Graduate Hospital: A Name That Outlived the Hospital

What Is Graduate Hospital Like to Live In?

Graduate Hospital - officially Southwest Center City, and often shortened to "G-Ho" is a walkable rowhome neighborhood just south of Rittenhouse Square, bordered by Fitler Square to the north and Point Breeze to the south. As of August 2026, the median home price runs roughly $665,000 to $695,000 depending on the data source, with a Walk Score of 95, among the highest in the city.

The neighborhood is named after a hospital that hasn't existed since 2007. Graduate Hospital opened in 1916 as a teaching facility for the University of Pennsylvania's medical school, closed almost two decades ago, and the site is now Penn Medicine Rittenhouse. The name stuck around anyway which tells you something about how long this pocket of the city has been known by that name, even as the neighborhood itself has changed considerably since the hospital closed its doors.

What's Actually There

The housing stock is dense and mostly historic: two- and three-story brick rowhomes ranging from narrow trinities to extended 3- and 4-bedroom homes with finished basements and roof decks. Mixed in are low- and mid-rise condo buildings, loft conversions, and a growing number of new-construction infill projects — Innovator Village is one example, occupying lots that sat empty for years.

Bainbridge and South Streets carry most of the neighborhood's day-to-day retail and restaurant activity, and the location does a lot of the work here: Graduate Hospital sits close enough to walk into Rittenhouse Square to the north or the East Passyunk restaurant corridor to the south, which is a fairly rare position for a neighborhood this size.

What It Costs and What You're Buying

Numbers vary somewhat by source and by exactly which blocks get counted as "Graduate Hospital" versus neighboring Fitler Square or Point Breeze, but the general range as of August 2026: townhouses run from around $239,000 up into the multiple millions for the largest new-construction properties, with a median home price in the $665,000-$695,000 range and homes typically spending 31 to 47 days on the market before selling, depending on the source and month.

Some of the newer construction in the neighborhood still carries an active 10-year tax abatement worth checking early in a search, since it changes the real holding-cost math on a property. Philadelphia's current combined city-and-school property tax rate is 1.3998% of assessed value, though owner-occupants may qualify for additional savings programs. As always, confirm the specific abatement status, remaining term, and applicable programs with a professional before treating any of this as a given, these figures are approximate and shift month to month.

Where It Sits

A Walk Score of 95 is about as high as it gets in Philadelphia. Positionally, that comes from being a few blocks from Rittenhouse Square in one direction and a few blocks from the East Passyunk restaurant corridor in the other, with dense rowhome stock filling in the space between. That puts Graduate Hospital in a specific spot on the map: closer to Center City than most South Philly neighborhoods, generally priced below Rittenhouse Square itself.

If you want to see what's currently listed in Graduate Hospital, including which properties still carry an active tax abatement, KG Real Estate can pull current listings and walk through the numbers with you.