The story of this market
The typical home in ZIP 19123 sells for about $450,000, or $325 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,740 a month.
ZIP 19123 — Philadelphia
The 19123 housing market remains stable, characterized by high demand for urban living and proximity to Center City. While price growth has moderated compared to previous years, the area continues to attract professional renters and buyers, supported by ongoing development in Northern Liberties.
This ZIP is ideal for young professionals, urban-dwelling commuters, and investors seeking proximity to Center City and a vibrant, walkable neighborhood culture.
Median prices moved down 2.1% year over year.
Homes spend a median of 42 days on market with 4.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 16.4% — a stable, low-distress profile.
Built from 377 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 4.2%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19123, Philadelphia County PA
The area experiences urban crime rates typical of central Philadelphia, with property crime being the primary concern. Trends remain consistent with broader city-wide patterns in the Northern Liberties and surrounding districts.
Public schools serving the area are part of the School District of Philadelphia, with performance varying significantly by specific school site and program offerings.
The area is primarily an urban environment with standard municipal fire and emergency services; flood risk is generally low, though localized urban drainage issues can occur during extreme weather events.
The area has seen significant residential and mixed-use development, particularly in the Northern Liberties section, driven by its proximity to Center City and ongoing urban revitalization efforts.
Property taxes are assessed by the City of Philadelphia; the jurisdiction utilizes a uniform tax rate applied to the assessed market value, with specific exemptions available for owner-occupied primary residences.
Residents benefit from excellent access to Center City via the Market-Frankford Line and multiple bus routes, making it a highly accessible location for commuters.
The area features proximity to the Delaware River waterfront, various local parks, and the vibrant dining and shopping corridors of Northern Liberties and Spring Garden.
The rental market is robust with high demand driven by young professionals and proximity to the urban core; vacancy rates remain relatively low despite new apartment inventory.
The economy is anchored by proximity to Center City's financial, healthcare, and educational institutions, with a strong local service and hospitality sector.
The area is served by the SEPTA Market-Frankford Line and extensive bus networks, providing high-frequency transit access to the regional employment core.
Ongoing urban infill projects continue to replace older industrial sites with modern residential and mixed-use buildings.
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Parcels are subject to the School District of Philadelphia and standard municipal utility districts.
Standard urban property insurance market; premiums are influenced by city-wide fire and theft risk profiles.
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Data retrieved from Census Bureau ZCTA-level tables.
- Adventure Aquarium4.61.5 mi
- Diggerland USA4.415.8 mi
- Franklin Square4.60.7 mi
- Thrillz High Flying Adventure Park4.513.7 mi
- The Funplex4.313.4 mi
- Lincoln Financial Field4.64.5 mi
- Citizens Bank Park4.74.2 mi
- Xfinity Mobile Arena4.54.6 mi
- Philadelphia Museum of Art4.81.9 mi
- Pennsylvania Convention Center Philadelphia4.51.1 mi
- Philadelphia Museum of Art4.81.9 mi
- Adventure Aquarium4.61.5 mi
- Liberty Bell4.61.1 mi
- Philadelphia Zoo4.52.7 mi
- The Franklin Institute4.61.5 mi
- Philadelphia Museum of Art4.81.9 mi
- Liberty Bell4.61.1 mi
- Philadelphia Museum of Art Steps4.71.8 mi
- The Franklin Institute4.61.5 mi
- Independence Hall4.71.1 mi
- Philadelphia Zoo4.52.7 mi
- JFK Plaza (Love Park)4.51.3 mi
- Franklin Square4.60.7 mi
- FDR Park4.54.8 mi
- Morris Arboretum & Gardens of the University of Pennsylvania4.89.5 mi
- Penn's Landing Marina4.71.5 mi
- Wiggins Park Marina4.41.7 mi
- Topgolf Mount Laurel4.412.8 mi
- Topgolf Philadelphia4.112.5 mi
- Philadelphia Cricket Club4.810.8 mi
- Union League Liberty Hill4.79.6 mi
- Ramblewood Country Club4.311.5 mi
- Reading Terminal Market4.71.1 mi
- Cherry Hill Mall4.46.6 mi
- Deptford Mall4.39.5 mi
- Willow Grove Park4.412.2 mi
- Franklin Mall4.212.9 mi
- Philadelphia International Airport3.88.2 mi
- Trenton-Mercer Airport3.927.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A dense concentration of restaurants, bars, and boutiques.
Provides access to trails and seasonal entertainment venues.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).