Foreclosure Homes in Philadelphia, PA

Current Market Conditions in Philadelphia, PA

The real estate market in Philadelphia is currently experiencing a steady demand, driven by a growing population and an influx of young professionals seeking urban living. Though prices have seen a gradual increase, they remain lower compared to surrounding metropolitan areas, creating investment opportunities.

Recent trends indicate a shift towards the revitalization of neighborhoods that were previously considered undervalued. Investors are beginning to focus on these areas, allowing for affordable entry points into the market with high potential for appreciation.

Rent Prices In Philadelphia, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Philadelphia, PA, is on a rollercoaster ride. The average rent price in Philadelphia, PA, is $1,353.00. Indeed, when looking to rent in Philadelphia, PA, you can expect to pay as little as $490.00 or as much as $4,960.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Philadelphia, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.