According to the latest data from the U.S. Census Bureau, the Philadelphia metropolitan area added an estimated 88,100 new residents between 2019 and 2024, marking one of the region's strongest five-year growth periods in decades. In 2024, the region experienced accelerated population growth, adding 49,520 residents—comprising 56% of the five-year population gain in a single year.
Philadelphia saw accelerated population gains in 2024, led by suburbs
Recent migration trends led to further tightening in suburban apartment markets
CoStar Analytics
April 17, 2025 | 9:58 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In