ZIP Code · PA

ZIP 19124

Pop. 71,004·Philadelphia County·215th most expensive ZIP in Pennsylvania
Median rent (all units)
$1,275/mo
Year-over-Year
+5.0%
Month-over-Month
+0.6%
vs US Median
-$657
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 19124 · $1,275
More affordable than 88% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,080
1 BR
$1,180
2 BR
$1,400
3 BR
$1,680
4 BR+
$1,870
Research median
$1,400/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 19124 usually run 1% below trend in February and 0.9% above it in August, about $24 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 19124 is at its highest level since Zillow's records here began in May 2016.

Past year vs. the rest of Pennsylvania

Rent in ZIP 19124 changed +5.0% over the year to September 2026. Across the 205 Pennsylvania ZIP codes Zillow tracks, the typical change was +3.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 19124 rose 40.2% while median household income rose 34.8% ($33,611 to $45,314). Rent outpaced income.

Since before the pandemic

Rent in ZIP 19124 is 48.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($45,314) is $1,133 a month. That covers HUD's Fair Market Rent for up to a studio ($1,080); a 1-bedroom is $1,180.

Rank in Philadelphia

2nd cheapest of 43 ZIP codes in Philadelphia.

From Zillow's monthly rent index (ZORI) for ZIP 19124. 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.

Annual cost
$15,300/yr
At $1,275/mo median
Location
StatePA
CountyPhiladelphia County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.0% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 19124 (Philadelphia, PA) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 14.7% of residents hold a bachelor's degree or higher.

Population
71,004
Median income
$45,314
Median age
32.7
Renters
37.7%
Age distribution
30.3%
23.9%
25.5%
Under 1830.3%
18–3423.9%
35–5425.5%
55–6411.3%
65+9%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
21.4%
35.2%
41.9%
White21.4%
Black35.2%
Hispanic41.9%
Asian5.6%
Education (25+)
18.1%
43%
24.2%
14.7%
No HS diploma18.1%
HS diploma43%
Some college24.2%
Bachelor's+14.7%
Housing tenure
62.3%
37.7%
Owner62.3%
Renter37.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 19124 in Philadelphia, PA has changed in 5 years

Rent
$927 → $1,275
up 37.5%
Income
$38,293 → $45,314
up 18.3%
Population
71,496 → 71,004
down 0.7%
Renter share
38.1% → 37.7%
-0.4 pts
Bachelor's+
14.6% → 14.7%
+0.1 pts

Rent in ZIP 19124 in Philadelphia, PA has climbed 37.5% since 2021, going from about $927 per month to roughly $1,275 today. On the earnings side, the typical household in ZIP 19124 in Philadelphia, PA now reports about $45,314, up from $38,293 in 2021. Rent outpaced income growth by roughly 19.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 19124 in Philadelphia, PA reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 19124

Last updated: October 17, 2026

ZIP code 19124 covers Philadelphia, PA. The median rent here is $1,275/mo as of October 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,400/mo.

At 34% of local median household income ($45,314/yr), ZIP 19124 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 19124?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,275/mo in ZIP 19124. The local median household income is $45,314/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 19124?

Rent in ZIP 19124 has risen 5.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2016.

When is the cheapest time to rent in ZIP 19124?

Asking rents in ZIP 19124 are usually lowest in February, about 1% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $24 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 19124?

Yes. From 2019 to 2024, rent in ZIP 19124 rose 40.2% while median household income rose 34.8%, from $33,611 to $45,314. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 19124 compare to other ZIPs in Pennsylvania?

ZIP 19124 is one of the more affordable among Pennsylvania ZIP codes for rent, ranking #215 of 261 at $1,275/mo. Over the year to September 2026, rent in ZIP 19124 changed +5.0%, against a typical +3.8% across the 205 Pennsylvania ZIP codes Zillow tracks.

How does ZIP 19124 compare to the rest of Philadelphia?

At $1,275/mo, ZIP 19124 is $482 below the Philadelphia citywide median of $1,757/mo. It is the 2nd cheapest of 43 ZIP codes in Philadelphia.
Income Affordability
34%
MODERATE

At $1,275/mo, rent takes ~34% of ZIP 19124's median household income ($45,314/yr). The standard benchmark is 30%.

ZIP 19124 34%Benchmark 30%
State income tax3.07%
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