ZIP 19123
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 19123 usually run 0.9% below trend in January and 1% above it in April, about $40 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 19123 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 19123 changed +4.5% over the year to September 2026. Across the 205 Pennsylvania ZIP codes Zillow tracks, the typical change was +3.8%.
From 2019 to 2024, rent in ZIP 19123 rose 12.7% while median household income rose 30.2% ($78,444 to $102,106). Income kept ahead of rent.
Rent in ZIP 19123 is 18.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($102,106) is $2,553 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,310); a 3-bedroom is $2,770.
38th cheapest of 43 ZIP codes in Philadelphia.
ZIP 19125, 1 mile away, rents for 12% less ($1,859/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 19123. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 19123 (Philadelphia, PA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 65.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 19123 in Philadelphia, PA has changed in 5 years
Five years ago, renters in ZIP 19123 in Philadelphia, PA paid around $1,794 a month. That figure now sits near $2,101, up 17.1% from the 2021 baseline. Median household income climbed from $83,008 to $102,106 between 2021 and 2024, a 23.0% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 19123 in Philadelphia, PA adding about 1,610 residents over the five-year window, up 8.9% on net. The renter share has eased from 68.8% to 64.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 63.8% to 65.8% across the same window. Taken together, the five-year picture in ZIP 19123 in Philadelphia, PA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 19123
Last updated: October 17, 2026
ZIP code 19123 covers Philadelphia, PA. The median rent here is $2,101/mo as of October 2026. A 1-bedroom rents for a median of $1,940/mo. A 2-bedroom rents for a median of $2,310/mo.
At 25% of local median household income ($102,106/yr), ZIP 19123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.
Frequently asked questions
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How does ZIP 19123 compare to the rest of Philadelphia?
At $2,101/mo, rent takes ~25% of ZIP 19123's median household income ($102,106/yr). The standard benchmark is 30%.
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