Let’s look at housing prices in Philadelphia, which is the sixth largest city in the United States. Housing prices in Philadelphia have grown less than other metropolitan areas in the last six years because the economic growth rates in Philadelphia are less than other cities. Also, the Philadelphia is not a preferred destination for foreign investors like LA or New York. The median price for Philadelphia is $ 230,000 and the average price is $ 340,000. This price is significantly lower than other metropolitan cities.