Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$386,048+2.5% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$83,687About 0.9× the local median income ($93,537): affordable for a typical household
Days on market48 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.0%Zillow expects prices to rise slightly
The typical home in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is worth $386,048, up 2.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $357,686, so the area is 7.9% overvalued. It is a balanced market: homes take about 48 days to sell, listings are up 20% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.0% over the next year. A household needs about $83,687 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,537. Typical rent is $1,903 a month, or $2,292 for a house. In the latest IRS figures, 15,102 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$386,048
Change in 1 year
+2.5%
Overvalued %
+7.9%
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Fair home value
$357,686
Change in 5 years
+28.0%
Zillow forecast, next 12 months
+2.0%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$2,092
Income needed to afford it
$83,687
Property tax rate
1.44%
Rent and investing
Typical rent
$1,903
Typical rent for houses
$2,292
Price-to-rent ratio
16.9×
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HUD Fair Market Rent, 2 bedrooms
$1,860
Gross rental yield
5.92%
Cap rate (estimate)
3.85%
Market activity
Listings vs a year ago
+19.7%
Days on market
48
Listings with a price cut
20.0%
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Homes for sale
14,429
Pending sales per 100 listings
50
Asking price per sq ft
$227
People and jobs
Median household income
$93,537
Population change (1 year)
+0.3%
Unemployment rate
5.9%
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Population
6,329,118
Income adjusted for cost of living
$91,167
Net moves in (IRS)
−15,102
Cost of living (US = 100)
102.6
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
94.5
Unhealthy air days a year
4
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Flood risk score
96.2
Wildfire risk score
48.3
Walkability (1 to 20)
11.7
Road, rail and air noise
53 dB
Questions people ask
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD overvalued?
Home prices in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD are slightly above what local incomes have historically supported: fair value is about $357,686, so the area is 7.9% overvalued.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a buyer's or seller's market?
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is a balanced market: homes take about 48 days to sell, listings are up 20% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Home values in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD are up 2.5% over the last year. Zillow's forecast for the next 12 months is +2.0%.
How much do you need to earn to buy a home in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
A household needs about $83,687 a year to afford the typical home in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,537.