Mortgage Rates in Philadelphia, Pennsylvania: 2026 Guide
30-year fixed: 6.72%. Median: $320,000.
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Current Mortgage Rates in Philadelphia
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.800% | $1,655/mo |
| 15-Year Fixed | 6.2% | 6.270% | $2,188/mo |
| 5/1 ARM | 6.1% | 6.450% | $1,551/mo |
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6.72%
Avg 30yr Rate
$320,000
Median Home Price
1.6M
Population
1.58%
Property Tax
Philadelphia Market Insights
Philadelphia provides a more affordable entry point to major East Coast city living. The city has seen significant development and population growth in recent years, with neighborhoods like Fishtown, Northern Liberties, and University City attracting new residents. Pennsylvania’s property taxes vary significantly by county, and Philadelphia’s wage tax is a unique consideration for city residents.
Frequently Asked Questions
What is the average mortgage rate in Philadelphia?+
The average 30-year fixed rate in Philadelphia is 6.72%.
How much down payment is needed in Philadelphia?+
On a median home of $320,000, 20% down is $64,000.
What are property taxes in Philadelphia?+
PA property tax rate: 1.58%. Annual taxes: $5,056.