Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Philadelphia, PA

Housing in Philadelphia, PA: Rent, Home Prices & Property Tax

$1,530/mo (1 bd) in Philadelphia. Median home $326,700. Property tax 1.32%.

Compare vs Chicago Rank metros from PhiladelphiaHow we figure this

Rent (1 bd): $1,530; /mo
Buy: $2,311; Mortgage, tax, insurance
Buying costs more: $781; /mo

State tax and rent

To buy

20% down payment$65,340
Mortgage at 6.5%$1,652
Property tax (1.32% of value)$359/mo · $4,312/yr
Insurance and upkeep$299
Monthly total$2,311

48% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,437 left each month. About 27 months (2.3 years) to save $65,340.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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