19116 — Philadelphia County, Pennsylvania Market Snapshot
Housing market data for zip code 19116 in Philadelphia County, Pennsylvania. Updated monthly with median prices, days on market, and more.
Market Sales Data
62 sales in 2026 (year to date)
Median Sale Price
$416,050
Days to Sell
30
Homes Sold
62
Inventory
38
Sale-to-List
99.0%
New Listings
95
Price/SqFt
$254
Pending Sales
84
Conforming Loan Available
Most homebuyers in 19116 can comfortably use conventional financing. The median home price of $416,050 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
19116's market is balanced with homes taking an average of 30 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 19116 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 19116 can comfortably use conventional financing. The median home price of $416,050 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 19116 are set at the county level.
2026 Loan Limits — Philadelphia County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $630,200 |
| 2 Units | $1,066,250 | $806,750 |
| 3 Units | $1,288,800 | $975,200 |
| 4 Units | $1,601,750 | $1,211,950 |
Affordability Snapshot — Zip 19116
To purchase the median home at $416,050 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,338.
Monthly Payment
$3,338
Income Required
$143,042
Principal & Interest
$2,564/mo
Down Payment (5%)
$20,803
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 19116.
Estimated Monthly Payment
$2,725
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