Buy Vs. Rent in Philadelphia

ask yourself:  how long will i live here?

The Spring real estate market is almost here which means many renters in Philadelphia are trying to figure out if they are going to extend their lease, find a new place or buy a home.  Trulia put together a clever interactive map that delves into the buy vs. rent dilemma by breaking down mortgage rates, tax bracket & how long you will stay in the home.  Philadelphia buyers fare well in as little as 3 years according to Trulia.  After 3 years it is 25% cheaper to buy, after 5 years it is 40% cheaper to buy & after 7 years it is 46% cheaper to buy than it is to rent in Philadelphia.   The national average is 38% after 7 years.  Check out the map for yourself.  You may also want to check out their rent vs. buy calculator.

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CNN Money has Philadelphia’s median home price as $175,000.  Want to see what $175,000 looks like in Philadelphia?

Price Range: $174,000 to $175,000 Price Average: $174,815
Size Range: 1,020 to 2,300 Sq. Ft. Size Average: 1,429 Sq. Ft.
Gallery List Map
1 13 of 13
Under Contract
Contingency
$ 174,000
4352 FREELAND AVENUE
Philadelphia, PA 19128
ROXBOROUGH
3 Bed / 1 Bath
1,088 Sq. Ft.
Property Type: Condo
MLS® #: 7036633
Courtesy of Francis E Mcgill Realtor
Under Contract
Contingency
$ 174,000
4352 FREELAND AVENUE | Philadelphia, PA 19128
ROXBOROUGH
MLS® #
Property Type
Beds
Baths
Square Ft
7036633
Condo
3
1
1,088 s.f.
Courtesy of Francis E Mcgill Realtor
Two story 3 bedroom twin just a few blocks from all the action on Main St in Manayunk. First floor has open floor plan with living room/dining room combination, a large eat-in kitchen and a laundry room that exits to nice size back yard. Second floor has three bedrooms and a large bathroom. The basement is full with a tall ceiling and could easily be finished. Although cosmetic updating is needed throughout the bones of the home are solid. Could be great opportunity for first time buyer or investor.
Under Contract
Contingency
$ 174,000
4000 GYPSY LANE #612
Philadelphia, PA 19129
GYPSY LANE CONDOS
2 Bed / 2 Bath
1,054 Sq. Ft.
Property Type: Condo
MLS® #: 7033703
Courtesy of Realty Mark Associates - CC
Under Contract
Contingency
$ 174,000
4000 GYPSY LANE #612 | Philadelphia, PA 19129
GYPSY LANE CONDOS
MLS® #
Property Type
Beds
Baths
Square Ft
7033703
Condo
2
2
1,054 s.f.
Courtesy of Realty Mark Associates - CC
Great second floor condo located near pool and gym at beautiful gypsy lane a Gated community with a park like feel. 2 spacious bedrooms with plenty of closets space in each, 2 beautifully maintained baths, kitchen, ample dining room area, roomy livingroom and storage closet in condo. This condo also features large rooms, wall to wall carpet, some hardwood flooring, ceramic tile, walk in closet, washer and dryer, open floor plan, and many updates. This home is drenched in natural sunlight and is in move in condition. Just unpack and live...... Convienently located minutes from major highways, shopping and Center City. Great closets throughout the unit. The master bedroom has a large walk-in Newer W/D in the unit. Amenities include a health center, tennis courts, swimming pool and 24hr guard at the condo entrance. The condo fee includes water, sewer, and electric . Close to Kelly Drive and right off of Lincoln Drive.
Under Contract
Contingency
$ 174,900
4619 MILLETT STREET
Philadelphia, PA 19136
HOLMESBURG
3 Bed / 2 Bath
1,688 Sq. Ft.
Property Type: Condo
MLS® #: 7032841
Courtesy of Giraldo Real Estate Group
Under Contract
Contingency
$ 174,900
4619 MILLETT STREET | Philadelphia, PA 19136
HOLMESBURG
MLS® #
Property Type
Beds
Baths
Square Ft
7032841
Condo
3
2
1,688 s.f.
Courtesy of Giraldo Real Estate Group
Well kept 24 years Twin Raised Ranch located in Holmesburg neighborhood, with over 1,600sq ft of living space. As you enter this lovely home, you will immediately notice the hardwood flooring in the Living room and Dining room for easy care and maintenance. Modern kitchen with breakfast bar, solid wood cabinets and build-in Dishwasher. Two ample bedrooms in the main level, with the Master bedroom having access to modern hall bath with double sink and Walk-in Closet. Lower level features an in-law suite with fireplace, sliding doors to a private patio always great for entertaining large gatherings, also featuring laundry room and to a one car garage. This home has plenty of storage space and lots of parking available. Call for an appointment to see this "move right in" home.
