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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04