Philadelphia, PA Real Estate

According to census data in the year 2000 there were 661,958 housing units in Philadelphia. This represents a 1.9% decline from 674,899 in 1990.

Of those housing units, 661,958 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Philadelphia is about 59.3%. Philadelphia's vacancy rate, including seasonal lodging, is about 10.9%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Philadelphia were built after 1945.


Housing Size

Housing Units by Size
Studio Type4.40%
One Bedroom17.20%
Two Bedrooms22.10%
Three Bedrooms44.60%
Four Bedrooms7.90%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1943
Median Value of occupied units$59,700
Median Price asked for vacant units$45,300

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1950
Median Monthly Rent asked for vacant units$444

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.10%
Home Equity Loan5.90%
Simple Mortgage44.40%
Debt Free44.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%