Real Estate Investing in Philadelphia, Pennsylvania (19115)
Should you buy in 19115 (Philadelphia, PA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Philadelphia, PA (19115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19115 Philadelphia
ZIP 19115 inside Philadelphia County looks affordable on the surface — median value of $389K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,564/mo on a $389K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 19115 sits below the stated 0.0% once reality is priced in.
From an investor standpoint, 19115 offers a low basis, the region around Philadelphia has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 19115 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. solid returns are possible in 19115, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $163,823 | $1,310 | 5.8% | +8.8% | $163,823 |
| 2BR | $264,656 | $1,560 | 4.2% | +8.4% | $132,328 |
| 3BR | $389,900 | $1,870 | 3.5% | +6.4% | $129,967 |
| 4BR | $461,867 | $2,090 | 3.3% | +6.8% | $115,467 |
| 5BR | $615,196 | — | — | +6.3% | $123,039 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19115 Compare?
| Metric | 19115 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $388,654 | $261,887 | $278,018 |
| 5-Year CAGR | 4.7% | 1.9% | 6.3% |
| Avg Rent | $1,564 | $1,659 | - |
| Cap Rate | 3.1% | 5.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19115 (Philadelphia, PA). Anonymous, moderated, never written by AI.
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Property managers serving Philadelphia County
Manage rentals here? List your business →Atlas Property Management is a boutique team offering personal service for single-family rentals across Napa Valley, serving Napa, Yountville, St. Helena, Calistoga, Sonoma, American Canyon, Hiddenbro summary from their website
Citified Realty & Property Management provides management services for single-family, multi-family, and commercial units in Philadelphia, focusing on tenant satisfaction. summary from their website
Chapel Realty Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $388,654 |
| Monthly Rent | $1,564 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -8.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19115
Population: 34,737
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 19115
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Comly Watson Sch
Fox Chase Sch
Holme Thomas Sch
John Hancock Demonstration Sch
Swenson Arts and Technology High School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Philadelphia, PA?
Philadelphia, PA home values average about $389K. That price point suits investors targeting rentals with $1,564/mo in monthly income.
Is Philadelphia, PA good for landlords?
Philadelphia, PA falls under PA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the best play in Philadelphia, PA?
For Philadelphia, PA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the investability score for Philadelphia, PA?
Yes - Philadelphia, PA a 3.0/5 investability score. With $389K home prices against $1,564/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are renters plentiful in Philadelphia, PA?
Working renters make up the core of the Philadelphia, PA tenant base. The pool is reasonable for investors targeting long-term holds.
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