Home prices and rents are both about 15% higher in the Philadelphia metro area than the typical U.S. housing market. Yet, with mortgage rates still hovering below 4.5% for 30-year fixed loans, buying is a much better deal for most folks.
The city's housing market has been quite stable over the years. Median household income of about $67,000 -- slightly above the national median -- makes homebuying affordable for most working families and helps to keep home prices steady.
% saved buying: 46%
Median home price : $175,000
Median rent: $1,600
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