Zip Code 19124

Philadelphia, PAPhiladelphia County

Real Estate Market Analysis

Q3 2025 Report
$129,000 (2025 est.)
Median Home Value
~65,000 (2025 est.)
Population
$38,500
Median Income
Below state average; some improvement in select schools
School District Rating

Market Statistics

Property Values

$129,000 (2025 est.)
Median Home Value
$1,250/mo (2025 est.)
Median Rent
$110 (2025 est.)
Price per Sq Ft

Market Performance

Home Appreciation~4.2% YoY (2024-2025)
Market VelocityAverage DOM: 32 days; moderate turnover
Foreclosure RateAbove city average, but declining since 2023

Area Information

Area SizeApprox. 3.5 sq mi
CountyPhiladelphia
Primary CityPhiladelphia

Housing Profile

Housing Statistics

Total Housing Units~19,000
Owner Occupied45%
Rental Properties55%
Vacant Units~9%
New ConstructionLimited; mostly small-scale infill and rehab projects

Housing Types

RowhomesDuplexesSmall multifamily (2-4 units)Some single-family detached

Demographics

~65,000 (2025 est.)
Population
32
Median Age
$38,500
Median Income
~92% (unemployment ~8%)
Employment Rate
23% high school or less, 54% some college/associate, 13% bachelor's, 2% graduate
Education Levels
High proportion of families with children; significant single-parent households
Family Composition

Education Quality

School District Performance

Below state average; some improvement in select schools
District Rating
School DistrictSchool District of Philadelphia
Test ScoresReading/math proficiency ~15-20% below state average
Graduation Rates~68%

Schools in Area

  • Frankford High School
  • Edwin Forrest Elementary
  • Harding Middle School

Economic Factors

Employment & Business

Job GrowthModest, with uptick in logistics/warehousing
Unemployment Rate~8% (higher than city average)
Business EnvironmentImproving, with new small business incentives
Commercial ActivityActive along Frankford Ave and Castor Ave corridors

Major Employers

  • Temple University Health System
  • Local retail and logistics
  • City of Philadelphia

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • SEPTA Market-Frankford Line (El)
  • Multiple bus routes
  • Easy access to I-95

Utilities & Services

  • Philadelphia Water Dept.
  • PECO Energy
  • Comcast/Xfinity

Quality of Life

Safety & Environment

Violent and property crime rates above city average but trending downward since 2023

Mixed; legacy industrial sites, but ongoing greening efforts

Healthcare Access

  • Temple University Hospital
  • Local clinics and urgent care

Development Trends

Planned Developments

  • Frankford Ave corridor revitalization
  • Affordable housing rehabs

Infrastructure Projects

  • Streetscape improvements
  • Stormwater management upgrades

Investment Outlook

Growth Outlook

Steady, with focus on affordability and stabilization

Investment Opportunities

  • Value-add multifamily
  • Affordable housing tax credits
  • Retail redevelopment

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Investors seeking cash flow
  • Working-class families

Competitive Advantages

  • Lower entry price vs. city average
  • Strong rental demand
  • Transit-oriented location

Pricing Strategies

Competitive pricing below city median; incentives for FHA/VA buyers

Common Objections & Response Strategies

Objection: Concerns about crime and safety

Response Strategy:

Present recent crime reduction data and highlight community policing and greening initiatives

Objection: School quality concerns

Response Strategy:

Showcase improving graduation rates and after-school programs; proximity to charter/private options

Objection: Perceived neighborhood blight

Response Strategy:

Highlight active revitalization projects and city investment in infrastructure

Professional Recommendations

1

Educate buyers on neighborhood trends and ongoing improvements

2

Leverage local lender and grant programs for affordability

3

Network with local community organizations to build trust

4

Highlight rental income potential and recent safety gains

5

Stay current on city incentives for rehab and new construction

Competitive Analysis

Comparable Markets

  • 19134 (Kensington)
  • 19120 (Olney)
  • 19135 (Mayfair)

Market Positioning

Best value for cash-flow investors and budget-conscious buyers

Competitive Advantages

  • Lower prices than Mayfair/Olney
  • Higher rental yields than Kensington

Price Comparison

~30% below city median home price

Investment Metrics

7-8% (2025 est.)
Cap Rates
~8.5% gross
Rental Yields
~8.6
Price-to-Rent
Strong for multifamily and rowhome rentals
Cash Flow
4-5% annually, barring economic shocks
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, FHA/VA options, and transit; need education on neighborhood trends

Move-Up Buyers

Less common; may seek larger homes in adjacent zip codes

Downsizers

Rare; limited senior-focused inventory

Investors

Active, especially in value-add and rental properties

Relocators

Some, especially from higher-priced city areas or out-of-state seeking value

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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