Foreclosure Homes in Philadelphia, PA 19120

Current Market Conditions in Philadelphia, PA

The Philadelphia real estate market has seen a steady increase in demand, particularly in neighborhoods such as Fishtown and Northern Liberties. Prices have been rising consistently as more people seek to call the city home, driven by its proximity to major employers and a high quality of life.

Recent trends indicate a healthy mix of buyers and renters in the market, with a noticeable shift toward more sustainable and energy-efficient properties being favored by younger consumers.

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.