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Philadelphia city, PA

ZIP 19124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 19124

Median Home Value
$155,000
Median Rent
$844
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$996/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

15.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 19124 in Philadelphia city, PA, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $996. That is roughly in line with the local median household income ($46,100). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics

Historic housing stock (21% built before 1939)

Owner Occupied
62.6%-4% vs US avg
x
Vacancy Rate
8.3%-19% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
20.5%+60% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
39.7%-20% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$155,000
Home Value
$844
Rent
1944
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached9.8%
  • 1-unit attached68.4%
  • 2-9 units16.2%
  • 10+ units4.9%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,000
Median rent$844
Owner-occupied62.6%
Vacant8.3%
Price-to-income3.4x
Est. income to buy$43,000