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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.40% |
| One Bedroom | 17.20% |
| Two Bedrooms | 22.10% |
| Three Bedrooms | 44.60% |
| Four Bedrooms | 7.90% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $59,700 |
| Median Price asked for vacant units | $45,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $444 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 44.40% |
| Debt Free | 44.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
