The story of this market
The typical home in ZIP 19124 sells for about $190,000, or $145 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,124 a month.
ZIP 19124 — Philadelphia
The 19124 housing market remains affordable relative to the broader Philadelphia metro area, with a median listing price of $190,000. Market activity is characterized by steady demand for lower-priced inventory, though high poverty rates and aging housing stock continue to influence long-term value appreciation. Current conditions are stable, with limited new development and a reliance on existing residential stock.
This ZIP is primarily suited for budget-conscious renters and first-time homebuyers looking for proximity to Philadelphia's employment core without the premium prices of more central neighborhoods.
Median prices moved down 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.6% · poverty 30.7% — elevated distress and economic pressure.
Built from 985 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 8.0%/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 2.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19124, Philadelphia County PA
Crime rates in the 19124 area are significantly higher than the national average, with property and violent crime trends remaining a persistent concern for local residents compared to regional benchmarks.
Public schools serving the area generally receive lower performance ratings, with many institutions facing challenges in meeting state academic proficiency standards.
The area is primarily urban with standard municipal risk profiles; flood and wildfire risks are generally low, though aging infrastructure remains a factor in insurance considerations.
Economic momentum is driven by proximity to Philadelphia's industrial and service sectors, though large-scale new development is limited by the area's dense, established urban footprint.
Property taxes are assessed by Philadelphia County based on the city's uniform millage rate, with additional school district levies applied to all residential parcels.
Residents benefit from access to SEPTA transit lines and major corridors like I-95, providing a direct commute into Center City Philadelphia.
The area features local neighborhood parks and proximity to the Frankford Creek greenway, with basic retail and dining options concentrated along major commercial arteries.
The rental market is characterized by high demand for affordable units, with a significant share of the housing stock occupied by renters and limited new supply entering the market.
The local economy is heavily influenced by the broader Philadelphia labor market, with significant employment in healthcare, education, and logistics sectors.
The area is well-served by SEPTA bus routes and the Market-Frankford Line, facilitating transit-oriented commuting to Center City.
Development is largely focused on infill projects and the rehabilitation of existing residential structures rather than large-scale new construction.
Parcels are subject to the School District of Philadelphia tax levies and standard municipal utility service districts.
Property insurance premiums are influenced by the urban density and age of the housing stock, with standard coverage available through major regional carriers.
Data retrieved from Census Reporter and United States Zip Codes profiles.
- Adventure Aquarium4.65.2 mi
- Sesame Place Philadelphia4.116.5 mi
- Diggerland USA4.416.5 mi
- Franklin Square4.65.2 mi
- Thrillz High Flying Adventure Park4.514.7 mi
- Lincoln Financial Field4.68.8 mi
- Citizens Bank Park4.78.5 mi
- Xfinity Mobile Arena4.59 mi
- Philadelphia Museum of Art4.85.9 mi
- Pennsylvania Convention Center Philadelphia4.55.6 mi
- Philadelphia Museum of Art4.85.9 mi
- Parx Casino4.110.2 mi
- Adventure Aquarium4.65.2 mi
- Liberty Bell4.65.5 mi
- Philadelphia Zoo4.56.3 mi
- Philadelphia Museum of Art4.85.9 mi
- Liberty Bell4.65.5 mi
- Philadelphia Museum of Art Steps4.75.9 mi
- The Franklin Institute4.65.9 mi
- Independence Hall4.75.6 mi
- Philadelphia Zoo4.56.3 mi
- JFK Plaza (Love Park)4.55.8 mi
- Franklin Square4.65.2 mi
- FDR Park4.59.2 mi
- Morris Arboretum & Gardens of the University of Pennsylvania4.88.6 mi
- Cooper River Park4.66.4 mi
- Gillin Boathouse, Saint Joseph's University/St. Joseph's Preparatory School4.65.8 mi
- Riverton Yacht Club4.73.8 mi
- Dredge Harbor Boat Center LLC4.76 mi
- Penn's Landing Marina4.75.6 mi
- Topgolf Mount Laurel4.410.2 mi
- Topgolf Philadelphia4.18 mi
- Philadelphia Cricket Club4.89.6 mi
- Union League Liberty Hill4.79.6 mi
- Ramblewood Country Club4.310.4 mi
- Reading Terminal Market4.75.6 mi
- Cherry Hill Mall4.46.2 mi
- Deptford Mall4.312.7 mi
- Willow Grove Park4.48.8 mi
- Franklin Mall4.28.5 mi
- Philadelphia International Airport3.812.7 mi
- Trenton-Mercer Airport3.923.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and walking paths for residents.
Major commercial corridor serving the local community with various retail and dining options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).