Market Overview
Home Prices in Philadelphia, NY
The median home value in Philadelphia, NY is $204,313 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Philadelphia are priced50% below average. Philadelphia is part of the Watertown-Fort Drum, NY metro area.
Price History
Philadelphia Home Price Trend
2024
$206,642
$207K
—
2025
$200,955
$201K
-2.8%
2026
$204,313
$204K
+1.7%
City Comparison
Philadelphia vs. National Median
🏠 Philadelphia
$204,313
National Median
$410,000
At $204,313, homes in Philadelphia cost 50% below the national median of $410,000. This makes Philadelphia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Philadelphia?
20% Down Payment
$40,863
on $204,313
Monthly P&I
$1,066/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,354/mo
incl. taxes & insurance
Income Needed
$54,160
gross annual (30% rule)
10% Down Option
$20,431
+ PMI applies
Loan Amount (20% dn)
$163,450
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Philadelphia, NY?
The median home value in Philadelphia is $204,313 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Philadelphia?
Over the past year, home values in Philadelphia have increased by 1.7%.
How much do I need to earn to buy a home in Philadelphia?
To comfortably afford the median home price of $204,313 with a 20% down payment ($40,863) at today's rates (6.8%), you'd need a gross annual income of approximately $54,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Philadelphia compare to the national average home price?
The national median home value is approximately $410,000. At $204,313, homes in Philadelphia are 50% below the national average.
What metro area is Philadelphia part of?
Philadelphia is part of the Watertown-Fort Drum, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.