Oak Lane, Philadelphia, PA—19126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Lane, Philadelphia, PA
As of Oct '25, the median home price in Oak Lane, Philadelphia, PA is $224,000, with a year-over-year change of 3.3%. This indicates that home prices in Oak Lane, 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 | $224,000 | 3.3% |
| Single Family | $227,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $198,000 | 2.1% |
4 Bed | $267,000 | 4.7% |
| 5 Bed | $375,000 | 5.6% |
% of Housing Stock
Rental Trends — Oak Lane, Philadelphia, PA
As of July '25, Rentcast reports the average rent in Oak Lane, Philadelphia, PA is $1,110, with a year-over-year rent change of -16.5%. Per bedroom, the median rent as of July '25 in Oak Lane, Philadelphia, PA is studios: $875, 1-bedrooms: $1,040, 2-bedrooms: $1,380, 3-bedrooms: $1,880, 4-bedrooms: $2,000. The most common rental property sizes in Oak Lane, Philadelphia, PA are 1-bedroom and 2-bedroom, accounting for 38.5% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,110 |
| Studio Rent | $885 | $875 |
| 1 Bed Rent | $1,020 | $1,040 |
| 2 Bed Rent | $1,400 | $1,380 |
| 3 Bed Rent | $1,800 | $1,880 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Oak Lane, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Lane, Philadelphia, PA is 52. This is a decrease of -11.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -4.0% |
Listing Count | 45 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 52 | -11.0% |
Demographics — Oak Lane, Philadelphia, PA
As of the latest ACS Survey released in 2023, Oak Lane, Philadelphia, PA has a population of 17,500, which has increased by 10.4% over the past 5 years. Oak Lane, Philadelphia, PA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | 10.4% |
% Under 18 | 20.8% | -4.6% |
% Seniors | 17.6% | -0.6% |
% WFH | 10.4% | 141.9% |
% w/ College Degree | 26.3% | 20.1% |
As of the latest ACS Survey released in 2023, Oak Lane, Philadelphia, PA is a predominantly black area, with 81.6% of the population identifying as black. The black population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Oak Lane, Philadelphia, PA is white, making up 8.5% of the population. Foreign-born residents account for 7.1% of the population in Oak Lane, Philadelphia, PA, and this percentage has decreased by 27.6% 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 | 8.5% | 57.4% |
% Black | 81.6% | -2.2% |
% Hispanic | 4.7% | -2.1% |
% Asian | 1.6% | -56.8% |
% Foreign Born | 7.1% | -27.6% |
Mortgage and Risk — Oak Lane, Philadelphia, PA
According to HUD data as of 2023, there were 234 mortgage originations in Oak Lane, Philadelphia, PA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Oak Lane, Philadelphia, PA. Investor activity is low, as 3.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Oak Lane, Philadelphia, PA
As of 2024, the percent of homes in Oak Lane, Philadelphia, PA under the Section 8 program is 10.9%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Oak Lane, Philadelphia, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 260 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,020 | $1,240 |
| 2 Bedroom | $80 | $1,400 | $1,480 |
| 3 Bedroom | -$20 | $1,800 | $1,780 |
| 4 Bedroom | $30 | $2,000 | $2,030 |
Affordability — Oak Lane, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $224,000 |
| Median Household Income | $52,800 |