Overbrook, Philadelphia, PA—19151
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Overbrook, Philadelphia, PA
As of Oct '25, the median home price in Overbrook, Philadelphia, PA is $198,000, with a year-over-year change of 4.3%. This indicates that home prices in Overbrook, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 4.4% |
| Single Family | $198,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | 13.2% |
3 Bed | $193,000 | 4.3% |
4 Bed | $208,000 | 4.0% |
| 5 Bed | $393,000 | 1.6% |
% of Housing Stock
Rental Trends — Overbrook, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Overbrook, Philadelphia, PA is $1,380, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Overbrook, Philadelphia, PA is studios: $963, 1-bedrooms: $1,150, 2-bedrooms: $1,400, 3-bedrooms: $1,770, 4-bedrooms: $1,830. The most common rental property sizes in Overbrook, Philadelphia, PA are 1-bedroom and 3-bedroom, accounting for 26.7% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,380 |
| Studio Rent | $990 | $963 |
| 1 Bed Rent | $1,200 | $1,150 |
| 2 Bed Rent | $1,320 | $1,400 |
| 3 Bed Rent | $1,750 | $1,770 |
| 4 Bed Rent | $1,800 | $1,830 |
% of Rental Stock
Property Listings — Overbrook, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Overbrook, Philadelphia, PA is 62. This is a increase of 19.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 11.0% |
Listing Count | 96 | -8.0% |
| Listings as % of Homes | 0.6% | -8.0% |
Days on Market | 62 | 19.0% |
Demographics — Overbrook, Philadelphia, PA
As of the latest ACS Survey released in 2023, Overbrook, Philadelphia, PA has a population of 32,900, which has remained stable by -0.7% over the past 5 years. Overbrook, Philadelphia, PA is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | -0.7% |
% Under 18 | 25.4% | 2.4% |
% Seniors | 13.4% | 16.5% |
% WFH | 8.6% | 168.7% |
% w/ College Degree | 28.3% | 15.5% |
As of the latest ACS Survey released in 2023, Overbrook, Philadelphia, PA is a predominantly black area, with 87.1% of the population identifying as black. The black population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Overbrook, Philadelphia, PA is white, making up 7.9% of the population. Foreign-born residents account for 8.9% of the population in Overbrook, Philadelphia, PA, and this percentage has increased by 4.7% 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 | 7.9% | 21.5% |
% Black | 87.1% | -0.9% |
% Hispanic | 1.9% | -53.7% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 8.9% | 4.7% |
Mortgage and Risk — Overbrook, Philadelphia, PA
According to HUD data as of 2023, there were 440 mortgage originations in Overbrook, Philadelphia, PA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Overbrook, Philadelphia, PA. Investor activity is low, as 4.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 440 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Overbrook, Philadelphia, PA
As of 2024, the percent of homes in Overbrook, Philadelphia, PA under the Section 8 program is 13.8%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Overbrook, Philadelphia, PA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 685 |
Total Units Section 8 | 649 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 83.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | $100 | $1,320 | $1,420 |
| 3 Bedroom | -$40 | $1,750 | $1,710 |
| 4 Bedroom | $150 | $1,800 | $1,950 |
Affordability — Overbrook, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $198,000 |
| Median Household Income | $58,000 |