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  5. /Southwest Philadelphia, Philadelphia, PA - 19143

Southwest Philadelphia, Philadelphia, PA—19143

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$146,000
1.2% YoY Growth
Household Income
$48,000
43.8% YoY Growth
Days on Market
49
3.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$1,720
13.9% YoY Growth
1-Bed Rent
$2,020
34.1% YoY Growth
2-Bed Rent
$1,640
15.2% YoY Growth
3-Bed Rent
$1,650
8.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Southwest Philadelphia, Philadelphia, PA

As of May '26, the median home price in Southwest Philadelphia, Philadelphia, PA is $146,000, with a year-over-year change of 1.2%. This indicates that home prices in Southwest Philadelphia, Philadelphia, PA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$146,0001.2%
Single Family $145,0001.4%
Condos $193,0000.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $183,000
    -2.1%
    2 Bed
    		$135,0003.1%
    3 Bed
    		$130,0002.4%
    4 Bed
    		$195,0001.0%
    5 Bed $556,0652.0%
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    % of Housing Stock

    Studio
    3.6%
    1 Bedroom
    11.1%
    2 Bedrooms
    16.7%
    3 Bedrooms
    49.2%
    4 Bedrooms
    16.9%
    5+ Bedrooms
    2.6%

    Rental Trends — Southwest Philadelphia, Philadelphia, PA

    As of July '25, Rentcast reports the average rent in Southwest Philadelphia, Philadelphia, PA is $1,800, with a year-over-year rent change of 13.9%. Per bedroom, the median rent as of July '25 in Southwest Philadelphia, Philadelphia, PA is studios: $1,500, 1-bedrooms: $1,850, 2-bedrooms: $1,900, 3-bedrooms: $1,720, 4-bedrooms: $2,190. The most common rental property sizes in Southwest Philadelphia, Philadelphia, PA are 3-bedroom and 2-bedroom, accounting for 40.8% and 24.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,720$1,800
    Studio Rent $1,580$1,500
    1 Bed Rent $2,020$1,850
    2 Bed Rent $1,640$1,900
    3 Bed Rent $1,650$1,720
    4 Bed Rent $2,100$2,190
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    % of Rental Stock

    Studio
    7.2%
    1 Bedroom
    21.5%
    2 Bedrooms
    24.1%
    3 Bedrooms
    40.8%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    1.4%

    Property Listings — Southwest Philadelphia, Philadelphia, PA

    As of May '26, Realtor.com reports that the median days on market for a home in Southwest Philadelphia, Philadelphia, PA is 49. This is a decrease of -3.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$240,0005.0%
    Listing Count
    		35317.0%
    Listings as % of Homes0.8%17.0%
    Days on Market
    		49-3.0%
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    Demographics — Southwest Philadelphia, Philadelphia, PA

    As of the latest ACS Survey released in 2023, Southwest Philadelphia, Philadelphia, PA has a population of 62,500, which has decreased by -4.2% over the past 5 years. Southwest Philadelphia, Philadelphia, PA is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		62,500-4.2%
    % Under 18
    		23.1%5.5%
    % Seniors
    		12.8%-8.6%
    % WFH
    		15.2%347.1%
    % w/ College Degree
    		31.5%29.6%
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    As of the latest ACS Survey released in 2023, Southwest Philadelphia, Philadelphia, PA is a predominantly black area, with 73.3% of the population identifying as black. The black population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Southwest Philadelphia, Philadelphia, PA is white, making up 14.6% of the population. Foreign-born residents account for 7.9% of the population in Southwest Philadelphia, Philadelphia, PA, and this percentage has increased by 12.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		14.6%25.9%
    % Black
    		73.3%-8.1%
    % Hispanic
    		4.1%13.9%
    % Asian
    		2.6%8.3%
    % Foreign Born
    		7.9%12.9%
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    Mortgage and Risk — Southwest Philadelphia, Philadelphia, PA

    According to HUD data as of 2023, there were 597 mortgage originations in Southwest Philadelphia, Philadelphia, PA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Philadelphia, Philadelphia, PA. Investor activity is low, as 11.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		597
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Southwest Philadelphia, Philadelphia, PA

    As of 2024, the percent of homes in Southwest Philadelphia, Philadelphia, PA under the Section 8 program is 12.6%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest Philadelphia, Philadelphia, PA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		2,648
    Total Units Section 8
    		1,759
    % Rentals under Section 8
    		12.6%
    % Occupied Section 8
    		85.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$790$2,020$1,230
    2 Bedroom-$180$1,640$1,460
    3 Bedroom$110$1,650$1,760
    4 Bedroom-$100$2,100$2,000

    Affordability — Southwest Philadelphia, Philadelphia, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$146,000
    Median Household Income$48,000

    Southwest Philadelphia, Philadelphia, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions