Real Estate Investing in Philadelphia, Pennsylvania (19116)
Should you buy in 19116 (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 (19116)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19116 Philadelphia
ZIP 19116 in Philadelphia, PA carries a impressive set of headwinds. Home values near $398K and rents of $1,867/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $398K asset, 19116 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 19116's metrics run below Philadelphia County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 19116 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19116
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $280,002 | $1,560 | 4.0% | +6.1% | $140,001 |
| 3BR | $392,642 | $1,870 | 3.4% | +6.4% | $130,881 |
| 4BR | $409,862 | $2,090 | 3.7% | +5.5% | $102,466 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19116 Compare?
| Metric | 19116 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $398,198 | $261,887 | $278,018 |
| 5-Year CAGR | 4.9% | 1.9% | 6.3% |
| Avg Rent | $1,867 | $1,659 | - |
| Cap Rate | 3.7% | 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 19116 (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 | $398,198 |
| Monthly Rent | $1,867 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.7%). 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 19116
Population: 33,421
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 19116
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Murray Avenue Sch
Lower Moreland HS
Rydal El Sch
Decatur Stephen Sch
Fitzpatrick Aloysius L Sch
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
What are vacancy rates like in Philadelphia, PA?
Vacancy in Philadelphia, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,867/mo.
Is housing expensive in Philadelphia, PA?
Philadelphia, PA home values average about $398K. That price point suits investors targeting rentals with $1,867/mo in monthly income.
How do experienced investors play Philadelphia, PA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Philadelphia, PA. The numbers - $398K homes against $1,867/mo rents - support that play.
Is rental property easy to operate in Philadelphia, PA?
The landlord environment in Philadelphia, PA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do landlords charge for rent in Philadelphia, PA?
Expect rents around $1,867/mo per month in Philadelphia, PA. With home values at $398K, the yield math works out to reasonable levels for rental investors.
See what 19116 really looks like for investors
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