Passyunk Square home values

Over the 12 months to Aug 2026, typical home values in Passyunk Square rose 1.0%, to about $257,800. That is in step with Philadelphia (+0.5%). Values are at or near their highest level on record in this series. Over five years the typical home gained $9,000 in value (+4%).

At today’s typical value of $257,800 (Zillow, Aug 2026), a buyer putting 20% down ($51,560) and financing the rest at 6.5% over 30 years would pay about $1,304 a month in principal and interest — 22% of the median household income here. That sits within the common 28% guideline, so the typical home is within reach of a typical local household. The median rent is $1,343/month, so owning and renting cost about the same each month before taxes, insurance and upkeep.

Passyunk Square is a neighborhood in South Philadelphia bounded by Broad Street to the west, 6th Street to the east, Tasker Street to the south and Washington Avenue to the north. Passyunk Square is bordered by the Bella Vista, Hawthorne, Central South Philadelphia, Wharton, and Point Breeze neighborhoods. The neighborhood's etymology originates from the Lenape word "pachsegink", meaning “in the valley”. The name came from the 1800s Passyunk Township, Pennsylvania which named Passyunk Square Park, located between 12th, 13th, Reed and Wharton Streets. The park was eventually renamed Columbus Square Park, and subsequently the neighborhood became known as Columbus Square. Sue Montella, Geoff DiMasi, and a group of neighbors revived the Passyunk Square name when forming the Passyunk Square Civic Association in 2003. The name "Passyunk Square" was researched and proposed by Geoff DiMasi after considering other historical names like Wharton that had been used in the neighborhood over the years. The area has come to be known as Little Saigon for its large Vietnamese American commercial and residential presence, with one of the largest Vietnamese populations on the east coast.