Department of Numbers

Philadelphia County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Philadelphia County PA was $969 in 2017 according to the Census ACS survey.1 Average gross rent in Philadelphia County was $959 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Philadelphia County median and average rent data will be released in September of 2019.

Data is also available below for Philadelphia County rental vacancy rates, Philadelphia County rent as a percent of median income and the fraction of renters in Philadelphia County.

Show dollars as: Nominal Real

Real Gross Rent in Philadelphia County Pennsylvania (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Pennsylvania Median Gross Rent $893 -0.22% +2.88%
Philadelphia County PA Median Gross Rent $969 -2.22% +1.15%

Philadelphia County PA Real Gross Rent Trends

Median gross rent for Philadelphia County peaked in real terms in 2016 at $991 and is now $22 (2.22%) lower. Average gross rent for Philadelphia County peaked in real terms in 2016 at $1,035 and is now $76 (7.34%) lower.

Real Gross Rent: Philadelphia County PA Median, Philadelphia County PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Philadelphia County

Date US
Median
Pennsylvania
Median
Philadelphia County PA
Median
Philadelphia County PA
Average
2017 $1,012 $893 $969 $959
2016 $996 $895 $991 $1,035
2015 $987 $893 $979 $1,014
2014 $956 $868 $958 $971
2013 $924 $846 $932 $955
2012 $912 $823 $904 $917
2011 $912 $823 $894 $905
2010 $927 $827 $906 $924
2009 $931 $816 $905 $912
2008 $947 $834 $914 $928
2007 $899 $781 $877 $876
2006 $909 $791 $888 $881

Philadelphia County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Philadelphia County Pennsylvania was 6.30% according to Census ACS data.

Rental Vacancy Rate in Philadelphia County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Philadelphia County PA 6.30% -0.67% -1.83%

Trends in Philadelphia County PA Rental Vacancy Rate

The rental vacancy rate in Philadelphia County peaked in 2006 at 12.39%. Since then it has fallen by 6.09% to 6.30%. Data records for this series originated in 2005.

Rental Vacancy Rate: Philadelphia County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Philadelphia County

Date US Pennsylvania Philadelphia County PA
2017 6.18% 5.84% 6.30%
2016 5.89% 5.77% 6.97%
2015 5.85% 5.77% 7.21%
2014 6.32% 6.40% 8.13%
2013 6.49% 5.78% 6.50%
2012 6.77% 5.88% 7.89%
2011 7.40% 6.13% 7.68%
2010 8.17% 6.47% 7.27%
2009 8.43% 6.80% 9.06%
2008 7.86% 6.65% 9.17%
2007 7.87% 7.34% 10.15%
2006 7.70% 8.09% 12.39%

Rent as a Fraction of Income

Using median household income data for Philadelphia County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Philadelphia County, median monthly gross rent as a fraction of median household income was 29.25% in 2017 according to the ACS.

Philadelphia County Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Pennsylvania 18.10% -0.47% -1.01%
Philadelphia County PA 29.25% +0.99% +0.48%

Trends in Philadelphia County PA Rent as a Fraction of Income

The fraction of median Philadelphia County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 29.92%. Since then it has fallen by 0.68% to 29.25%.

Fraction of Income towards Rent: Philadelphia County PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in Philadelphia County Pennsylvania

Historical Data for Annual Rent as a Fraction of Income in Philadelphia County Pennsylvania

Date US Pennsylvania Philadelphia County PA
2017 20.13% 18.10% 29.25%
2016 20.43% 18.58% 28.26%
2015 20.63% 18.70% 27.71%
2014 20.89% 19.12% 28.77%
2013 20.78% 19.11% 29.74%
2012 20.65% 18.69% 29.71%
2011 20.70% 18.78% 29.92%
2010 20.50% 18.58% 29.16%
2009 20.12% 17.88% 26.53%
2008 19.00% 17.18% 25.83%
2007 18.66% 16.92% 26.13%
2006 18.90% 17.22% 26.94%

Renter Fraction in Philadelphia County Pennsylvania

You can calculate the renter fraction in Philadelphia County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Philadelphia County as a fraction of total Philadelphia County households. In 2017 51.02% of households were renters according to Census ACS data.

Philadelphia County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Pennsylvania 31.70% +0.20% +0.53%
Philadelphia County PA 51.02% +3.16% +3.03%

Trends in the Philadelphia County PA Renter Fraction

At 51.02%, the 2017 household based renter fraction in Philadelphia County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Philadelphia County PA, Pennsylvania, US

Fraction of renters in Philadelphia County

History of Philadelphia County Renter Fraction

Date US Pennsylvania Philadelphia County PA
2017 36.13% 31.70% 51.02%
2016 36.88% 31.50% 47.86%
2015 36.97% 31.28% 47.35%
2014 36.90% 31.17% 47.99%
2013 36.50% 31.05% 49.00%
2012 36.09% 31.09% 47.82%
2011 35.42% 30.51% 45.99%
2010 34.65% 29.87% 45.90%
2009 34.13% 29.48% 45.36%
2008 33.36% 29.15% 43.77%
2007 32.80% 28.36% 42.56%
2006 32.73% 28.28% 41.75%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.