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What income do you need to buy in Old City?
About $161,000 a year to buy the typical Old City home, which sells for about $455,000.
- Typical sale price
- $455,000Median of 50 sales in the past 12 months
- Income needed
- $161,000A year, before taxes
- Cash needed up front
- $65,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $2,860 |
|---|---|
| Property tax | $534 |
| Insurance | $190 |
| Mortgage insurance | $171 |
| Total a month | $3,755 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Up 21.3% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | $420,000 | 23 |
| Q2 2025 | $369,950 | 38 |
| Q3 2025 | $362,450 | 22 |
| Q4 2025 | $575,000 | 19 |
| Q1 2026 | $445,000 | 23 |
| Q2 2026 | $345,000 | 11 |
| Q3 2026 | Few sales | 3 |
Quarters with fewer than 5 sales are left out, because a median of so few sales is unreliable.
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Callowhill $287,000
Pricier nearby
- Northern Liberties $530,000
- East Poplar $675,000
- Society Hill $768,000
Questions about buying in Old City
What income do you need to buy a home in Old City?
About $161,000 a year for the typical Old City price of $455,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Old City?
About $65,000 up front at the typical price: 10% down ($46,000), your share of the transfer tax ($10,415) and closing costs ($9,100).
What does a typical home in Old City cost per month?
A typical Old City home costs about $3,755 a month all in: principal and interest $2,860, property tax $534, insurance $190, mortgage insurance $171. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 50 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.