
% Under 18 | 23.1% | 5.5% |
% Seniors | 12.8% | -8.6% |
% WFH | 15.2% | 347.1% |
% w/ College Degree | 31.5% | 29.6% |
As of the latest ACS Survey released in 2023, Southwest Philadelphia, Philadelphia, PA is a predominantly black area, with 73.3% of the population identifying as black. The black population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Southwest Philadelphia, Philadelphia, PA is white, making up 14.6% of the population. Foreign-born residents account for 7.9% of the population in Southwest Philadelphia, Philadelphia, PA, and this percentage has increased by 12.9% 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 | 14.6% | 25.9% |
% Black | 73.3% | -8.1% |
% Hispanic | 4.1% | 13.9% |
% Asian | 2.6% | 8.3% |
% Foreign Born | 7.9% | 12.9% |
Mortgage and Risk — Southwest Philadelphia, Philadelphia, PA
According to HUD data as of 2023, there were 597 mortgage originations in Southwest Philadelphia, Philadelphia, PA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Philadelphia, Philadelphia, PA. Investor activity is low, as 11.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 597 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Southwest Philadelphia, Philadelphia, PA
As of 2024, the percent of homes in Southwest Philadelphia, Philadelphia, PA under the Section 8 program is 12.6%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest Philadelphia, Philadelphia, PA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,648 |
Total Units Section 8 | 1,759 |
% Rentals under Section 8 | 12.6% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$790 | $2,020 | $1,230 |
| 2 Bedroom | -$180 | $1,640 | $1,460 |
| 3 Bedroom | $110 | $1,650 | $1,760 |
| 4 Bedroom | -$100 | $2,100 | $2,000 |
Affordability — Southwest Philadelphia, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $137,000 |
| Median Household Income | $48,000 |