Zip 19116 (Philadelphia, PA) Housing

The housing market in 19116 Philadelphia, PA is strong and growing. The median value of a home in 19116 Philadelphia, PA is $346,600 compared to the US median home value of $338,100. In the past year, the US house appreciation rate was 8.27%, but in 19116 Philadelphia, PA it was 6.96%. Those numbers demonstrate that despite being slightly lower than the national average, the housing market in 19116 Philadelphia, PA is still healthy and growing steadily.

The median home cost in Philadelphia (zip 19116) is $346,600. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Philadelphia (zip 19116) is up 7.1%.

Average Age of Homes

- The median age of Philadelphia (zip 19116) real estate is 49 years old

The Rental Market in Philadelphia (zip 19116)

- Renters make up 39.0% of the Philadelphia (zip 19116) population
- 2.2% of houses and apartments in Philadelphia (zip 19116), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Philadelphia, Pennsylvania	United States
	14,015.0	139,647,020.0
	53	42
	$346,600	$338,100
	7.1%	16.6%
	41.9%	57.0%
	74.4%	101.1%
	$10.85	$10.98
	$2,934	$2,690
	54.7%	57.4%
	4.4%	11.2%
	40.9%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.7%	0.4%
	0.5%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.8%	2.4%
	0.5%	2.8%
	0.4%	3.9%
	1.2%	4.5%
	2.4%	11.3%
	6.5%	13.0%
	56.0%	20.1%
	25.2%	13.6%
	3.7%	8.3%
	2.3%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.9%	13.6%
	1.9%	13.6%
	6.3%	13.6%
	9.9%	13.2%
	22.4%	14.8%
	6.3%	13.6%
	13.0%	10.0%
	3.0%	4.7%
	2.8%	12.2%

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