Matched in Philly: Housing Guide for Medical Professionals
You've matched in Philadelphia – congratulations! As one of America's oldest cities and a leading medical hub, Philadelphia offers an exceptional environment for your medical training. But with Match Day excitement comes the practical reality of relocating. Here's what you need to know about making Philadelphia your new home.
The Medical Landscape
Philadelphia boasts some of the nation's premier medical institutions, including the Hospital of the University of Pennsylvania (HUP), Children's Hospital of Philadelphia (CHOP), Thomas Jefferson University Hospital, and Einstein Medical Center. The city's rich medical ecosystem provides unparalleled learning opportunities across various specialties.
As of 2025, medical residents in Philadelphia earn a median salary of around $84,000 annually, though this varies by institution and specialty. While this might seem modest given the years of training, remember that Philadelphia offers a significantly lower cost of living compared to other major medical centers like Boston or New York.
Browse Homes in Philly:
Philadelphia Neighborhoods Ideal for Medical Professionals
Choosing the right neighborhood is crucial for convenience and work-life balance. Here are some Philadelphia neighborhoods popular among medical residents, along with their median home prices:
University City
Home to institutions like the University of Pennsylvania, Drexel University, and the University of the Sciences, University City offers unmatched proximity to major hospitals, including the Hospital of the University of Pennsylvania (HUP), Penn Presbyterian Medical Center, and the Children's Hospital of Philadelphia (CHOP).
The neighborhood features modern apartments, cultural diversity, and a bustling dining scene. As of 2024, the median home price in the 19104 ZIP code, encompassing University City, was $215,000.
University City is an ideal location for medical residents, attending physicians, and healthcare workers due to its walkable distance to hospitals, cutting down on commute times and offering easy access to on-call shifts. The neighborhood is also rich in research institutions and networking opportunities, making it a great place for those pursuing careers in medicine and healthcare. With a mix of affordable housing, new apartment complexes, and short-term rental options, it caters to the varying needs of medical professionals at different career stages.
Homes for Sale in University City:
Center City West (Rittenhouse Square)
Located between Jefferson University and UPenn, Rittenhouse Square is one of Philadelphia’s most desirable neighborhoods. It boasts luxury apartments, fine dining, boutique shopping, and a vibrant farmers market, making it perfect for those who enjoy city living. The median home price in the 19103 ZIP code, which includes Rittenhouse Square, was $475,000 in 2024.
Rittenhouse Square offers quick and convenient access to major hospitals, including Jefferson University Hospital, Penn Presbyterian Medical Center, and the Hospital of the University of Pennsylvania (HUP). The neighborhood's central location means short commutes, easy access to public transportation, and a walkable environment—ideal for busy medical workers who work long hours. With a mix of high-end condos, townhomes, and rental options, medical professionals can find housing that suits their lifestyle, whether they prefer luxury living or something more low-maintenance.
Homes for Sale in Rittenhouse Square:
Graduate Hospital
Located in the southwest part of Center City, Graduate Hospital gets its name from the medical facility that once stood on the northern edge of the neighborhood. For those seeking a more affordable, residential area while still being within a 10-minute walk of Rittenhouse Square, Graduate Hospital is a great option. The neighborhood is characterized by its quiet atmosphere, with fewer high-rises, and many renters live in older row homes converted into small, multi-unit apartments. The neighborhood's proximity to UPenn makes it especially popular among medical residents, offering a quick commute to the university and its hospitals.
The average home price in Graduate Hospital typically ranges from $400,000 to $750,000, depending on the size and condition of the property.
Homes for Sale in Graduate Hospital:
East Falls
A charming northwest neighborhood, East Falls offers a quieter lifestyle while still providing easy access to Center City. With scenic river views, tree-lined streets, and a close-knit community, it’s an excellent choice for those seeking a balance between work and relaxation. The median home price in the 19129 ZIP code, covering East Falls, was $350,000 in 2024.
East Falls is a prime location for medical professionals looking for a peaceful retreat while staying close to major hospitals. The neighborhood offers quick access to Einstein Medical Center, Temple University Hospital, and Center City hospitals via SEPTA Regional Rail (East Falls Station) or I-76, making commutes convenient.
With a mix of historic homes, modern apartments, and affordable rowhouses, East Falls provides diverse housing options for medical residents, attending physicians, and healthcare workers. The Schuylkill River Trail and local parks also offer great spaces to unwind after long shifts.
