South Philadelphia East, Philadelphia, PA—19148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Philadelphia East, Philadelphia, PA
As of Oct '25, the median home price in South Philadelphia East, Philadelphia, PA is $255,000, with a year-over-year change of 2.1%. This indicates that home prices in South Philadelphia East, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $255,000 | 2.1% |
| Single Family | $254,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $263,000 | 1.2% |
2 Bed | $253,000 | 2.0% |
3 Bed | $247,000 | 2.5% |
4 Bed | $350,000 | 4.2% |
| 5 Bed | $386,000 | 4.9% |
% of Housing Stock
Rental Trends — South Philadelphia East, Philadelphia, PA
As of July '25, Rentcast reports the average rent in South Philadelphia East, Philadelphia, PA is $1,910, with a year-over-year rent change of 9.8%. Per bedroom, the median rent as of July '25 in South Philadelphia East, Philadelphia, PA is studios: $2,250, 1-bedrooms: $1,370, 2-bedrooms: $1,860, 3-bedrooms: $2,220, 4-bedrooms: $3,220. The most common rental property sizes in South Philadelphia East, Philadelphia, PA are 2-bedroom and 3-bedroom, accounting for 38.5% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,910 |
| Studio Rent | $1,400 | $2,250 |
| 1 Bed Rent | $1,300 | $1,370 |
| 2 Bed Rent | $1,800 | $1,860 |
| 3 Bed Rent | $2,100 | $2,220 |
| 4 Bed Rent | $3,200 | $3,220 |
% of Rental Stock
Property Listings — South Philadelphia East, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Philadelphia East, Philadelphia, PA is 49. This is a decrease of -6.0% 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 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 | $322,000 | 1.0% |
Listing Count | 254 | -13.0% |
| Listings as % of Homes | 0.9% | -13.0% |
Days on Market | 49 | -6.0% |
Demographics — South Philadelphia East, Philadelphia, PA
As of the latest ACS Survey released in 2023, South Philadelphia East, Philadelphia, PA has a population of 50,800, which has decreased by -3.5% over the past 5 years. South Philadelphia East, Philadelphia, PA is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,800 | -3.5% |
% Under 18 | 20.9% | 6.1% |
% Seniors | 14.6% | 0.0% |
% WFH | 22.5% | 476.9% |
% w/ College Degree | 39.3% | 53.5% |
As of the latest ACS Survey released in 2023, South Philadelphia East, Philadelphia, PA is a predominantly white area, with 54.3% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in South Philadelphia East, Philadelphia, PA is asian, making up 19.5% of the population. Foreign-born residents account for 23.2% of the population in South Philadelphia East, Philadelphia, PA, and this percentage has increased by 3.6% 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 | 54.3% | -3.0% |
% Black | 4.9% | -3.9% |
% Hispanic | 17.3% | 21.0% |
% Asian | 19.5% | -13.7% |
% Foreign Born | 23.2% | 3.6% |
Mortgage and Risk — South Philadelphia East, Philadelphia, PA
According to HUD data as of 2023, there were 838 mortgage originations in South Philadelphia East, Philadelphia, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in South Philadelphia East, Philadelphia, PA. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 838 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — South Philadelphia East, Philadelphia, PA
As of 2024, the percent of homes in South Philadelphia East, Philadelphia, PA under the Section 8 program is 2.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in South Philadelphia East, Philadelphia, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 237 |
Total Units Section 8 | 146 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,300 | $1,540 |
| 2 Bedroom | $30 | $1,800 | $1,830 |
| 3 Bedroom | $100 | $2,100 | $2,200 |
| 4 Bedroom | -$690 | $3,200 | $2,510 |
Affordability — South Philadelphia East, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $255,000 |
| Median Household Income | $80,500 |