Home prices
The median home in Philadelphia costs $163,000. Compared to nearby areas it is about $41,880 (20%) lower.It is approximately $54,500 (25%) lower in comparison to the rest of the country, and compared to the city of New York is roughly $443,000 (73%) lower.
Rents
The median monthly rent in Philadelphia is $1,042. This is about $95 (8%) lower in comparison to its surrounding areas.Compared to the rest of the nation it is roughly $20 (1%) lower, and is about $401 (27%) lower compared to the city of New York.
Nearby places
Palmyra
Palmyra is Philadelphia's neighbor to the east. Its real estate prices are a bit more expensive. The cost of the median home in Palmyra is $175,200, which works out to $12,200 (6%) higher than Philadelphia. Rents there are a little more expensive. Palmyra's median rent is $1,356 per month, which comes out to $314 (23%) higher than Philadelphia.
Camden
Camden is Philadelphia's neighbor to the south. Real estate prices there are significantly less expensive. The cost of the median home in Camden is $84,000, which is $79,000 (94%) lower than Philadelphia. The rent there is somewhat less expensive. Camden's median rent is $922 a month, which works out to $120 (13%) lower than Philadelphia.
Riverton
Riverton is Philadelphia's neighbor to the east. The housing prices there are substantially more expensive. The median home in Riverton is valued at $300,500, which works out to $137,500 (45%) higher than Philadelphia. The rent there is a little more expensive. In Riverton the median rent is $1,379 per month, which works out to $337 (24%) higher than Philadelphia.
Rockledge
Rockledge is Philadelphia's neighbor to the north. Its housing prices are a bit more expensive. The median home in Rockledge costs $236,800, which is $73,800 (31%) higher than Philadelphia. The rent there is a bit less expensive. The median monthly rent in Rockledge is $962, which is $80 (8%) lower than Philadelphia.
Merchantville
Merchantville is approximately 5 miles southeast of Philadelphia. Real estate prices there are a bit more expensive. The median home in Merchantville is valued at $227,900, which is $64,900 (28%) higher than Philadelphia. Its rents are pretty similar. In Merchantville the median rent is $1,064 per month, which comes out to $22 (2%) higher than Philadelphia.