Homes for Sale in East Falls:
Cedar Park & Spruce Hill
These neighboring West Philadelphia communities boast historic architecture, lush green spaces, and a strong sense of community. Offering a blend of tranquility and vibrant cultural life, they appeal to medical professionals looking for an affordable yet dynamic neighborhood.
Located just minutes from Penn Presbyterian Medical Center, the Hospital of the University of Pennsylvania (HUP), and the Children's Hospital of Philadelphia (CHOP), Cedar Park and Spruce Hill offer an easy commute for medical professionals. With affordable housing options, from Victorian homes to modern apartments, these neighborhoods provide excellent choices for medical residents, attending physicians, and healthcare workers. The access to public transit, including trolleys and buses, makes traveling to Center City hospitals convenient. Plus, the area's diverse restaurants, coffee shops, and cultural hubs create a welcoming environment for those looking to unwind outside of work.
Homes for Sale in Spruce Hill:
Fishtown
Fishtown, located in Northeast Philadelphia, has become one of the city's most desirable neighborhoods. Known for its vibrant arts scene, trendy cafes, and modern amenities, it offers easy access to hospitals like Temple University Hospital, Jefferson University Hospital, and CHOP, all of which are just a short commute away.
The neighborhood features a mix of renovated row homes, new construction, and modern apartments. As of 2024, the median home price in Fishtown is approximately $400,000.
Fishtown is an excellent choice for medical professionals seeking a balance between affordability, convenience, and lifestyle. With its close proximity to major hospitals, medical workers can easily access their workplace while avoiding the high costs of living in Center City. The neighborhood’s growing popularity, vibrant cultural scene, and community-oriented atmosphere make it a desirable place to call home. Fishtown offers a range of housing options suited to different budgets and career stages, from young residents to established physicians. With access to public transportation and major highways, it provides both convenience and a relaxed pace of life outside the hustle and bustle of more central neighborhoods.
Homes for Sale in Fishtown:
Buying a Home as a Medical Professional in Philadelphia
Many young doctors have student debt, limited savings, and a short work history, which can make it tough to qualify for a traditional mortgage. But the good news? Your career comes with strong income potential and job security—big advantages when buying a home! Thankfully, Philadelphia has special home loan programs for doctors that make buying a home more affordable.
What Is a Physician Mortgage Loan?
Physician mortgage loans are home loans created for doctors, residents, and other medical professionals, including MDs, DDSs, and DMDs. These loans offer big benefits, such as:
✔️ 100% Loan-to-Value (LTV) – No down payment required!
✔️ Exclusion of Student Loans from Debt-to-Income Ratio – Deferred student loans are not factored in, making qualification easier.
✔️ Lower Interest Rates & No PMI – Reduced monthly payments compared to traditional loans.
✔️ Flexible Terms – Choose between 15-year and 30-year fixed rates.
To qualify, borrowers must provide proof of a valid medical license and be within the first 10 years of their profession, measured from the completion date of their residency. These loans enable medical professionals to buy a home without compromising their financial stability, even as they manage student loan debt.
At Venture Philly Group, we help medical professionals connect with lenders who offer loan programs designed just for them. If you're relocating for work, knowing your mortgage options can make the process much easier.
Final Thoughts
By leveraging specialized mortgage programs and choosing neighborhoods that align with their professional commitments and personal preferences, physicians can find a comfortable and convenient home in Philadelphia—making their transition into residency smoother.
At Venture Philly, we understand how demanding a resident's or medical student's schedule can be—especially when relocating to a new city. With the fast-paced nature of your work, finding the right home can feel overwhelming.
That’s where we come in. As a local real estate agents specializing in helping physicians and students near Philadelphia’s hospitals, I simplify the home search with personalized services tailored to your busy life.
How We Can Help:
✅ Find homes to buy or rent in prime locations for quick commutes.
✅ Handle all the details and paperwork—from home tours to closing—with my team’s support.
✅ Provide local market expertise to help them make informed decisions.
✅ Offer personalized advice to ensure a smart investment that fits their lifestyle.
Let’s Connect!
If you’re ready to start your home search or have questions about your options, feel free to reach out. I’m here to help make your move to Philadelphia as smooth as possible.
