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Philadelphia, Pennsylvania

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Data-driven estimates for Philadelphia — with the methodology behind every number.

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Philadelphia market snapshot

Median Sale Price
$500K
Median Days on Market
55 days
Active Listings
344

RentCast market data · Philadelphia County County, Pennsylvania

About Philadelphia, Pennsylvania

Philadelphia ( FIL-ə-DEL-fee-ə), colloquially referred to as Philly, is the most populous city in the U.S. state of Pennsylvania, and the sixth-most populous city in the United States, with a Census-estimated population of 1,574,281 in July 2025.

The Philadelphia metropolitan area (also called the Delaware Valley) has 6.33 million residents and is the nation's ninth-largest metropolitan area. Philadelphia is known for its culture, cuisine, and history, maintaining contemporary influence in business and technology, sports, and music.

Philadelphia was founded in 1682 by William Penn, an English Quaker and advocate of religious freedom, and served as the capital of the colonial era Province of Pennsylvania. It then played a vital role during the American Revolution and Revolutionary War. It served as the central meeting place for the nation's Founding Fathers in hosting the First Continental Congress (1774) and the Second Continental Congress, during which the Founders formed the Continental Army, elected George Washington as its commander, and adopted the Declaration of Independence on July 4, 1776. During the Revolutionary War's Philadelphia campaign, the city fell to the British Army, which occupied Philadelphia for nine months from September 1777 to June 1778. Following the end of the Revolutionary War, the U.S. Constitution was ratified at the Philadelphia Convention. Philadelphia remained the nation's largest city until 1790, and it served as the nation's first capital from May 10, 1775, until December 12, 1776, and on four subsequent occasions until 1800, when construction of the new national capital in Washington, D.C. was completed.

Philadelphia by the numbers

Population 1,582,432 · Median age 35.1 yrs · Census ACS 2023

Median household income

Philadelphia's median household income of $60,698 compares to $76,081 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Philadelphia is 35.1 yrs, compared to 40.9 yrs for Pennsylvania and 38.7 yrs nationally.

Gender split

Philadelphia is 47.4% male and 52.6% female, per Census ACS estimates.

Population trend — Philadelphia

Philadelphia's population grew 0.2% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

Pennsylvania government

Governor

Josh Shapiro

Democrat

U.S. Senators

House Representatives (17)

Source: Congress.gov, Wikidata. Federal legislators represent Pennsylvania statewide or by congressional district.

Philadelphia economy

Philadelphia's close geographical and transportation connections to other large metropolitan economies along the Eastern Seaboard of the United States have been cited as offering a significant competitive advantage for business creation and entrepreneurship. The city is the center of economic activity in both Pennsylvania and the four-state Delaware Valley metropolitan region. Five Fortune 500 companies are based in the city. As of 2021, the Philadelphia metropolitan area is estimated to produce a gross metropolitan product (GMP) of US$479 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the ninth-largest U.S. metropolitan economy. Philadelphia's economic sectors include financial services, health care, biotechnology, information technology, trade and transportation, manufacturing, oil refining, food processing, and tourism. Metropolitan Philadelphia is one of the top five American venture capital hubs, credited to its proximity to New York City's financial and tech and biotechnology ecosystems. Financial activities account for the largest economic sector of the metropolitan area, which is one of the largest health education and research centers in the United States. The city's two largest employers are the federal and city governments. Philadelphia's largest private employer is the University of Pennsylvania followed by Children's Hospital of Philadelphia.

Source: Wikipedia article on Philadelphia under CC BY-SA 4.0.

Philadelphia real estate news

Recent news about the Philadelphia housing market. Source: Google News.

Philadelphia real estate — frequently asked questions

What is the median home price in Philadelphia?
The median home sale price in Philadelphia, PA is $499,900, based on the most recent available sales data.
How long do homes stay on the market in Philadelphia?
Homes in Philadelphia sell in a median of 55 days.
What is the cost of living like in Philadelphia?
Philadelphia has a median household income of $60,698, per U.S. Census Bureau ACS estimates.
Who lives in Philadelphia?
Philadelphia has a population of 1,582,432 with a median age of 35.1 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Philadelphia?
Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Philadelphia market within 24 hours.

How it works

  1. 1

    Enter your address

    We pull public records and comparable sales for your Philadelphia property in seconds.

  2. 2

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    Three data-driven estimates — low, mid, and high — with the market context behind them.

  3. 3

    Connect with an expert

    A licensed Pennsylvania real-estate professional reaches out within 24 hours.

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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in Pennsylvania. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.