Philadelphia Housing Market 2026
| Metric | Philadelphia |
|---|---|
| Median Home Price | $242,000 |
| 20% Down Payment | $48,400 |
| Loan Amount (80% LTV) | $193,600 |
| Est. P&I @ 6.5% 30yr | $1,224/mo |
| Median Household Income | $52,649/year |
| State Income Tax | 3.07%+3.75% city |
Monthly Payment at Different Prices
| Home Price | 20% Down | P&I @ 6.5% | P&I @ 7% |
|---|---|---|---|
| $169,000 | $33,800 | $855/mo | $899/mo |
| $206,000 | $41,200 | $1,042/mo | $1,096/mo |
| $242,000 | $48,400 | $1,224/mo | $1,288/mo |
| $278,000 | $55,600 | $1,406/mo | $1,480/mo |
| $315,000 | $63,000 | $1,593/mo | $1,677/mo |
Calculate Your Exact Philadelphia Mortgage
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What is the average home price in Philadelphia?
The median home price in Philadelphia is approximately $242,000 as of 2026.
Can I afford a home in Philadelphia on $52,649?
With a median income of $52,649 and median home price of $242,000, the price-to-income ratio in Philadelphia is 4.6×. Most financial advisors recommend a home price no more than 3–5× your annual income.
Related: PITI Calculator · PMI Calculator