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What income do you need to buy in Rittenhouse?
About $229,000 a year to buy the typical Rittenhouse home, which sells for about $645,000.
- Typical sale price
- $645,000Median of 185 sales in the past 12 months
- Income needed
- $229,000A year, before taxes
- Cash needed up front
- $92,00010% 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 | $4,055 |
|---|---|
| Property tax | $765 |
| Insurance | $269 |
| Mortgage insurance | $242 |
| Total a month | $5,331 |
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 12.2% 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 | $650,000 | 64 |
| Q2 2025 | $558,500 | 108 |
| Q3 2025 | $410,000 | 91 |
| Q4 2025 | $537,500 | 86 |
| Q1 2026 | $397,500 | 64 |
| Q2 2026 | $685,000 | 53 |
| Q3 2026 | $1,440,000 | 13 |
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- Washington Square West $505,000
- Graduate Hospital $610,000
- Logan Square $490,000
Pricier nearby
- Fitler Square $850,000
- Hawthorne $650,000
Questions about buying in Rittenhouse
What income do you need to buy a home in Rittenhouse?
About $229,000 a year for the typical Rittenhouse price of $645,000, 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 Rittenhouse?
About $92,000 up front at the typical price: 10% down ($65,000), your share of the transfer tax ($14,764) and closing costs ($12,900).
What does a typical home in Rittenhouse cost per month?
A typical Rittenhouse home costs about $5,331 a month all in: principal and interest $4,055, property tax $765, insurance $269, mortgage insurance $242. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 185 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.