Northeast Philadelphia, Philadelphia, PA—19154
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northeast Philadelphia, Philadelphia, PA
As of Oct '25, the median home price in Northeast Philadelphia, Philadelphia, PA is $315,000, with a year-over-year change of 3.4%. This indicates that home prices in Northeast Philadelphia, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 3.4% |
| Single Family | $317,000 | 2.9% |
| Condos | $279,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $279,000 | 4.5% |
3 Bed | $313,000 | 2.6% |
4 Bed | $338,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northeast Philadelphia, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Northeast Philadelphia, Philadelphia, PA is $2,020, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Northeast Philadelphia, Philadelphia, PA is studios: $1,180, 1-bedrooms: $1,400, 2-bedrooms: $1,600, 3-bedrooms: $2,350, 4-bedrooms: $2,850. The most common rental property sizes in Northeast Philadelphia, Philadelphia, PA are 2-bedroom and 1-bedroom, accounting for 53.8% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,020 |
| Studio Rent | $1,180 | $1,180 |
| 1 Bed Rent | $1,300 | $1,400 |
| 2 Bed Rent | $1,500 | $1,600 |
| 3 Bed Rent | $2,300 | $2,350 |
| 4 Bed Rent | $2,850 | $2,850 |
% of Rental Stock
Property Listings — Northeast Philadelphia, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northeast Philadelphia, Philadelphia, PA is 48. This is a increase of 27.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $359,000 | 5.0% |
Listing Count | 66 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 48 | 27.0% |
Demographics — Northeast Philadelphia, Philadelphia, PA
As of the latest ACS Survey released in 2023, Northeast Philadelphia, Philadelphia, PA has a population of 34,100, which has remained stable by -0.5% over the past 5 years. Northeast Philadelphia, Philadelphia, PA is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,100 | -0.5% |
% Under 18 | 24.0% | 9.1% |
% Seniors | 16.3% | 3.2% |
% WFH | 9.6% | 380.0% |
% w/ College Degree | 26.7% | 14.6% |
As of the latest ACS Survey released in 2023, Northeast Philadelphia, Philadelphia, PA is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Northeast Philadelphia, Philadelphia, PA is hispanic, making up 9.8% of the population. Foreign-born residents account for 11.6% of the population in Northeast Philadelphia, Philadelphia, PA, and this percentage has increased by 22.1% 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 | 74.5% | -4.5% |
% Black | 9.0% | 5.9% |
% Hispanic | 9.8% | 19.5% |
% Asian | 4.7% | 17.5% |
% Foreign Born | 11.6% | 22.1% |
Mortgage and Risk — Northeast Philadelphia, Philadelphia, PA
According to HUD data as of 2023, there were 705 mortgage originations in Northeast Philadelphia, Philadelphia, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Northeast Philadelphia, Philadelphia, PA. Investor activity is low, as 3.0% 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 | 705 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Northeast Philadelphia, Philadelphia, PA
As of 2024, the percent of homes in Northeast Philadelphia, Philadelphia, PA under the Section 8 program is 3.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Northeast Philadelphia, Philadelphia, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | 3.7% |
% 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 | $330 | $1,500 | $1,830 |
| 3 Bedroom | -$100 | $2,300 | $2,200 |
| 4 Bedroom | -$340 | $2,850 | $2,510 |
Affordability — Northeast Philadelphia, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $315,000 |
| Median Household Income | $93,500 |