The story of this market
The typical home in ZIP 19116 sells for about $399,000, or $271 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,254 a month.
ZIP 19116 — Philadelphia
The 19116 housing market remains stable with steady demand for single-family homes and moderate price appreciation. Low inventory levels continue to support pricing, though buyers are increasingly sensitive to interest rates and affordability constraints.
This ZIP is well-suited for families and commuters seeking a balance between urban accessibility and established residential neighborhoods with moderate price points.
Median prices moved up 4.2% year over year.
Homes spend a median of 32 days on market with 2.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 14.8% — a stable, low-distress profile.
Built from 438 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.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19116, Philadelphia County PA
Crime rates in the 19116 area are generally lower than the Philadelphia city average, though property crime remains a primary concern consistent with regional urban trends.
Schools serving the area are part of the School District of Philadelphia, with performance varying significantly by individual school site.
The area is primarily urban with low flood risk, though standard property insurance in Philadelphia is influenced by regional weather patterns and aging infrastructure.
Economic momentum is driven by proximity to major Philadelphia employment hubs and local retail corridors, with steady infill development.
Property taxes are assessed by the City of Philadelphia; the effective rate is lower than the state average, reflecting specific municipal assessment practices.
Residents benefit from proximity to I-95 and the Roosevelt Boulevard, providing direct access to Center City Philadelphia and suburban employment centers.
The area features access to local community parks and is within short driving distance of major shopping centers and dining districts in Northeast Philadelphia.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of multi-family and single-family rental properties.
The economy is anchored by healthcare, education, and retail sectors, with many residents commuting to Center City for professional services.
The area is served by SEPTA bus routes and is positioned near major highway arteries for regional connectivity.
Development is largely focused on maintaining existing housing stock and minor commercial upgrades along major thoroughfares.
The Office of Property Assessment (OPA) manages the assessment of all real estate within Philadelphia County.
Parcels are subject to the School District of Philadelphia and municipal tax levies.
Property insurance premiums are stable, reflecting the area's low exposure to major natural disasters.
Pennsylvania is a judicial foreclosure state requiring court intervention.
Sellers are required to provide a comprehensive property disclosure statement regarding the condition of the home.
Data retrieved from Census Bureau ZCTA-level tables.
- Adventure Aquarium4.613.3 mi
- Sesame Place Philadelphia4.18.7 mi
- Franklin Square4.613.3 mi
- The Funplex4.311.9 mi
- Topgolf Mount Laurel4.411.2 mi
- Lincoln Financial Field4.617 mi
- Citizens Bank Park4.716.7 mi
- Xfinity Mobile Arena4.517.1 mi
- Philadelphia Museum of Art4.813.8 mi
- Peddler's Village4.716.2 mi
- Parx Casino4.12.9 mi
- Sesame Place Philadelphia4.18.7 mi
- Shady Brook Farm4.510.1 mi
- AMC Cherry Hill 243.712.4 mi
- The Funplex4.311.9 mi
- Philadelphia Museum of Art4.813.8 mi
- Liberty Bell4.613.6 mi
- Peddler's Village4.716.2 mi
- Philadelphia Museum of Art Steps4.713.8 mi
- The Franklin Institute4.613.9 mi
- Morris Arboretum & Gardens of the University of Pennsylvania4.811.4 mi
- Wissahickon Valley Park4.811.7 mi
- Tyler State Park4.88.2 mi
- Neshaminy State Park4.65.2 mi
- Abington Art Center4.85.9 mi
- Neshaminy State Park4.65.2 mi
- Neshaminy State Marina4.76.1 mi
- Dredge Harbor Boat Center LLC4.76.1 mi
- Riverton Yacht Club4.76.9 mi
- Pennsylvania Yacht Club4.64.6 mi
- Topgolf Mount Laurel4.411.2 mi
- Topgolf Philadelphia4.10.6 mi
- Philadelphia Cricket Club4.811.4 mi
- Five Ponds Golf Club4.49.2 mi
- Huntingdon Valley Country Club4.64.7 mi
- Cherry Hill Mall4.412 mi
- Willow Grove Park4.46.3 mi
- Franklin Mall4.23.1 mi
- H Mart Philadelphia4.67.5 mi
- Shady Brook Farm4.510.1 mi
- Philadelphia International Airport3.820.8 mi
- Trenton-Mercer Airport3.915.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large green space offering trails and outdoor recreation.
Major retail corridor serving the local community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).