Philadelphia, IL housing market
Home prices around Philadelphia have risen about 42% over the past 5 years.
Home values, sales, trends and how Philadelphia compares with the towns next door — updated as new data is published.
Home prices up 42% in 5 years
The federal house price index for the ZIP codes around Philadelphia rose 42% over the past 5 years, slower than across Illinois (47%). Last year prices rose 22%.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +22% | +111% | +96% |
| 2024 | −7.9% | +74% | +85% |
| 2023 | +9.2% | +89% | +73% |
| 2022 | +4.1% | +73% | +61% |
| 2021 | +12% | +66% | +44% |
| 2020 | +3.5% | +49% | +33% |
| 2019 | +2.5% | +44% | +32% |
| 2018 | −0.3% | +40% | +28% |
| 2017 | −2.7% | +41% | +25% |
| 2016 | +7.7% | +45% | +22% |
| 2015 | −0.1% | +34% | +19% |
| 2014 | −4.3% | +34% | +15% |
| 2013 | +3.8% | +40% | +11% |
| 2012 | +2% | +35% | +11% |
| 2011 | +0.1% | +33% | +14% |
| 2010 | +6% | +32% | +21% |
| 2009 | −2.5% | +25% | +29% |
| 2008 | +1.9% | +28% | +40% |
| 2007 | +8.5% | +26% | +45% |
| 2006 | −5.6% | +16% | +43% |
| 2005 | +5% | +23% | +35% |
| 2004 | +6.1% | +17% | +24% |
| 2003 | +4.4% | +10% | +15% |
| 2002 | +3.5% | +5.6% | +11% |
| 2001 | +2.1% | +2.1% | +5.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 62612, 62691, covering 72% of Philadelphia’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Philadelphia and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Philadelphia | — | +21.6%† | $1,040 | $155,625 |
| Ashland | $142K | +7.3% | $1,090 | $68,190 |
| Virginia | $114K | +7.1% | $920 | $63,359 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Philadelphia is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $720 · 4 bedrooms $1,750
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62612, 62691; Springfield, IL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.