Houston - TX vs Philadelphia - PA: 2026 Housing Comparison

What this means for buyers

Philadelphia - PA is roughly 27% more expensive than Houston - TX in typical home value. Homes sit on market longer in Houston - TX (45 days vs 15), suggesting more buyer leverage there.

Houston vs Philadelphia: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $1,677 a month in principal and interest in Houston and $2,138 in Philadelphia, a gap of $461 a month.

Typical rent runs $1,638 in Houston and $1,903 in Philadelphia, so the mortgage payment alone is 1.0 times rent in Houston and 1.1 times rent in Philadelphia, before taxes and insurance.

Home prices are 15.4 years of rent in Houston and 16.9 in Philadelphia; the lower ratio in Houston means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -3.8% in Houston and +5.4% in Philadelphia; over just the last three months the change was -0.4% in Houston and +0.7% in Philadelphia.

Homes sell for 97.3% of list price in Houston and 100.1% in Philadelphia, after 45 and 15 days on the market, with price cuts on 29% and 26% of listings. All three signs point the same way: buyers have more room to negotiate in Houston.

The number of homes for sale is up 3% on a year ago in Houston and up 9% on a year ago in Philadelphia.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.