The story of this market
The typical home in ZIP 19104 sells for about $197,000, or $114 per square foot.
Prices are down 19.8% from a year ago, which gives buyers more room to negotiate. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,364 a month.
ZIP 19104 — Philadelphia
The 19104 housing market is currently experiencing downward pressure on prices, with a significant year-over-year decline in median sale price and price per square foot. The market is heavily influenced by its transient student population and high renter concentration, leading to a rental-dominant landscape. Sales volume and inventory metrics suggest a cooling trend compared to previous periods.
This ZIP is primarily suited for students, university faculty, and young professionals due to its proximity to major educational institutions and high density of rental housing.
Median prices moved down 19.8% year over year.
Homes spend a median of 67 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 92% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.6% · poverty 36.8% — elevated distress and economic pressure.
Built from 400 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZCTA 19104, Philadelphia County, PA
The area is anchored by major academic and medical institutions, including the University of Pennsylvania and Drexel University, which drive significant economic and development activity.
The ZIP is centrally located in Philadelphia with high accessibility to the city's employment core via public transit and major thoroughfares.
The area features proximity to the Schuylkill River Trail and various university-affiliated recreational facilities and urban parks.
The rental market is characterized by high demand driven by the student population, with a significant inventory of apartments and multi-family units.
The economy is heavily driven by the education and healthcare sectors, anchored by the University of Pennsylvania and Drexel University.
The area is well-served by SEPTA regional rail, subway lines, and bus routes, providing robust connectivity to Center City and the broader region.
Ongoing institutional expansion projects by local universities and medical centers continue to shape the development pipeline.
Data sourced from ZCTA 19104 census profiles.
- Adventure Aquarium4.63.5 mi
- Diggerland USA4.417.6 mi
- Franklin Square4.62.4 mi
- Thrillz High Flying Adventure Park4.511.9 mi
- The Funplex4.316.1 mi
- Lincoln Financial Field4.64.2 mi
- Citizens Bank Park4.73.9 mi
- Xfinity Mobile Arena4.54.1 mi
- Philadelphia Museum of Art4.80.9 mi
- Pennsylvania Convention Center Philadelphia4.51.7 mi
- Philadelphia Museum of Art4.80.9 mi
- Adventure Aquarium4.63.5 mi
- Liberty Bell4.62.5 mi
- Philadelphia Zoo4.50.9 mi
- The Franklin Institute4.61.2 mi
- Philadelphia Museum of Art4.80.9 mi
- Liberty Bell4.62.5 mi
- Philadelphia Museum of Art Steps4.70.9 mi
- The Franklin Institute4.61.2 mi
- Independence Hall4.72.5 mi
- Philadelphia Zoo4.50.9 mi
- JFK Plaza (Love Park)4.51.6 mi
- Franklin Square4.62.4 mi
- FDR Park4.53.9 mi
- Morris Arboretum & Gardens of the University of Pennsylvania4.89.1 mi
- Cooper River Park4.67.6 mi
- Gillin Boathouse, Saint Joseph's University/St. Joseph's Preparatory School4.62.4 mi
- Penn's Landing Marina4.73 mi
- Gloucester City Marina4.55.6 mi
- Wiggins Park Marina4.43.6 mi
- Aronimink Golf Club4.711.9 mi
- Philadelphia Cricket Club4.810.5 mi
- Union League Liberty Hill4.78.7 mi
- RiverWinds Golf & Tennis Club4.37.1 mi
- Merion Golf Club4.76.9 mi
- Reading Terminal Market4.72 mi
- Cherry Hill Mall4.49.1 mi
- Deptford Mall4.310.2 mi
- H Mart Philadelphia4.67.2 mi
- Linvilla Orchards4.512.7 mi
- Philadelphia International Airport3.86.4 mi
- Trenton-Mercer Airport3.929.7 mi
- Wilmington Airport4.329.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and research hub.
Major regional recreational trail along the river.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).