Performance indicators for the Philadelphia short-term rental market based on reliable data.
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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 sits in the southeastern corner of Pennsylvania, occupying a unique position as a city that is also its own county — Philadelphia County. With an approximate population of 1.6 million, it is the largest city in the state and the sixth largest in the country. Steeped in Revolutionary War history and recognized as the birthplace of American independence, Philadelphia carries a distinctive blend of cobblestone Old City charm and energetic modern urban life. It is best known as the home of Independence Hall and the Liberty Bell, and serves as a gateway to the broader Mid-Atlantic region. The city lies about 95 miles southwest of New York City, roughly a two-hour drive northeast along Interstate 95.
Independence National Historical Park anchors the historic Old City neighborhood and draws visitors interested in the founding of the United States. The park encompasses Independence Hall, where the Declaration of Independence and the U.S. Constitution were debated and signed, along with the Liberty Bell Center. Located at the heart of downtown Philadelphia, it is within walking distance of most central hotels and short-term rentals, making it a frequent anchor for first-time visitors.
About 20 miles northwest of the city, Valley Forge National Historical Park preserves the encampment site where General George Washington and the Continental Army spent the winter of 1777–1778. The park offers miles of hiking and biking trails, reconstructed log cabins, and a visitor center, and it is roughly a 30- to 40-minute drive from Center City. It provides a quieter, nature-oriented counterpoint to the urban museum circuit.
The Philadelphia Museum of Art, perched at the end of the Benjamin Franklin Parkway, is one of the largest art museums in the country. Its collection spans European masters, American works, and Asian art, and its exterior steps — featured in the "Rocky" films — have become an attraction in their own right. Just across the Schuylkill River, the museum's grounds connect to Fairmount Park, an expansive system of green space that gives the city a remarkably leafy character.
Further afield, Longwood Gardens lies about 30 miles southwest of Philadelphia in Kennett Square, Pennsylvania. The roughly 1,100-acre botanical garden features carefully designed indoor and outdoor landscapes, fountains, and seasonal displays, and it is approximately a 45-minute drive from Center City. It is one of the most visited horticultural destinations in the Mid-Atlantic.
For short-term rental investors, Philadelphia offers a compelling mix of year-round demand drivers: dense concentrations of historic landmarks, walkable neighborhoods like Old City, Rittenhouse Row, and Northern Liberties, major professional and collegiate sports venues, and a steady flow of leisure and convention travelers. Its location between New York City and Washington, D.C., combined with a relatively affordable real-estate market compared to those neighbors, makes it a practical base for both short leisure stays and longer visits exploring the broader Mid-Atlantic.