Philadelphia, PA home prices
Typical home $386,048 · +2.5% in a year · income needed $108,700
The Philadelphia, PA metro area ranks 169 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.5% in a year and +28.0% over five years. With 20% down at 7.11%, the typical home costs about $2,536 a month including 0.82% property tax (Philadelphia County rate).
Mortgage on the typical Philadelphia home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $77,210 | $308,838 | $2,078 | $0 | $458 | $2,536 | $108,700 |
| 10% down | $38,605 | $347,443 | $2,337 | $145 | $458 | $2,940 | $126,000 |
| 5% down | $19,302 | $366,746 | $2,467 | $153 | $458 | $3,078 | $131,900 |
| 3.5% down (FHA) | $13,512 | $379,056 | $2,550 | $171 | $458 | $3,179 | $136,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.82% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Philadelphia area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Philadelphia County, PA | $231,558 | +0.0% | 0.82% |
| Montgomery County, PA | $492,975 | +2.6% | 1.35% |
| Bucks County, PA | $523,860 | +3.3% | 1.31% |
| Delaware County, PA | $362,572 | +2.6% | 1.84% |
| New Castle County, DE | $366,105 | +1.4% | 0.71% |
| Chester County, PA | $579,006 | +2.9% | 1.3% |
| Camden County, NJ | $353,585 | +4.2% | 2.83% |
| Burlington County, NJ | $418,637 | +2.2% | 2.26% |
| Gloucester County, NJ | $381,762 | +4.0% | 2.6% |
| Cecil County, MD | $383,362 | +1.4% | 0.89% |
| Salem County, NJ | $297,450 | +3.1% | 2.93% |
What can you afford in Pennsylvania on your salary? · Pennsylvania home prices · Salaries in Pennsylvania
Frequently asked questions
How much is a house in Philadelphia?
The typical home in the Philadelphia, PA metro area is worth $386,048 (Zillow, September 2026).
What salary do you need to buy a house in Philadelphia?
About $108,700 a year for the typical home with 20% down at 7.11%.