Real Estate Investing in Philadelphia, Pennsylvania (19123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19123 (Philadelphia, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
What’s happening in Philadelphia, PA (19123)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19123 Philadelphia
The 19123 ZIP covers a section of Philadelphia that demands careful diligence. Prices near $467K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 19123 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within PA, ZIP 19123 trails on several market indicators that neighboring Philadelphia County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The 19123 ZIP's population of 19,327 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
tilts toward 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 19123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $309,780 | $1,940 | 4.5% | +0.3% | $309,780 |
| 2BR | $412,332 | $2,310 | 4.0% | +0.8% | $206,166 |
| 3BR | $577,309 | $2,770 | 3.5% | +3.2% | $192,436 |
| 4BR | $711,443 | $3,090 | 3.1% | +2.5% | $177,861 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19123 Compare?
| Metric | 19123 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $467,359 | $260,324 | $278,018 |
| 5-Year CAGR | 0.9% | 1.2% | 6.3% |
| Avg Rent | $2,125 | $1,659 | - |
| Cap Rate | 3.6% | 5.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19123 (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 | $467,359 |
| Monthly Rent | $2,125 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.7% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 19123
Population: 19,327
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 19123
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Allen Dr Ethel Sch
Bache-Martin Sch
Barry Comm John Sch
Blaine James G Sch
Brown Henry A 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
Investor Insight: With 9,802 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Philadelphia, PA a smart market for rental property?
Investors tracking Philadelphia, PA will find a 2.0/5 rating supported by $467K median home values and $2,125/mo rents. That profile suits long-term holders targeting steady returns.
How qualified is the tenant pool in Philadelphia, PA?
Tenant quality in Philadelphia, PA ranks as solid. Landlords generally report predictable occupancy at market rents of $2,125/mo.
How high is vacancy risk in Philadelphia, PA?
Philadelphia, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What investment strategy works best in Philadelphia, PA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Philadelphia, PA. The numbers - $467K homes against $2,125/mo rents - support that play.
How much rent can I charge in Philadelphia, PA?
The typical rental in Philadelphia, PA commands about $2,125/mo monthly. That rent profile reliable cash flow against the $467K purchase basis.
You know 19123 now. You don’t know where it ranks.
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How 19123 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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