Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 1,582,432 ↓ 1.3% since 2020 |
| Median Household Income | $60,698 19% below national median |
| Median Home Value | $232,400 |
| Unemployment Rate | 8.4% |
| Median Age | 35.1 years |
| Housing Vacancy Rate | 9.5% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 1,582,432 |
| Population (2020) | 1,603,797 |
| Population Growth | -1.33% |
| Median Household Income | $60,698 |
| Median Home Value | $232,400 |
| Total Housing Units | 739,725 |
| Vacant Housing Units | 70,503 |
| Housing Vacancy Rate | 9.5% |
| Median Age | 35.1 |
| Bachelor's Degree or Higher | 210,729 (13.3%) |
| Unemployment Rate (BLS) | 4.5% |
Market Overview
Philadelphia County, Pennsylvania has a population of 1,582,432, which has declined 1.33% since 2020. The median household income is $60,698, below the national median of $74,580 by 18.6%. With a median home value of $232,400 and an unemployment rate of 4.5%, the local economy is moderate. The housing vacancy rate of 9.5% suggests balanced market conditions. Philadelphia County remains a key area for land acquisition in Pennsylvania.
Related Resources
- Sell Land in Philadelphia County, PA
- How to Sell Land in Pennsylvania
- FSBO Guide
- Land Valuation Guide
Nearby County Reports
Frequently Asked Questions
What is the current population of Philadelphia County, Pennsylvania?
As of the 2023 American Community Survey, Philadelphia County has a population of 1,582,432. The county has declined 1.33% since the 2020 Census.
What is the median household income in Philadelphia County?
The median household income in Philadelphia County is $60,698, which is 18.6% below the national median of $74,580.
Is Philadelphia County growing or shrinking?
Philadelphia County is shrinking. The population has declined 1.33% since 2020.
What is the housing market like in Philadelphia County?
The median home value in Philadelphia County is $232,400. The housing vacancy rate is 9.5%, which suggests balanced market conditions. The unemployment rate is 4.5%, indicating a moderate local economy.
Does Reelvest buy land in Philadelphia County, Pennsylvania?
Yes! Reelvest Properties buys vacant land throughout Pennsylvania, including Philadelphia County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.