Market Snapshot
- Median listing price
- $262K
- Median rent
- $1,635/mo
- Days on market
- 396 days
- Gross rental yield
- 7.49%
- STR vs LTR
- $1,707/mo STR · $1,635/mo LTR
The median listing price in Philadelphia, PA ZIP 19104 is $261,950 as of July 2026.
The median market rent in Philadelphia, PA ZIP 19104 is $1,635/month as of July 2026.
The median days on market in Philadelphia, PA ZIP 19104 is 396 days as of July 2026. The market is currently hot.
At a median list price of $261,950 and a median rent of $1,635/month, the gross rental yield in Philadelphia, PA ZIP 19104 is 7.49% as of July 2026.
In Philadelphia, PA ZIP 19104, median Airbnb revenue is $1,707/month compared to median long-term rent of $1,635/month as of July 2026.
Philadelphia, PA 19104 Real Estate Market Report
ZIP Code: 19104
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Philadelphia 19104 are approximately 6.6%, which is 0.6% higher than the sub-6% rates observed in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary indicator, median sold price, is 189,950, which reflects recent transaction-level market value and, combined with a reported down price year-over-year trend, signals localized price softening despite a stronger metro backdrop.
- There is a notable spread between the median listing price of 261,950 and the median sold price of 189,950, which may indicate seller pricing optimism and pricing friction that could slow negotiated deals if sellers do not adjust expectations.
- The market shows slower sales velocity with a median days on market of 396, suggesting prolonged listing lifecycles and reduced transaction tempo for SFR and condominium properties in the sample.
- Rental fundamentals remain supportive with a median market rent of 1,635 and an upward rent year-over-year trend; however, elevated interest rate pressure and a current 30-year fixed rate of 6.6% (about 0.6% higher than earlier in 2026) create financing headwinds that may constrain owner-occupant purchasing power despite a hot market temperature.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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