Real Estate Investing in Philadelphia, Pennsylvania (19132)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19132 (Philadelphia, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.2% of homes vacant — above national norms.
- Declining values: -2.9% 5-year CAGR — values have moved lower.
- Elevated poverty: 31.7% poverty rate — can affect rent collection.
- Higher unemployment: 9.1% unemployment — tenant risk signal.
What’s happening in Philadelphia, PA (19132)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19132 Philadelphia
In Philadelphia's 19132 ZIP, the arithmetic favors hands-on owners. Median home values sits at $73K, leaving spread for capex-heavy BRRRR or reposition strategies.
BRRRR works in 19132 because the math supports it. Buy at $73K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
Across PA, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 19132 posts both traits clearly.
A renter-heavy, wage-earner demographic anchors 19132. Value-add players rely on that mix — the 51% share is both the tenant source and the buyer pool for future owner-occupied exits.
Flippers with local expertise can do well in 19132. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Philadelphia:
Property Strategy for 19132
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $75,472 | $1,420 | 13.5% | +5.0% | $37,736 |
| 3BR | $65,147 | $1,700 | 18.8% | +1.4% | $21,716 |
| 4BR | $97,508 | $1,900 | 14.0% | -0.5% | $24,377 |
| 5BR | $148,705 | — | — | +4.8% | $29,741 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19132 Compare?
| Metric | 19132 | Philadelphia | Pennsylvania |
|---|---|---|---|
| Home Value | $72,543 | $260,324 | $278,018 |
| 5-Year CAGR | N/A | 1.2% | 6.3% |
| Avg Rent | $1,419 | $1,659 | - |
| Cap Rate | 15.3% | 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 19132 (Philadelphia, PA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 19132 (Philadelphia, PA)?
~25 seconds · no account needed · your report is anonymous
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 | $72,543 |
| Monthly Rent | $1,419 |
| Price-to-Rent | 4.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 23.5% |
| Cap Rate | 15.3% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | -2.9% ▼ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The estimated cap rate (15.3%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19132
Population: 31,627
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 19132
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 9,802 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Philadelphia, PA?
Rental rates in Philadelphia, PA average $1,419/mo. Tenant demand and $73K home values make the yield look reasonable by investor standards.
Does rental property in Philadelphia, PA pass the 1% rule?
The 1% rule is solid territory for Philadelphia, PA. Rent-to-price at the median is 1.96%, putting many properties within striking distance.
Should investors consider Philadelphia, PA?
With a 4.0/5 investability score, Philadelphia, PA ranks as a solid market for rental property investors. Median prices of $73K and rents of $1,419/mo drive the underlying numbers.
What is the typical home price in Philadelphia, PA?
Homes in Philadelphia, PA typically sell near $73K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can owner-occupants cash flow in Philadelphia, PA?
Philadelphia, PA offers an attractive house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,419/mo rent level.
You know 19132 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 19132 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 19132 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 19132 (Philadelphia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 19132 (Philadelphia, PA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.