What can you afford in Philadelphia on $105k?
On $105k a year you could afford a home up to about $297,000 inPhiladelphia.
- Most you could afford
- $297,000If other debts take about $1,750 a month: $244,000
- Monthly cost at that price
- $2,450All in, before any homestead savings
- Cash needed up front
- $42,00010% 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 | $1,868 |
|---|---|
| Property tax | $347 |
| Insurance | $124 |
| Mortgage insurance | $111 |
| Total a month | $2,450 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
75 of 135 neighborhoods fit
These Philadelphia neighborhoods have a typical sale price within $297,000, priciest first.
- Burholme $297,000
- Callowhill $287,000
- Germantown, West Central $284,000
- Sharswood $280,000
- West Powelton $277,000
- Germantown, Westside $273,000
- Torresdale $273,000
- Walnut Hill $269,000
- East Oak Lane $267,000
- Kensington, West $267,000
- Dearnley Park $265,000
- Whitman $265,000
- Cedarbrook $254,000
- Bridesburg $253,000
- Brewerytown $250,000
- Wynnefield Heights $241,000
- Yorktown $240,000
- Mayfair $235,000
- Lower Moyamensing $230,000
- Overbrook $230,000
- Oxford Circle $230,000
- Germantown, Southwest $228,000
- Eastwick $228,000
- Clearview $221,000
- Lawndale $220,000
- Melrose Park Gardens $220,000
- West Passyunk $216,000
- Holmesburg $215,000
- Wynnefield $212,000
- West Oak Lane $209,000
- Tacony $205,000
- Richmond $200,000
- Summerdale $200,000
- Mantua $195,000
- Northwood $193,000
- Grays Ferry $190,000
- North Central $190,000
- Penrose $190,000
- Fern Rock $178,000
- Wissinoming $171,000
- Juniata Park $170,000
- Haverford North $170,000
- Olney $165,000
- Germantown, Morton $160,000
- Cobbs Creek $151,000
- Dunlap $140,000
- Germantown, East $137,000
- Feltonville $135,000
- Ogontz $129,000
- Frankford $127,000
- Elmwood $127,000
- Wister $125,000
- Belmont $124,000
- Kingsessing $123,000
- Southwest Schuylkill $121,000
- Logan $120,000
- Carroll Park $118,000
- Paschall $110,000
- Bartram Village $107,000
- East Parkside $103,000
- Haddington $100,000
- Tioga $100,000
- Hartranft $97,000
- Franklinville $90,000
- Hunting Park $89,000
- Mill Creek $80,000
- Strawberry Mansion $78,000
- Harrowgate $76,000
- Stanton $73,000
- Allegheny West $71,000
- Nicetown $69,000
- Upper Kensington $63,000
- Fairhill $60,000
- Glenwood $60,000
- McGuire $54,000
Tell us four things
Questions about buying on $105k
How much house can you afford in Philadelphia on $105k a year?
Up to about $297,000. 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 do you need to save to buy at that price?
About $42,000 up front: 10% down, your share of the transfer tax and closing costs. Monthly, that is about $2,450 a month all in: principal and interest $1,868, property tax $347, insurance $124, mortgage insurance $111. Claiming the Homestead Exemption could lower the tax by about $117 a month.
How do other debts change what you can afford on $105k?
If other debts (car, student loans, cards) take about $1,750 a month, the limit drops to about $244,000.
Which Philadelphia neighborhoods fit a $105k income?
75 of 135 Philadelphia neighborhoods have a typical price within $297,000. The priciest that fit: Burholme ($297,000), Callowhill ($287,000), Germantown, West Central ($284,000).
Neighborhood prices are the median of recent 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.