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Philadelphia city, PA

ZIP 19118 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 19118

Median Home Value
$688,000
Median Rent
$1,691
Affordability Snapshot
$189,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,420/mo PITI).

19%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.9 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 19118 in Philadelphia city, PA, a household would need roughly $189,000 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 $4,420. That is about 79% above the local median household income ($105,667), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
50.0%-24% vs US avg
x
Vacancy Rate
5.8%-43% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
12.0%-19% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
33.4%-13% vs US avg
x
$688,000
Home Value
$1,691
Rent
1945
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached24.3%
  • 1-unit attached29.3%
  • 2-9 units19.3%
  • 10+ units27.1%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$688,000
Median rent$1,691
Owner-occupied50.0%
Vacant5.8%
Price-to-income6.5x
Est. income to buy$189,000