North Philadelphia, Philadelphia, PA—19140
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in North Philadelphia, Philadelphia, PA
Home Price Trends — North Philadelphia, Philadelphia, PA
As of Oct '25, the median home price in North Philadelphia, Philadelphia, PA is $98,000, with a year-over-year change of 5.2%. This indicates that home prices in North Philadelphia, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $98,000 | 5.2% |
| Single Family | $98,000 | 7.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $88,000 | 2.3% |
3 Bed | $92,000 | 7.0% |
4 Bed | $125,000 | 11.6% |
| 5 Bed | $170,000 | 6.9% |
% of Housing Stock
Rental Trends — North Philadelphia, Philadelphia, PA
As of July '25, Rentcast reports the average rent in North Philadelphia, Philadelphia, PA is $1,320, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in North Philadelphia, Philadelphia, PA is studios: $854, 1-bedrooms: $1,020, 2-bedrooms: $1,350, 3-bedrooms: $1,500, 4-bedrooms: $1,730. The most common rental property sizes in North Philadelphia, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 43.3% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,290 | $1,320 |
| Studio Rent | $850 | $854 |
| 1 Bed Rent | $997 | $1,020 |
| 2 Bed Rent | $1,300 | $1,350 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $1,650 | $1,730 |
% of Rental Stock
Property Listings — North Philadelphia, Philadelphia, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Philadelphia, Philadelphia, PA is 53. This is a decrease of -4.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $154,000 | 21.0% |
Listing Count | 169 | -4.0% |
| Listings as % of Homes | 0.7% | -4.0% |
Days on Market | 53 | -4.0% |
Demographics — North Philadelphia, Philadelphia, PA
As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA has a population of 54,200, which has increased by 4.9% over the past 5 years. North Philadelphia, Philadelphia, PA is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 9.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,200 | 4.9% |
% Under 18 | 25.7% | -4.8% |
% Seniors | 16.1% | 38.8% |
% WFH | 17.6% | 450.0% |
% w/ College Degree | 9.4% | 28.8% |
As of the latest ACS Survey released in 2023, North Philadelphia, Philadelphia, PA is a predominantly black area, with 55.2% of the population identifying as black. The black population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in North Philadelphia, Philadelphia, PA is hispanic, making up 40.0% of the population. Foreign-born residents account for 8.3% of the population in North Philadelphia, Philadelphia, PA, and this percentage has increased by 5.1% 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 | 3.0% | 0.0% |
% Black | 55.2% | -3.3% |
% Hispanic | 40.0% | -4.1% |
% Asian | 1.7% | 54.5% |
% Foreign Born | 8.3% | 5.1% |
Mortgage and Risk — North Philadelphia, Philadelphia, PA
According to HUD data as of 2023, there were 314 mortgage originations in North Philadelphia, Philadelphia, PA, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in North Philadelphia, Philadelphia, PA. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 314 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Philadelphia, Philadelphia, PA
As of 2024, the percent of homes in North Philadelphia, Philadelphia, PA under the Section 8 program is 17.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Philadelphia, Philadelphia, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,939 |
Total Units Section 8 | 1,659 |
% Rentals under Section 8 | 17.5% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $203 | $997 | $1,200 |
| 2 Bedroom | $130 | $1,300 | $1,430 |
| 3 Bedroom | $220 | $1,500 | $1,720 |
| 4 Bedroom | $310 | $1,650 | $1,960 |
Affordability — North Philadelphia, Philadelphia, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $98,000 |
| Median Household Income | $33,100 |