Is Washington, DC or Philadelphia, PA cheaper to buy a home?

Philadelphia, PA is cheaper to buy in, with a median home price of $374,293 vs $567,377 in Washington, DC.

Where is rent cheaper — Washington, DC or Philadelphia, PA?

Philadelphia, PA has lower median rent at $1,849/mo/month, compared to $2,333/mo in the other metro.

Which is a better real estate investment — Washington, DC or Philadelphia, PA?

Based on rental yield and price forecast, Philadelphia, PA scores higher for investors (5.9% rental yield, +1.7% 12-mo forecast). Washington, DC yields 4.9% vs 5.9% for Philadelphia, PA. Always verify with local market conditions before investing.

What is the price-to-rent ratio in Washington, DC vs Philadelphia, PA?

Washington, DC has a price-to-rent ratio of 20.3 and Philadelphia, PA has 16.9. A ratio below 15 favors buying; above 21 favors renting. Philadelphia, PA is relatively more favorable for buyers.

How have home prices changed in Washington, DC and Philadelphia, PA over 5 years?

Over the past 5 years, Washington, DC home values changed +21.5% while Philadelphia, PA saw +36.0% appreciation. Philadelphia, PA had stronger long-term price growth.