Zip codes with the fastest growing rent in Pennsylvania

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Pennsylvania

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Pennsylvania using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 15106 (Carnegie)

- 1 year rent change: +2.7%
--- #3 fastest growing rent among zip codes in Pittsburgh, PA metro
- 5 year rent change: +24.2%
- Typical rent: $989
--- 16.9% less than typical rent in Pittsburgh, PA metro

- Pictured (for rent): 834 Washington Ave, Carnegie 15106 ($1,413)

#29. 19380 (West Chester)

- 1 year rent change: +2.9%
--- #33 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +15.5%
- Typical rent: $1,795
--- 10.5% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 2 Waterview Rd, West Chester 19380 ($1,630)

#28. 19464 (Pottstown)

- 1 year rent change: +3.1%
--- #32 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +18.2%
- Typical rent: $1,163
--- 28.4% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 958 Hale St, Pottstown 19464 ($1,399)

#27. 19129 (Philadelphia)

- 1 year rent change: +3.2%
--- #31 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +16.1%
- Typical rent: $1,460
--- 10.1% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 4055 Ridge Ave, Philadelphia 19129 ($3,730)

#26. 19145 (Philadelphia)

- 1 year rent change: +3.5%
--- #30 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +21.2%
- Typical rent: $1,467
--- 9.7% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 3900 Gateway Dr, Philadelphia 19145 ($1,630)

#25. 19148 (Philadelphia)

- 1 year rent change: +3.5%
--- #29 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +15.8%
- Typical rent: $1,462
--- 10.0% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 1201 Jackson St, Philadelphia 19148 ($1,800)

#24. 19401 (Norristown)

- 1 year rent change: +3.6%
--- #28 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +17.8%
- Typical rent: $1,369
--- 15.7% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 201 E Germantown Pike, East Norriton 19401 ($1,950)

#23. 19087 (Wayne)

- 1 year rent change: +3.8%
--- #27 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +13.4%
- Typical rent: $2,080
--- 28.1% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 284-290 Iven Ave, Radnor 19087 ($1,405)

#22. 19144 (Philadelphia)

- 1 year rent change: +3.9%
--- #24 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +17.7%
- Typical rent: $1,204
--- 25.9% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 45-47 W Haines St, Philadelphia 19144 ($1,550)

#21. 19096 (Wynnewood)

- 1 year rent change: +4.0%
--- #22 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +19.2%
- Typical rent: $1,995
--- 22.8% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 325 Penn Rd, Wynnewood 19096 ($5,730)

#20. 19104 (Philadelphia)

- 1 year rent change: +4.1%
--- #21 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +18.9%
- Typical rent: $1,589
--- 2.2% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 437 N 40th St, Philadelphia 19104 ($1,900)

#19. 19131 (Philadelphia)

- 1 year rent change: +4.2%
--- #20 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +21.8%
- Typical rent: $1,479
--- 8.9% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 4920-4950 City Ave, Philadelphia 19131 ($1,025)

#18. 15211 (Pittsburgh)

- 1 year rent change: +4.2%
--- #2 fastest growing rent among zip codes in Pittsburgh, PA metro
- 5 year rent change: +16.9%
- Typical rent: $1,240
--- 4.2% above typical rent in Pittsburgh, PA metro

- Pictured (for rent): 5 Grandview Ave, Pittsburgh 15211 ($1,950)

#17. 19151 (Philadelphia)

- 1 year rent change: +4.3%
--- #19 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +20.3%
- Typical rent: $1,250
--- 23.0% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 6351 Overbrook Ave, Philadelphia 19151 ($2,100)

#16. 19454 (North Wales)

- 1 year rent change: +4.6%
--- #18 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +13.0%
- Typical rent: $1,988
--- 22.4% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 10 Hunt Club Trl, North Wales 19454 ($2,650)

#15. 18103 (Allentown)

- 1 year rent change: +4.7%
--- #3 fastest growing rent among zip codes in Allentown, PA metro
- 5 year rent change: +27.3%
- Typical rent: $1,268
--- 14.8% less than typical rent in Allentown, PA metro

