Markets/Pennsylvania/Philadelphia-Camden-Wilmington

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Real Estate Market 2026

Investor-grade market analytics for Philadelphia-Camden-Wilmington, Pennsylvania. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$389,524

+2.5% year-over-year

Est. Rental Yield

5.9%

gross annual

12-Month Forecast

+2.5%

base case (Zillow ZHVF)

+2.5% year-over-year

Climate Risk

55/100

Moderate

Market Momentum

➡️
Neutral
3.7mo supply · Score +1/7

Net migration: Bottom 1% nationally

Income Migration

📉 Wealth Drain0.88x

In-migrants avg $83,177 AGI vs out-migrants $94,802

🏛️

Opportunity Zone Market

74 ZIP codes in Philadelphia-Camden-Wilmington are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Philadelphia-Camden-Wilmington Market Summary

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD shows steady growth at 2.5% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.36x, below the national average of 4.8x. Net negative migration (-4,174 returns/year) is reducing housing demand pressure. Climate risk is moderate (55/100) with manageable exposure. Rental yield of 5.89% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score81/100
Price-to-Income Ratio4.4x (national avg 4.8x)
Median Household Income$89,273

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.3%
Base Case+2.5%
Bull Case+3.8%

Climate & Natural Hazard Risk

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD's primary climate exposure is wind storms (74/100). The composite climate risk score of 55/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Philadelphia-Camden-Wilmington dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.