United States · North America · Population: 1,600,000
Philadelphia is relatively affordable for homebuyers, with steady growth in property values. The city has moderate rental prices. At $250,000 average home price in United States, buyers should consider the 4.2x price-to-income ratio when planning a purchase.
| Average Home Price | $250,000 |
| Price per sqm | $2,800 |
| Price-to-Income Ratio | 4.2x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +1.5% |
| 1-Bedroom Apartment | $1,500/mo |
| 3-Bedroom Apartment | $2,200/mo |
| Rent-to-Income Ratio | 25% |
| Median Household Income | $60,000/year |
| Years to Buy (at median income) | 4.2 years |
| Local Currency | USD |
With a price-to-income ratio of 4.2x, Philadelphia offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 1.5% in the past year.
Cities worldwide with home prices closest to Philadelphia
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