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Philadelphia PA

Current market read
Landlord’s market
ConditionFirm
RentersLandlords
The yearly data reads a landlord's market, and the recent monthly signals are holding steady.
From public data. The situation now, not a forecast.
Renter Google Search InterestGOOGLE · MONTHLY
Rank
7of 43 metros
Up 1 place this month
See the full picture with Pro · $39/month

Attention, not a verdict. Google searches for apartments to rent.

Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Steady
Holding steady this month, no signal is pulling hard either way.
Job growthBLS · MONTHLY
+0.6%
▲ Hiring, past 12 months
JUL ’25JUN ’26
See the 12-month trend with Pro
VacancyCENSUS · 2024
5%FIRM
Share of rentals sitting empty
Asking rentZILLOW ZORI · MONTHLY
+2.8%
▲ Year over year
Older annual rent growth, Census
PHILADELP
+7.6%
US AVG
+4.7%
Median rentCENSUS · 2024
$1,567/mo
Typical rent, 2024 yearly count
20162024
See the multi-year trend with Pro
In the news · PhiladelphiaNEWS · DAILY
RealPage, Willow Bridge face class-action lawsuit in Philadelphia20D AGOS3 Capital Provides $24M Construction Loan for Philly Apartments22D AGOJLL Arranges Trophy Seniors Housing Portfolio Sale29D AGO
Demand vs supplyCENSUS + BLS
Weak demand
DEMAND
SUPPLY
DEMAND
Jobs+0.6%
Migration-2.02/1k
SUPPLY
Permits-2.2%
Vacancy5%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,105/mo
Cheaper to rent than buying
$1,567
RENT
$2,672
OWN
Net migrationCENSUS · 2024
−2.02/1k
▼ Net outflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.