Full Cost Breakdown — 19101 (Philadelphia, PA)
What Salary Do You Need to Buy in 19101?
Using the standard 28% gross income housing rule, you need approximately $92,463/year to comfortably afford the median home in Philadelphia, PA with 20% down at today's 7.1% rate.
The average household income in Philadelphia County is approximately $58,000/year — which means buying the median home here is difficult for the average family.
Property Tax in 19101 (Philadelphia County)
Philadelphia County has a property tax rate of approximately 1.4% — above the national average of 1.1%. On a $310,000 home, this equals $362/month or $4,340/year in property taxes.
Property taxes can often be appealed if your assessment seems high. Ownwell specializes in property tax appeals — they only charge if they save you money.
Will a Bank Approve You in Philadelphia?
Approval depends on your specific profile — credit score, income, existing debts, and down payment. The Bank Rejection Engine shows exactly how 5 different lender types would score your application for a home in 19101.