- Pictured (for rent): 827 S Jefferson St, Allentown 18103 ($1,135)

#14. 18102 (Allentown)

- 1 year rent change: +4.8%
--- #2 fastest growing rent among zip codes in Allentown, PA metro
- 5 year rent change: +23.8%
- Typical rent: $1,114
--- 25.1% less than typical rent in Allentown, PA metro

- Pictured (for rent): 402 S 15th St, Allentown 18102 ($1,035)

#13. 19426 (Collegeville)

- 1 year rent change: +5.2%
--- #15 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +21.7%
- Typical rent: $1,913
--- 17.8% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 550 Campus Dr, Collegeville 19426 ($2,913)

#12. 15221 (Pittsburgh)

- 1 year rent change: +5.9%
--- #1 fastest growing rent among zip codes in Pittsburgh, PA metro
- 5 year rent change: +20.3%
- Typical rent: $1,013
--- 14.9% less than typical rent in Pittsburgh, PA metro

- Pictured (for rent): 100 Bryn Mawr Ct, Pittsburgh 15221 ($1,334)

#11. 19132 (Philadelphia)

- 1 year rent change: +6.0%
--- #12 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +18.9%
- Typical rent: $1,124
--- 30.8% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 1419-1421 W Allegheny Ave, Philadelphia 19132 ($1,800)

#10. 19128 (Philadelphia)

- 1 year rent change: +6.4%
--- #11 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +20.5%
- Typical rent: $1,629
--- 0.3% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 6725 Ridge Ave, Philadelphia 19128 ($1,546)

#9. 19119 (Philadelphia)

- 1 year rent change: +6.9%
--- #8 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +22.2%
- Typical rent: $1,264
--- 22.2% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 303 E MT Pleasant Ave, Philadelphia 19119 ($1,325)

#8. 19143 (Philadelphia)

- 1 year rent change: +7.0%
--- #6 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +21.5%
- Typical rent: $1,215
--- 25.2% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 780 S 52nd St, Philadelphia 19143 ($2,735)

#7. 19083 (Havertown)

- 1 year rent change: +7.1%
--- #5 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +46.7%
- Typical rent: $1,885
--- 16.1% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 1925 Lawrence Rd, Havertown 19083 ($1,245)

#6. 19134 (Philadelphia)

- 1 year rent change: +7.6%
--- #4 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +25.1%
- Typical rent: $1,137
--- 30.0% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 2000 E Westmoreland St, Philadelphia 19134 ($1,195)

#5. 19063 (Media)

- 1 year rent change: +8.1%
--- #3 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +24.3%
- Typical rent: $1,997
--- 23.0% above typical rent in Philadelphia, PA metro

- Pictured (for rent): 50 S New Middletown Rd, Media 19063 ($2,780)

#4. 18018 (Bethlehem)

- 1 year rent change: +9.4%
--- #1 fastest growing rent among zip codes in Allentown, PA metro
- 5 year rent change: +19.1%
- Typical rent: $1,486
--- 0.1% less than typical rent in Allentown, PA metro

- Pictured (for rent): 1345 Martin Ct, Bethlehem 18018 ($2,045)

#3. 18702 (Wilkes Barre)

- 1 year rent change: +14.0%
--- #1 fastest growing rent among zip codes in Scranton, PA metro
- 5 year rent change: +41.4%
- Typical rent: $898
--- 6.9% less than typical rent in Scranton, PA metro

- Pictured (for rent): 9D Princeton Ct, Wilkes Barre 18702 ($1,607)

#2. 19124 (Philadelphia)

- 1 year rent change: +17.6%
--- #2 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +17.3%
- Typical rent: $989
--- 39.1% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 4840 Oxford Ave, Philadelphia 19124 ($1,025)

#1. 19142 (Philadelphia)

- 1 year rent change: +20.1%
--- #1 fastest growing rent among zip codes in Philadelphia, PA metro
- 5 year rent change: +38.6%
- Typical rent: $1,117
--- 31.2% less than typical rent in Philadelphia, PA metro

- Pictured (for rent): 6073 Allman St, Philadelphia 19142 ($1,375)

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