5 Most Expensive Neighborhoods in Philadelphia in 2022

Luxury, history, and beauty comprise these five Philly neighborhoods.

The city of Philadelphia is made up of many different neighborhoods that make the city so unique. Each one is special in their own way, but there are a few in particular that are home to the city’s most expensive real estate and are some of the most sought after areas to live in in the city. Let’s take a look at the city’s wealthiest neighborhoods!

1. Fitler Square

Posh, exclusive and reclusive, this pocket of Philadelphia is gorgeous. It is one of Philadelphia's most expensive places to reside and is also home to some of Philadelphia's most prestigious private schools. Consisting of brownstones and classic Philadelphia row homes along tree-lined streets, Fitler Square is tucked away along the Schuylkill River, just west of Rittenhouse Square, this sleepy neighborhood may not have the hustle and bustle as the majority of the neighborhoods in Philly but the residents wouldn't have it any other way.

Average Sale Price as of September 2022:

$974,379

See Homes for Sale in Fitler Square:

2. Chestnut Hill

This is one of the most picturesque neighborhoods in Philadelphia. The streets are lined with stately historic mansions and Victorian townhouses. Located in the Northwest section of Philly, it has easy access to Center City while maintaining that suburban feel. Germantown Avenue is lined with antiques shops, art galleries, tearooms and farmers' markets. Here you’ll find diverse housing options with modest rowhomes, 19th century farmhouses and stone mansions.

Average Sale Price as of September 2022:

$854,131

See Homes For Sale in Chestnut Hill:

3. Society Hill

This upscale residential area is filled with cobblestone streets and 18th to 19th century homes. It has some of the most beautiful and historic residential blocks in the country. It’s made up of brick rowhomes and green spaces like Washington Square Park with picturesque tree-lined paths. It’s located close to the Delaware River and historic sites like Independence Hall.

Average Sale Price as of September 2022:

$767,131

See Homes for Sale in Society Hill:

4. Rittenhouse Square

Centrally located in Philly surrounded by the most luxe restaurants and shops, Rittenhouse Square is one of the most affluent neighborhoods in the city. In the center of it all is the famous square that was one of William Penn’s original five squares that he planned for the city. In this neighborhood you’ll find a mix of historic townhomes and luxurious high rise condos. When you walk the streets in Rittenhouse you are engulfed in endless Philly charm!

Average Sale Price as of September 2022:

$738,302

See Homes for Sale in Rittenhouse Square:

5. Graduate Hospital

What was once labeled as upcoming less than a decade ago, has arrived. Graduate Hospital has an exciting commercial strip and the residential vibe here is pretty established. Although popular bars and restaurants are located here, this area doesn't see as much traffic as other comparable parts of the city which makes it ideal for homeowners looking for a relaxing atmosphere to retreat to at the end of a long day. You will find beautiful nineteenth and twentieth-century rowhomes as well as new construction for single-family homes and luxury condos.