By the numbers: Pennsylvania's home price gains are relatively modest compared to places like Washington state, which saw the nation's steepest increase between 1984 and 2024, per the analysis of Freddie Mac House Price Index data by journalist Lance Lambert of ResiClub.
Oregon (699%), Rhode Island (668%) and Massachusetts (664%) followed.
Yes, but: Housing affordability is only slightly worse today than in 1984 when you take into account mortgage rates, median incomes and national home prices, per Lambert.
Stunning stat: A 30-year fixed rate mortgage in 1984 was between 13%-15% compared to today where it hovers around 7%.
Zoom in: The Philly region's housing market remains relatively affordable for middle-income households, per an analysis by Redfin.