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Philadelphia County, PA

RANK #583 / 996  ·  POP 1,593,208  ·  PA

PROJECTED GROWTH: +0.4%

Philadelphia County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Philadelphia County?

Philadelphia County, coextensive with the city of Philadelphia, is known as the "City of Brotherly Love," a name given by its founder, William Penn, in 1682. Situated in southeastern Pennsylvania along the Delaware and Schuylkill Rivers, it is approximately 90 miles northeast of New York City. The county offers extensive outdoor recreation, including Fairmount Park, one of the largest urban parks in the nation, and the Schuylkill River Trail, popular for biking, running, and walking. Commute options are varied, with the Southeastern Pennsylvania Transportation Authority (SEPTA) providing a comprehensive network of trains, subways, buses, and trolleys connecting the city and surrounding suburbs.

Life in Philadelphia County offers an urban-suburban mix, with many residents owning their homes. The city attracts a range of residents, from young professionals to families, drawn by its affordability compared to other major Northeast cities. While concerns about public safety and personal finances persist, residents generally express satisfaction with their housing. The economy is driven by various sectors, with recent investments in manufacturing, such as DrinkPAK's East Coast facility, and expansions in the life sciences industry, including Eurofins Lancaster Laboratories. The region also boasts a high concentration of higher education institutions, contributing to its identity as a center for academic research.

[02] Market Snapshot

Housing Ratio
3.1x

Undervalued relative to economy

GDP Growth
+1.5%

Below national median

Home Prices
+2.1%

Outpacing national median

Climate & Terrain
-0.5

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Philadelphia County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,593,208
-0.23% YoY
Median Household Income
$57,537
Median Home Value
$215,500
+2.1% 12mo
Median Rent
$1,250
Average Annual Pay
$83,187
+3.1% YoY
Employment
714,504
+1.8% YoY
Income-to-Home-Value
0.267
More affordable than average
Migration Inflow
1.72%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
69
Slower market
Months of Supply
5.5
Buyer's market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
19.9%
Listings w/ Price Drops
21.7%
Building Permits (2024)
2,962
Single-Family Permits
539

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth -0.2% 19 percentile
Income Growth +9.3% 68 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +2.1% 60 percentile
Rent Growth +2.5% 42 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Philadelphia County, PA a good place to move to?

Philadelphia County has a Boom Town Index score of 42/100, ranking #583 among 996 U.S. counties. With job growth at +1.8% and a median household income of $57,537, it faces some economic headwinds compared to faster-growing counties.

Is Philadelphia County affordable?

The median home value in Philadelphia County is $215,500 with median rent at $1,250/month. The income-to-home-value ratio is 0.267, which is more affordable than the national average.

Is Philadelphia County growing or shrinking?

Population growth: -0.2% year-over-year. Job growth: +1.8%. Home values changed +2.1% in the past 12 months.

[08] Similar Metros

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