Renting in Philadelphia costs about $1,475 a month, and the typical home is listed at $189,000. That puts the price-to-rent ratio at 10.7: a typical home costs as much as 10.7 years of rent.
Philadelphia now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,475/mo | $1,405/mo |
| Typical list price | $189,000 | $195,000 |
| Price-to-rent ratio | 10.7 | — |
Rent is projected at -1.0% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (-8.1%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+6.8% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 19124 | $1,150/mo | 187 | $189,900 | 344 |
| 19120 | $1,349/mo | 89 | $215,000 | 227 |
| 19111 | $1,375/mo | 171 | $325,000 | 192 |
| 19143 | $1,500/mo | 455 | $199,000 | 503 |
| 19149 | $1,450/mo | 56 | $257,000 | 214 |
| 19134 | $1,450/mo | 389 | $115,000 | 704 |
| 19104 | $1,581/mo | 1,045 | $189,000 | 298 |
| 19140 | $1,350/mo | 255 | $115,000 | 443 |
| 19148 | $1,800/mo | 156 | $295,000 | 343 |
| 19144 | $1,365/mo | 439 | $180,000 | 305 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 10 of Philadelphia's 47 ZIP codes (the most populous, home to 37% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Philadelphia, PA?
Typical asking rent is $1,475 a month, across 3,242 active rental listings in 10 ZIP codes.
How much do homes cost in Philadelphia, PA?
The typical list price is $189,000, across 3,573 active sale listings in 10 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Philadelphia, PA?
About 10.7: the typical list price equals 10.7 years of typical rent. The higher the ratio, the more buying costs relative to renting.