Real Estate Investing in Philadelphia, Pennsylvania (19106)
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Should you buy in 19106 (Philadelphia, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.2% of homes vacant — above national norms.
- Declining values: -0.7% 5-year CAGR — values have moved lower.
What’s happening in Philadelphia, PA (19106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19106 Philadelphia
ZIP 19106 in Philadelphia, PA carries a solid set of headwinds. Home values near $406K and rents of $2,182/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 19106 can be a worth a close look for hunting ground — but the discount at $406K reflects genuine risk that outside investors often underestimate.
On balance, 19106 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 19106 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 19106 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $306,719 | $2,280 | 5.4% | -0.2% | $306,719 |
| 2BR | $508,024 | $2,720 | 3.9% | +0.4% | $254,012 |
| 3BR | $978,998 | $3,260 | 2.4% | +1.0% | $326,333 |
| 4BR | $1,463,543 | $3,640 | 1.8% | +2.5% | $365,886 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19106 Compare?
| Metric | 19106 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $406,189 | $260,324 | $278,018 |
| 5-Year CAGR | N/A | 1.2% | 6.3% |
| Avg Rent | $2,182 | $1,659 | - |
| Cap Rate | 4.2% | 5.6% | - |
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 19106 (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 | $406,189 |
| Monthly Rent | $2,182 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | -0.7% ▼ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 19106
Population: 14,421
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 19106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Bache-Martin Sch
Brown Henry A Sch
Camden High School
Childs George W Sch
Cooper's Poynt Family 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
Investor Insight: With 646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Philadelphia, PA?
Yes - Philadelphia, PA a 3.0/5 investability score. With $406K home prices against $2,182/mo monthly rent, the market delivers a reasonable entry point for new investors.
What strategy should investors use in Philadelphia, PA?
Most investors in Philadelphia, PA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the renter demographic in Philadelphia, PA?
The renter base in Philadelphia, PA is reasonable for the $2,182/mo price point. Screening well and pricing to market typically yields reliable tenants.
Does a duplex house hack pencil in Philadelphia, PA?
House hacking in Philadelphia, PA is reasonable to execute. Prices around $406K and rents of $2,182/mo solid owner-occupant economics.
What are rental rates like in Philadelphia, PA?
Philadelphia, PA rentals go for roughly $2,182/mo a month. That puts gross yield in solid territory relative to $406K acquisition costs.
You know 19106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 19106 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 19106 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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