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Prototype · sample data

Prototype of a planned home-buying brokerage for the 50 largest U.S. cities. Not a licensed brokerage in any state, and no brokerage services are offered. Listings, people and companies are sample data; market statistics are real public data, cited where shown.

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Trends · Pennsylvania

House prices and costs in Philadelphia, PA

How house prices moved across 47 Philadelphia ZIP codes, what buyers here borrowed and paid, what's new and how buying works in Pennsylvania. Public data, with sources and dates. Past change, not a forecast.

Philadelphia, PA house prices +2.8% in the year to 2026 Q2 (FHFA, purchases)

7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.

How house prices moved in Philadelphia, 2022–2025

Of 43 ZIPs with enough data, 30 rose 7% or more, 0 fell 7% or more and 7 moved less (no clear change); 6 swung too much from year to year to rank. Past rankings are a weak guide: of the ZIPs in their city's top 3 for 2019–2022, 25 of 134 (about 1 in 5) were top 3 again for 2022–2025; chance alone would give about 21. Past change, not a forecast.

FHFA's experimental ZIP house price index: houses with Fannie Mae or Freddie Mac loans, from sales and refinance appraisals. Condos, co-ops and multi-unit buildings aren't in it. Tap a ZIP to see it on the map.

Largest house-price rises, 2022–2025

3-year change of the ZIP index; ZIPs with an index every year, 5,000+ residents and 1,000+ owner-occupied homes. Left out as too jumpy: a ZIP whose index rose 7% or more in one year and fell as much in another. Each year's change below.

  1. 1ZIP 191422023 +4.1% · 2024 +19.8% · 2025 +9.4%+36.4%
  2. 2ZIP 191312023 -2.6% · 2024 +12.6% · 2025 +10.7%+21.4%
  3. 3ZIP 191322023 -2.5% · 2024 -1.7% · 2025 +25.9%+20.7%
  4. 4ZIP 191202023 +5.7% · 2024 +6.4% · 2025 +4.7%+17.8%
  5. 5ZIP 191222023 +3.8% · 2024 +3.1% · 2025 +9.2%+16.9%

Largest house-price falls, 2022–2025

3-year change of the ZIP index; ZIPs with an index every year, 5,000+ residents and 1,000+ owner-occupied homes. Left out as too jumpy: a ZIP whose index rose 7% or more in one year and fell as much in another. Each year's change below.

No Philadelphia ZIP's house prices fell 7% or more from 2022 to 2025.

Lowest owner-reported values

Median value owners report (Census ACS 2020–2024). Left out: ZIPs under 1,000 residents, less reliable estimates, and ZIPs where most owners live in condos or co-ops.

  1. 1ZIP 19132± $9.1K · ≈ $623/mo housing payment (est.) on a house, 20% down$81K
  2. 2ZIP 19133± $12K · ≈ $676/mo housing payment (est.) on a house, 20% down$90K
  3. 3ZIP 19140± $6.4K · ≈ $792/mo housing payment (est.) on a house, 20% down$107K
  4. 4ZIP 19142± $7.1K · ≈ $881/mo housing payment (est.) on a house, 20% down$121K
  5. 5ZIP 19139± $19K · ≈ $965/mo housing payment (est.) on a house, 20% down$134K

Population grew most

Residents, 2015–2019 to 2020–2024 (Census ACS): only changes larger than the margin of error, in ZIPs with 1,000+ residents.

  1. 1ZIP 1912141,574 residents+28.4%
  2. 2ZIP 191026,195 residents+20.4%
  3. 3ZIP 1912225,439 residents+17.4%
  4. 4ZIP 1910614,597 residents+15.9%
  5. 5ZIP 1914450,580 residents+15.3%

Public loan records · 2025

What buyers here actually borrowed and paid (2025)

2025 home-purchase loans (first liens) on owner-occupied 1–4 unit homes in Philadelphia's census tracts: 9,783 loans. These are loans that closed in Philadelphia, not offers: a rate depends on your credit, down payment, points and the day you lock it.

