The story of this market
The typical home in ZIP 19140 sells for about $110,000, or $130 per square foot.
Prices are up +14.88% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,172 a month.
ZIP 19140 — Philadelphia
The 19140 housing market is characterized by steady price appreciation and high demand for affordable urban housing. While inventory remains tight, the area's strong transit connectivity and relative affordability continue to drive interest from first-time buyers and investors. Figures for specific metrics like months of supply and sale-to-list ratios are based on current market portal data.
This ZIP is well-suited for budget-conscious renters and first-time homebuyers looking for historic urban housing stock with excellent transit access to employment hubs.
Median prices moved up 14.9% year over year.
Homes spend a median of 58 days on market with 5.1 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 16.1% · poverty 37.3% — elevated distress and economic pressure.
Built from 674 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 9.7%/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 2.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 19140, Philadelphia County, PA
The area experiences higher crime rates compared to the national average, consistent with urban density patterns in North Philadelphia.
Public schools in the area are primarily served by the School District of Philadelphia, with performance ratings generally falling below state averages.
The area is primarily urban with low wildfire risk, though localized urban flooding can occur during heavy rain events due to aging infrastructure.
Economic momentum is driven by local retail, healthcare services, and proximity to the Temple University health corridor, though large-scale commercial development is limited.
Property taxes are assessed by the City of Philadelphia; the city utilizes a uniform tax rate applied to the assessed market value, with various homestead exemptions available for owner-occupants.
The area offers strong transit connectivity via SEPTA regional rail and bus lines, providing efficient access to Center City Philadelphia.
Residents have access to local neighborhood parks and community centers, with Hunting Park serving as a primary green space for outdoor recreation.
The rental market is deep with a high renter-occupancy rate; demand remains steady due to the area's affordability relative to the broader Philadelphia metro.
The local economy is anchored by healthcare, education, and retail services, with many residents commuting to Center City for professional employment.
The area is highly accessible via the Broad Street Line subway and extensive SEPTA bus network, facilitating a car-free commute for many residents.
Development is largely characterized by infill projects and the adaptive reuse of older residential and industrial buildings.
The Philadelphia Office of Property Assessment (OPA) conducts annual assessments of all properties for tax purposes.
Parcels are subject to the School District of Philadelphia and city-wide municipal tax levies.
Property insurance premiums are influenced by the urban density and age of housing stock, with standard coverage widely available.
Pennsylvania is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property disclosure statement covering the condition of the home and known defects.
Data retrieved from Census Reporter and ACS ZCTA profiles.
- Adventure Aquarium4.64.7 mi
- Sesame Place Philadelphia4.118.9 mi
- Diggerland USA4.418.3 mi
- Franklin Square4.63.9 mi
- Thrillz High Flying Adventure Park4.511.9 mi
- Lincoln Financial Field4.67.7 mi
- Citizens Bank Park4.77.4 mi
- Xfinity Mobile Arena4.57.8 mi
- Philadelphia Museum of Art4.83.7 mi
- Pennsylvania Convention Center Philadelphia4.54 mi
- Philadelphia Museum of Art4.83.7 mi
- Adventure Aquarium4.64.7 mi
- Liberty Bell4.64.3 mi
- Parx Casino4.112.7 mi
- Philadelphia Zoo4.53.8 mi
- Philadelphia Museum of Art4.83.7 mi
- Liberty Bell4.64.3 mi
- Philadelphia Museum of Art Steps4.73.7 mi
- The Franklin Institute4.64 mi
- Independence Hall4.74.4 mi
- Philadelphia Zoo4.53.8 mi
- JFK Plaza (Love Park)4.54.1 mi
- Franklin Square4.63.9 mi
- FDR Park4.57.9 mi
- Morris Arboretum & Gardens of the University of Pennsylvania4.86.5 mi
- Cooper River Park4.67.7 mi
- Gillin Boathouse, Saint Joseph's University/St. Joseph's Preparatory School4.62.8 mi
- Riverton Yacht Club4.76.9 mi
- Penn's Landing Marina4.74.8 mi
- Wiggins Park Marina4.45 mi
- Topgolf Philadelphia4.110.2 mi
- Philadelphia Cricket Club4.87.7 mi
- Union League Liberty Hill4.77.1 mi
- RiverWinds Golf & Tennis Club4.311.2 mi
- Ramblewood Country Club4.312.9 mi
- Reading Terminal Market4.74.1 mi
- Cherry Hill Mall4.48.2 mi
- Deptford Mall4.312.8 mi
- Willow Grove Park4.48.9 mi
- Franklin Mall4.211.2 mi
- Philadelphia International Airport3.810.9 mi
- Trenton-Mercer Airport3.925.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large historic public park providing sports fields and community space.
Major regional medical anchor providing essential services and employment.
Key-figure check: median price diverges 36.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $149,900 (+36.3% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.