Performance indicators for the Philadelphia short-term rental market based on reliable data.
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Reliable / Active
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The highest-performing listings in Philadelphia.
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Generally Investor friendly
Philadelphia explicitly permits STRs and provides clear online licensing via eCLIPSE with moderate fees ($174 zoning permit, $150/$63 annual licenses) and a supportive tone, but imposes a strict occupancy cap (max three unrelated occupants total) and standard taxes (8.5% hotel tax + BIRT/NPT), creating manageable but nontrivial compliance burdens for investors.
Local STR Agent
STR specialist · Philadelphia, PA
Philadelphia, Pennsylvania, also known as the "City of Brotherly Love," is a historically significant and vibrant urban center on the East Coast of the United States. With an estimated population of approximately 1.6 million people, Philadelphia is the sixth-most populous city in the nation and the largest city in the state of Pennsylvania. It is situated about 100 miles southwest of New York City, making it conveniently accessible to one of the largest metropolitan areas in the country.
Philadelphia is rich in American history and boasts numerous landmarks and cultural attractions. Key historical sites include Independence Hall (where the Declaration of Independence and the U.S. Constitution were signed) National Park Service and the iconic Liberty Bell National Park Service. The city is also home to world-class museums such as the Philadelphia Museum of Art, famous for its "Rocky Steps" Philadelphia Museum of Art.
Additionally, Philadelphia offers diverse neighborhoods, each with its own unique character and appeal, ranging from the historic charm of Old City to the trendy vibe of Northern Liberties and Fishtown. These neighborhoods, along with the city’s robust public transportation system, make it an attractive destination for short-term rentals.
Sports enthusiasts can catch games featuring Philadelphia’s major professional teams, such as the Eagles (NFL), Phillies (MLB), 76ers (NBA), and Flyers (NHL). The stadium complex is easily accessible and offers a vibrant atmosphere during game days Lincoln Financial Field.
Philadelphia’s culinary scene is also a key draw, with an array of dining options from the famed Philly cheesesteak to upscale dining in areas like Rittenhouse Square. Historic Reading Terminal Market offers an eclectic mix of local vendors and cuisine Reading Terminal Market.
Overall, Philadelphia's blend of historical significance, cultural richness, vibrant neighborhoods, and active lifestyle make it a compelling destination for short-term rentals.
