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Philadelphia County, PA

RANK #644 / 996 NAT  ·  #29 / 44 PA  ·  POP 1,593,208

1YR FORECAST: +0.3%

5YR OUTLOOK: +20%

Philadelphia County's housing market is projected to grow +0.3% over the next year, below the national average.

[01] Why Philadelphia County?

Philadelphia County, coextensive with the city of Philadelphia, is known as the "City of Brotherly Love," a name given by its founder, William Penn, in 1682. Situated in southeastern Pennsylvania along the Delaware and Schuylkill Rivers, it is approximately 90 miles southwest of New York City. The county offers extensive outdoor recreation, including Fairmount Park, one of the largest urban parks in the nation, and the Schuylkill River Trail, popular for biking, running, and walking. Commute options are varied, with the Southeastern Pennsylvania Transportation Authority (SEPTA) providing a comprehensive network of trains, subways, buses, and trolleys connecting the city and surrounding suburbs.

Life in Philadelphia County offers an urban-suburban mix, with many residents owning their homes. The city attracts a range of residents, from young professionals to families, drawn by its affordability compared to other major Northeast cities. While concerns about public safety and personal finances persist, residents generally express satisfaction with their housing. The economy is driven by various sectors, with recent investments in manufacturing, such as DrinkPAK's East Coast facility, and expansions in the life sciences industry, including Eurofins Lancaster Laboratories. The region also boasts a high concentration of higher education institutions, contributing to its identity as a center for academic research.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.5%

Below national median

Home Prices
+2.1%

Outpacing national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Pennsylvania and Penn Medicine Healthcare
    25,000+
  2. 2
    Thomas Jefferson University and Jefferson Health Healthcare
  3. 3
    Children's Hospital of Philadelphia Healthcare
    10,000+
  4. 4
    The Giant Company Retail
  5. 5
    Temple University and Health System Healthcare
  6. 6
    City of Philadelphia Government
  7. 7
    Federal Government Government
  8. 8
    School District of Philadelphia Education
  9. 9
    American Airlines Inc. Logistics
  10. 10
    Southeastern PA Transportation Authority (SEPTA) Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Philadelphia County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,593,208
-0.23% YoY
Median Household Income
$57,537
Median Home Value
$215,500
+2.1% 12mo
Median Rent
$1,250
Average Annual Pay
$83,187
+3.1% YoY
Employment
714,504
+1.8% YoY
Income-to-Home-Value
0.267
More affordable than average
Migration Inflow
1.72%
of pop. from another state
Bachelor's Degree+
33.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
69
Slower market
Months of Supply
5.5
Buyer's market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
19.9%
Listings w/ Price Drops
21.7%
Building Permits (2024)
2,962
Single-Family Permits
539

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
26.1
per 100K · nat avg 6.3
Firearm Fatalities
30.4
per 100K · nat avg 14.8
Injury Deaths
138.6
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
54.7
Moderate
Good Air Days
34%
375 of 1,095 days
Unhealthy+ Days (3yr)
29
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
54
2022
52
2023
58
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth -0.2% 19 percentile
Income Growth +9.3% 68 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +2.1% 60 percentile
Rent Growth +2.5% 42 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Philadelphia County, PA a good place to move to?

At 35/100, Philadelphia County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $57,537 combined with job growth of +1.8% suggests the local economy is struggling to keep pace with national trends.

Is Philadelphia County affordable?

Housing in Philadelphia County is roughly in line with national affordability norms. The median home costs $215,500 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,250/month. Not a bargain, but not a stretch for most local earners either.

Is Philadelphia County growing or shrinking?

Employers in Philadelphia County are hiring — job growth of +1.8% — but the population is close to flat (-0.2% YoY). Home values moved +2.1% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Philadelphia County?

Not particularly — 1.72% of Philadelphia County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Venango County, PA 33 Cumberland County, PA 33 Berks County, PA 31 Luzerne County, PA 31 Delaware County, PA 40 Chester County, PA 40 St. Louis County, MO 34 El Paso County, TX 36