Philadelphia, PA variant. This is a Philadelphia, PA-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Philadelphia's gross rental yield - annual rent ÷ property price - is about 8.9%, based on $1,750/month rent on a $235,000 median home.
Rental yield in Philadelphia
Gross yield = ($1,750 × 12) ÷ $235,000 = 8.9%. Net yield subtracts property tax (0.95%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Philadelphia's yield is attractive for cash-flow investors.
About Philadelphia, PA
Philadelphia imposes a city wage tax on residents and on people who work within the city, adding to the Pennsylvania state income tax.
Philadelphia offers relatively affordable home prices compared with other large East Coast cities, making homeownership more accessible.
Philadelphia's economy is built around education, healthcare, and professional services, with major universities and hospital systems as anchors.
Worked example: Philadelphia yield
Annual rent $21,000 ÷ price $235,000 = 8.9% gross. After 0.95% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $235,000
- Median rent: $1,750/mo
- Median household income: $60,302
- Local sales tax: 8%
- City income tax: 3.75%
- Effective property tax rate: 0.95%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Philadelphia runs about 8.9%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.