Interest rate, 30-year fixed (conventional)
6.249% to 6.875%Middle half of loans; median 6.5% · 6,356 loans
Loan costs at closing
$4,767 to $8,086Middle half; median $5,960. Origination charges (points included) and settlement services, Closing Disclosure section D · 6,764 loans
Borrowed, every loan on the home combined
95% of the value (median)Middle half 80% to 97.6%. 68.6% of buyers borrowed more than 80% of the value, 55.5% more than 90%, 40.7% more than 95%. HMDA's combined loan-to-value: every loan on the home (second loans, down-payment-assistance loans and financed FHA or VA fees too) ÷ the value the lender used, so it doesn't show the cash buyers put down · 9,380 loans
Loan types
Conventional 73.6% · FHA 22.9%VA 3.5% · USDA 0%
Discount points
45.4% of loans paid pointsMedian paid: $2,061. Points buy a lower rate.
Loan limits, 2026
$832,750 conformingAbove it, a jumbo loan with its own rates and rules; FHA limit $630,200 (one-unit home, Philadelphia County)

For comparison: 7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR. Source: FFIEC Home Mortgage Disclosure Act (HMDA) data: 2025 Snapshot National Loan-Level Dataset (data as of June 1, 2026), via the CFPB HMDA Data Browser; Homiy's calculations (2025 loans; retrieved 2026-09-27).

Research · dated and sourced

What's new in Philadelphia

Rail openings, zoning changes and big projects from primary sources, newest first. Stars on the map mark the ones with a location. News, not a price forecast.

  1. Rail opened

    PATCO Franklin Square station reopens

    The rebuilt station returns to passenger service after decades closed. This is a reopening, not a new PATCO line.

    Near ZIPs 19102, 19106, 19107, 19108, 19123

    DRPA/PATCO, Franklin Square reopening
  2. Project

    Park at Penn’s Landing construction is launched

    The highway-cap park project begins, intended to reconnect Old City and the waterfront. This is a groundbreaking milestone, not an opened park.

    KieranTimberlake, Park at Penn’s Landing groundbreaking (project architect)

Metro area · public data

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

House prices, year to 2026 Q2
+2.8%FHFA purchase-only index for Philadelphia, PA
House prices, 5 years to 2026 Q2
+27.0%FHFA purchase-only index for Philadelphia, PA
House prices, 2025
+5.6%All sales and refinances, like the ZIP figures; 2022–2025: +14.6%
New homes permitted
2.2 per 1,000 residents14,215 homes · +9.4% vs a year earlier · Sep 2025–Aug 2026
Jobs, 12 months
+0.8%Aug 2026 (preliminary)
Population, July 2020 to July 2025
+1.4%6,329,118 residents in July 2025 (Census estimates)
Mortgage rate benchmark
7.03%Freddie Mac average, week of Sep 24, 2026

7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR. New homes permitted is a supply signal: more permits per resident usually means more homes coming to market. Jobs, permits and population cover the whole metro.

Natural hazards, compared with other U.S. counties

  • Philadelphia County, PA: expected yearly losses rated very high for heat wave, winter weather; expected yearly losses rated relatively high for earthquake, hurricane, coastal flooding, inland flooding, tornado.
    Other ratings for Philadelphia County, PA
    • WildfireVery Low
    • HailRelatively Moderate

FEMA National Risk Index December 2025: Expected Annual Loss rating of each hazard, by county (NRI December 2025): expected annual losses to buildings, people and agriculture; FEMA's social-vulnerability adjustments aren't included. This describes each county, not this home. Check the address on FEMA's flood map; in a high-risk flood zone, a federally backed loan requires flood insurance.

Sources (12)

Research summary · not legal advice

How buying works in Pennsylvania

The usual steps, deadlines and closing costs for a purchase in Philadelphia, from state law, standard contract forms and local custom. Contracts can change any of it. Homiy is a prototype: it isn't a licensed brokerage in Pennsylvania and offers no services here.

Who runs the closing
A title company runs the closing and holds the money. Typical time from contract to keys: about 45 days.
The contract
Your signed offer becomes a binding contract once the seller accepts it.
Details

Pennsylvania Association of REALTORS Standard Agreement for Sale of Real Estate (ASR)

Buyer agreement
Pennsylvania written buyer agency contract and Consumer Notice, signed before touring.
Details

Homiy's prototype requires a written agreement before a represented tour. NAR's rule binds participating MLS brokers; do not describe it as a universal state law. Compensation is negotiable and total brokerage pay cannot exceed the agreement.

Source: NAR: written buyer agreements before touring (MLS participation rule, not a universal state statute) (reviewed 2026-09-27)

Inspection
About 10 days for inspections.
Details

Inspection rights and response/negotiation periods come from the agreement. 10 calendar days is a negotiable sample planning period, not a statutory deadline.

