Market Report ยท May 2026
ZIP 19118 โ Chestnut Hill
๐ Philadelphia Metro ยท Pennsylvania
75
๐ก WARM
Balanced market ยท 19 avg days on market
Property tax ~1.35%/yr
Mortgage Breakdown โ 19118
Median Price$580,000
20% Down$116,000
Loan Amount$464,000
P&I at 6.7%$2,994/mo
Property Tax$652/mo
Total PITI$3,887/mo
Income Needed$129,566/yr
Educational purposes only. Not financial advice. Data estimated from public sources.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
27.5%
of FHA applications denied in Philadelphia, PA, 2025 · national 22.1%
CROSSCOUNTRY MORTGAGE, LLC
6.5% PROSPERITY HOME MORTGAGE, LLC
17.1% PENNYMAC LOAN SERVICES LLC
30.4% United Wholesale Mortgage
31.2% A 30.5-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 47.1% versus 19.9% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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