Old City, Philadelphia, PA—19106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old City, Philadelphia, PA
As of Nov '25, the median home price in Old City, Philadelphia, PA is $396,000, with a year-over-year change of 2.2%. This indicates that home prices in Old City, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $396,000 | 2.2% |
| Single Family | $653,000 | 1.9% |
| Condos | $364,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $304,000 | 3.4% |
2 Bed | $504,000 | 2.0% |
3 Bed | $971,000 | 1.7% |
4 Bed | $1,448,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Old City, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Old City, Philadelphia, PA is $2,260, with a year-over-year rent change of -7.8%. Per bedroom, the median rent as of July '25 in Old City, Philadelphia, PA is studios: $1,630, 1-bedrooms: $1,980, 2-bedrooms: $3,180, 3-bedrooms: $3,470, 4-bedrooms: $5,840. The most common rental property sizes in Old City, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 49.4% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,260 |
| Studio Rent | $1,540 | $1,630 |
| 1 Bed Rent | $1,850 | $1,980 |
| 2 Bed Rent | $2,600 | $3,180 |
| 3 Bed Rent | $3,300 | $3,470 |
| 4 Bed Rent | $5,450 | $5,840 |
% of Rental Stock
Property Listings — Old City, Philadelphia, PA
As of Nov '25, Realtor.com reports that the median days on market for a home in Old City, Philadelphia, PA is 74. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | 10.0% |
Listing Count | 127 | -19.0% |
| Listings as % of Homes | 1.0% | -19.0% |
Days on Market | 74 | -6.0% |
Demographics — Old City, Philadelphia, PA
As of the latest ACS Survey released in 2023, Old City, Philadelphia, PA has a population of 14,400, which has increased by 16.5% over the past 5 years. Old City, Philadelphia, PA is a less popular place for families, as children make up 4.4% of the population. The area has a highly educated workforce, with 80.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,400 | 16.5% |
% Under 18 | 4.4% | -33.3% |
% Seniors | 24.2% | 37.5% |
% WFH | 33.1% | 313.8% |
% w/ College Degree | 80.0% | 3.4% |
As of the latest ACS Survey released in 2023, Old City, Philadelphia, PA is a predominantly white area, with 79.1% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Old City, Philadelphia, PA is asian, making up 8.1% of the population. Foreign-born residents account for 11.3% of the population in Old City, Philadelphia, PA, and this percentage has decreased by 11.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.1% | 3.1% |
% Black | 6.6% | -22.4% |
% Hispanic | 4.7% | -26.6% |
% Asian | 8.1% | 26.6% |
% Foreign Born | 11.3% | -11.0% |
Mortgage and Risk — Old City, Philadelphia, PA
According to HUD data as of 2023, there were 210 mortgage originations in Old City, Philadelphia, PA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Old City, Philadelphia, PA. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Old City, Philadelphia, PA
As of 2024, the percent of homes in Old City, Philadelphia, PA under the Section 8 program is 0.1%. 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 Old City, 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 | 60 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,850 | $2,270 |
| 2 Bedroom | $100 | $2,600 | $2,700 |
| 3 Bedroom | -$50 | $3,300 | $3,250 |
| 4 Bedroom | -$1,750 | $5,450 | $3,700 |
Affordability — Old City, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $396,000 |
| Median Household Income | $130,000 |