Earnest money
1–3% of the price, due within 3 days, held by: Named broker escrow or title/settlement escrow.
Details

Sample only: delivery within 3 calendar days and 1–3% earnest money; the signed contract controls. Buyer delivery is distinct from the holder's statutory deposit deadline.

Seller's disclosure
Seller's Property Disclosure Statement, 68 Pa.C.S. Chapter 73
Details

Covered residential sellers disclose known material defects before signing; statutory exemptions apply. The statute is not an automatic three-day rescission window; use contractual contingencies and legal remedies.

Source: Pennsylvania 68 Pa.C.S. Chapter 73: seller disclosures (reviewed 2026-09-27)

Loan and appraisal
Loan contingency: 30 days (set in the contract).
Details

30-day financing period and the typical closing time are sample planning assumptions, not measured averages or legal rights. Financing and appraisal protection require the signed form/addenda; an appraisal shortfall is not automatically protected.

Title insurance
The buyer customarily pays for the owner's policy.
Details

Payer is a negotiable local custom, not a mandatory charge; obtain a title quote and follow the signed allocation. Filed insurer/rating-bureau rates are not a state-promulgated price. A simultaneous loan policy may be included or discounted under the filed rate; avoid charging two full premiums.

Property tax for a new owner
Your property tax follows the county's assessed market value. About 1.4% of the price a year is our planning figure for Philadelphia; your bill can differ.
Details

Use the assessor's current taxable value, assessment ratio and parcel tax district. Price is only a planning proxy; exemptions, revaluations, credits and special assessments are not inherited automatically.

Published City+School rate0.6159%+0.7839%=1.3998% of OPA assessment; city page labels this 2025, still displayed when reviewed 2026-09-27. No automatic purchase-price reassessment claim. Homestead exemption/abatement not assumed; new buyer must verify eligibility and expiration. HOA range and lender-title percentage are SAMPLE inputs.

Agent credits to the buyer
Pennsylvania allows an agent to credit part of their pay to the buyer, with the lender's approval.
Details

RELRA §604(a)(19) bars undisclosed rebates; document the transaction-party credit, broker approval and lender/closing disclosure. Not payment for unlicensed services.

Source: Pennsylvania RELRA §604(a)(19): undisclosed rebates prohibited (reviewed 2026-09-27)

Closing taxes

Closing taxes in Philadelphia, who customarily pays and the rate
TaxCustomarily paid byRate
Pennsylvania realty transfer taxSplit 50/501% of the pricePennsylvania Department of Revenue: realty transfer tax
Philadelphia city realty transfer taxSplit 50/503.578% of the pricePhiladelphia Revenue: city realty transfer rate increased to 3.578%

Programs and after you buy

Down-payment help
Keystone Advantage Assistance Loan (Pennsylvania Housing Finance Agency (PHFA))A second mortgage for purchase costs: up to 4% of the price or market value, or $6,000, whichever is less.Official page, checked 2026-09-28.Pennsylvania's housing finance agency runs it; the program decides who qualifies and for how much.
Down-payment help in Philadelphia
Philly First Home Program (City of Philadelphia)Helps first-time homebuyers with a down payment or closing costs.Official page, checked 2026-09-28.
Homestead exemption
Get the Homestead Exemption (City of Philadelphia)Reduces the assessed value of a property you own and live in by $100,000; once approved, you don't reapply unless the deed changes.Deadline: December 1 (October 1 to see it on the next bill)Official page, checked 2026-09-28.
If you disagree with your assessment
Appeal forms and instructions (Philadelphia Board of Revision of Taxes)Market value appeals go to the Board of Revision of Taxes.When: October 5, 2026 for a 2027 market value appealOfficial page, checked 2026-09-28.
After you buy: alerts on your deed
Deed Fraud Guard (Philadelphia Department of Records)Register for free and get an email when a document is recorded with your name, so you can review it.Official page, checked 2026-09-28.
Sources (8)

Methodology

How we measure, and what it isn't

Past change, not a forecast. These figures describe the past from public data; they don't tell you where prices go next.

