Pennsylvania Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Philadelphia's housing market has stratified sharply — neighborhoods like Fishtown, Graduate Hospital, and East Passyunk have gentrified rapidly with prices exceeding $500,000 for rowhouses, while much of North and West Philadelphia offers homes under $100,000. Pittsburgh's market continues to benefit from its transformation into a tech and healthcare hub, with neighborhoods like Lawrenceville, East Liberty, and Squirrel Hill seeing strong appreciation. The Lehigh Valley (Allentown, Bethlehem) has attracted New York and New Jersey overflow, and State College maintains a tight market around Penn State University.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Pennsylvania?

The Pennsylvania housing market is showing balanced conditions.

home values have grown a moderate 2.5% year-over-year. there are currently 844 homes on the market.

Median Home Value

$278,429

Zillow Home Value Index

Year-over-Year

+2.5%

Home value change

5-Year Change

+29.5%

Since 2021

Median Rent

$1,225/mo

Zillow Observed Rent Index

Active Listings

844

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Pennsylvania vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Pennsylvania: $1,225/mo (+3.7% YoY)

Rent vs. Buy Analysis

With a median home value of $278,429 and average rent of $1,225/mo, the price-to-rent ratio in Pennsylvania is 18.9. A ratio of 15-21 means it could go either way — run the numbers.

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