Real Estate Investing in Philadelphia, Pennsylvania (19124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19124 (Philadelphia, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 25.3% poverty rate — can affect rent collection.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
What’s happening in Philadelphia, PA (19124)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19124 Philadelphia
ZIP 19124 inside Philadelphia County looks affordable on the surface — median value of $174K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $174K asset, 19124 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within PA, ZIP 19124 trails on several market indicators that neighboring Philadelphia County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 19124 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 19124 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $155,704 | $1,400 | 6.5% | +7.6% | $77,852 |
| 3BR | $171,628 | $1,680 | 7.0% | +5.8% | $57,209 |
| 4BR | $219,074 | $1,870 | 6.1% | +5.9% | $54,769 |
| 5BR | $253,817 | — | — | +7.4% | $50,763 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19124 Compare?
| Metric | 19124 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $173,867 | $260,324 | $278,018 |
| 5-Year CAGR | 2.8% | 1.2% | 6.3% |
| Avg Rent | $1,219 | $1,659 | - |
| Cap Rate | 5.5% | 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 19124 (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 | $173,867 |
| Monthly Rent | $1,219 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +3.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). 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 19124
Population: 70,763
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 19124
Schools in This ZIP Code
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 4,742 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Philadelphia, PA for investors?
Philadelphia, PA rates 3.0/5 for investability. With median values at $174K and rents near $1,219/mo, the market offers reasonable fundamentals for rental investors.
What do rentals go for in Philadelphia, PA?
Rents in Philadelphia, PA run near $1,219/mo. Compared with median home prices of $174K that produces solid gross yields for typical rentals.
What type of investing works 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 it like being a landlord in Philadelphia, PA?
Landlord-friendliness in Philadelphia, PA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How high is vacancy risk in Philadelphia, PA?
Vacancy in Philadelphia, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,219/mo.
You know 19124 now. You don’t know where it ranks.
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How 19124 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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