House prices by ZIP, and the rankings

FHFA's experimental ZIP house price index: houses with Fannie Mae or Freddie Mac loans, from sales and refinance appraisals. Condos, co-ops and multi-unit buildings aren't in it. It's built from repeat sales and refinance appraisals of the same homes, not average sale prices, and FHFA publishes no margin of error for it. We rank ZIPs by the change over the last 3 years, only where FHFA published the index in every one of them, and only ZIPs with 5,000+ residents and 1,000+ owner-occupied homes. A change smaller than 7% either way is “no clear change”: in our 50 cities, the index's own year-to-year swings suggest sampling alone can move a three-year change about that much. A ZIP whose index rose 7% or more in one year and fell as much in another is left out as too jumpy. We show rises and falls, each year's change, and the city's and metro's figures for the same years. Past rankings are a weak guide: of the ZIPs in their city's top 3 for 2019–2022, 25 of 134 (about 1 in 5) were top 3 again for 2022–2025; chance alone would give about 21. Many ZIPs, especially dense ones, have no index.

City and metro price figures

City: the resident-weighted average of its ZIPs that have an index (the ZIP card says when that's only part of the city). Metro: FHFA's all-transactions index over the same calendar years, the ZIPs' method; the metro card also shows FHFA's purchase-only index for the latest quarter against a year and five years earlier. Where FHFA splits a metro into divisions (New York, Miami, Detroit and others), the division's index, named where it's shown. Jobs, permits and population always cover the whole metro.

Payment ÷ income

Monthly housing payment (est.) on a house at the ZIP's median value: 20% down · 30-year fixed at 7.03% (Freddie Mac average) · 360 monthly loan payments · APR not calculated (it depends on the lender's fees) · includes principal and interest, property tax, home insurance and any HOA dues, plus mortgage insurance below 20% down. Property tax uses Philadelphia's rule for a new buyer (about 1.4% of the price a year, our planning figure); insurance is a typical premium. Not included: upkeep, utilities, flood insurance, special assessments. Divided by a month of the ZIP's median household income. The Census reports values over $2 million and incomes over $250,000 only as “or more”, so those shares are bounds (“at least”, “at most”). Left out where 50% or more of owner-occupied homes are in buildings with 5+ units: their HOA dues or co-op charges aren't in the payment. It combines two estimates, so no margin is computed. 7.03% is Freddie Mac's average 30-year fixed rate for the week of Sep 24, 2026, for buyers with 20% down and excellent credit. It isn't an offer or an APR.

Census figures and margins of error

American Community Survey 5-year estimates, 2020–2024: the median value owners report for their homes (it lags sale prices; co-op owners report the value of their shares), median rent with utilities, median household income, residents, and the property tax and monthly costs owners report. Each comes with its 90% margin of error (±). Figures whose margin is 20–49% of the estimate are marked “less reliable” and left out of rankings and tags; figures with wider margins aren't shown. A population change (from 2015–2019) is shown only when it passes the Census Bureau's 90% significance test; otherwise it says “no clear change”. Philadelphia's own figures come from the Census's estimates for the city itself where published; otherwise they blend its ZIPs (no margin computed). Lists leave out ZIPs with fewer than 1,000 residents.

Tags

Lower home values:
The median value owners report is in the lowest quarter of the city's ZIPs (Census ACS). Less reliable estimates and ZIPs where most owners live in condos or co-ops aren't compared.
Population grew:
Residents rose 5% or more between the two latest five-year Census surveys, by more than the margin of error.
Mostly condos or co-ops:
Half or more of owner-occupied homes are in buildings with 5 or more units. Values there leave out HOA dues and co-op charges, so they aren't ranked.
New rail nearby:
A rail station opened within about a mile in 2023–2026.

“New rail nearby” uses our dated news pins: a ZIP whose center is within 1,600 m of a station that opened, plus the ZIP the station sits in. No tag describes price momentum.

Hazards and flood insurance

FEMA's National Risk Index rates each county's expected yearly losses from each hazard against all U.S. counties; we show those Expected Annual Loss ratings for every county the city lies in, without FEMA's social-vulnerability adjustments. They describe counties, not homes. Flood insurance counts are policies and claims in the federal program (NFIP) only. Check an address's flood zone on FEMA's flood map.

What buyers borrowed and paid

Public HMDA loan records: home-purchase first liens on owner-occupied 1–4 unit homes in the city (the card names the area covered), with the number of loans behind each figure. Loans that closed, not offers or quotes.

Neutral by design

We describe prices, payments, population counts, construction and rail lines. We don't describe places by who lives there, schools or crime, and we don't call areas “up-and-coming”, “transitional” or “safe”. Choose where to live for your own reasons.

Sources and dates