What is the median home price in Philadelphia?

The median home price in Philadelphia, PA is currently in the $255k – $295k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Philadelphia?

Stabilized rental cap rates in Philadelphia, PA typically fall in the 6.0% – 8.5% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What is the average days on market in Philadelphia?

Days on market in Philadelphia, PA currently runs 38 – 55 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Philadelphia?

Median rent in Philadelphia, PA is $1,500 – $1,850 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · PA · 2026 data

Fix and Flip in Philadelphia, PA

Deep rowhouse stock; sub-$300k entry; multi-unit conversion friendly.

Philadelphia market thesis

Philadelphia has one of the deepest sub-$300k rowhouse inventories of any major Northeast metro — making it a top market for individual operators looking for B-tier BRRRR and rowhouse Fix & Flip. The city's tax abatement program (10-year tax abatement on new construction / substantial rehab) sweetens the underwriting on heavier projects.

Key metrics

$255k – $295k

Median home price

DealIntel · 2026-04

$1,500 – $1,850 / mo

Median rent

DealIntel · 2026-04

38 – 55 days

Days on market (median)

DealIntel · 2026-04

6.0% – 8.5%

Stabilized cap rate range

DealIntel · 2026-04

$55 – $105

Typical rehab cost / sqft

DealIntel · 2026-04

+18% to +26%

5-year appreciation

DealIntel · 2026-04

-0.1% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Philadelphia

FishtownPremium flip, retail-buyer pull
BrewerytownGentrification path, mid-rehab BRRRR
Point BreezePremium rowhouse flip
Kensington (West)Sub-$200k entry, intensive operations
Mt. Airy / GermantownMulti-unit + family flip

Best strategies for Philadelphia

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Philadelphia, PA. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Philadelphia

10-year tax abatement on substantial rehab (recently scaled back but still material)
Education + healthcare anchor (Penn, Drexel, Temple)
Deep sub-$300k rowhouse inventory

Kill flags — common ways Philadelphia deals fail

L&I (Licenses & Inspections) permit timelines run 6-12 weeks
Older stock with structural rowhouse party-wall issues
Tax assessment can spike post-rehab (BRRRR DSCR risk)

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Philadelphia

Philadelphia permits ADUs in most RSD zones. Multi-unit conversion is permitted in RM-1 zones with by-right + RM-2 with variance. The 10-year tax abatement, while reduced in 2022, still applies to substantial rehab.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Philadelphia property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04