Under Contract
Contingency
$ 174,900
8945 E ROOSEVELT BOULEVARD
Philadelphia, PA 19152
WINCHESTER PARK
3 Bed / 2/1 Bath
1,100 Sq. Ft.
Property Type: Condo
MLS® #: 7031040
Courtesy of RE/MAX Affiliates-Northeast
Under Contract
Contingency
$ 174,900
8945 E ROOSEVELT BOULEVARD | Philadelphia, PA 19152
WINCHESTER PARK
MLS® #
Property Type
Beds
Baths
Square Ft
7031040
Condo
3
2/1
1,100 s.f.
Courtesy of RE/MAX Affiliates-Northeast
move in condition lovely home just reduced 20k the lowest priced 3 home in Winchester park hardwood floors through out
Under Contract
Contingency
$ 175,000
1727 GUILFORD STREET
Philadelphia, PA 19111
RHAWNHURST
3 Bed / 1/1 Bath
1,222 Sq. Ft.
Property Type: Condo
MLS® #: 7019846
Courtesy of Tesla Realty Group LLC
Under Contract
Contingency
$ 175,000
1727 GUILFORD STREET | Philadelphia, PA 19111
RHAWNHURST
MLS® #
Property Type
Beds
Baths
Square Ft
7019846
Condo
3
1/1
1,222 s.f.
Courtesy of Tesla Realty Group LLC
Come see Twin home in Rhawnhurst (Northeast philly) Very close to shopping, transportation, and school.Easy to shows combo lock box!
Under Contract
Contingency
$ 175,000
4708 RUTLAND STREET
Philadelphia, PA 19124
FRANKFORD
4 Bed / 1 Bath
2,300 Sq. Ft.
Property Type: Condo
MLS® #: 7010549
Courtesy of City Wide Realty, Inc
Under Contract
Contingency
$ 175,000
4708 RUTLAND STREET | Philadelphia, PA 19124
FRANKFORD
MLS® #
Property Type
Beds
Baths
Square Ft
7010549
Condo
4
1
2,300 s.f.
Courtesy of City Wide Realty, Inc
Large home in Frankford. Currently tenant occupied. Tenant will be moving out this summer.
Under Contract
Contingency
$ 175,000
937 FOULKROD STREET
Philadelphia, PA 19124
NORTHWOOD
4 Bed / 2 Bath
1,808 Sq. Ft.
Property Type: Condo
MLS® #: 7010784
Courtesy of BHHS Fox & Roach-Newark
Under Contract
Contingency
$ 175,000
937 FOULKROD STREET | Philadelphia, PA 19124
NORTHWOOD
MLS® #
Property Type
Beds
Baths
Square Ft
7010784
Condo
4
2
1,808 s.f.
Courtesy of BHHS Fox & Roach-Newark
Welcome Home! This Northwood beauty boasts 4 bedrooms and 2 Baths. Hardwood floors on the main level. A large gourmet ea- in kitchen with an island and granite countertops as well as a wood burning stove. Large formal dining room and a large family room with a gas fireplace. It also has a rear deck and nice side yard for entertaining. This home is conveniently located to shopping and Center City. Make this home a part of your tour as it will not last long!
Under Contract
Contingency
$ 174,900
1521 STONEY LANE #B
Philadelphia, PA 19115
SCOTCHBROOK
2 Bed / 2/1 Bath
1,664 Sq. Ft.
Property Type: Condo
MLS® #: 7005290
Courtesy of Keller Williams Real Estate Tri-County
Under Contract
Contingency
$ 174,900
1521 STONEY LANE #B | Philadelphia, PA 19115
SCOTCHBROOK
MLS® #
Property Type
Beds
Baths
Square Ft
7005290
Condo
2
2/1
1,664 s.f.
Courtesy of Keller Williams Real Estate Tri-County
Must see this two bedroom, two and a half bath home in the Scotchbrook section. First floor level offers laminate floors, nice size living room, dining area, and kitchen with breakfast bar. Second floor has two nice size bedrooms, hall bath, and also full bathroom in master! Bedrooms have plenty of closet space and ceiling fans. Finished basement with half bath, gas fireplace, and glass sliding doors that lead to back patio and yard. Home also has a one car garage with automatic opener. Brand new water heater and also central air finishes this move in condition home! Make your appointment today!
Under Contract
Contingency
$ 174,900
6705 MARSDEN STREET
Philadelphia, PA 19135
MAYFAIR
3 Bed / 2/1 Bath
1,575 Sq. Ft.
Property Type: Condo
MLS® #: 6994385
Courtesy of New Century Real Estate
Under Contract
Contingency
$ 174,900
6705 MARSDEN STREET | Philadelphia, PA 19135
MAYFAIR
MLS® #
Property Type
Beds
Baths
Square Ft
6994385
Condo
3
2/1
1,575 s.f.
Courtesy of New Century Real Estate
Welcome to a completely remodeled and absolutely stunning home. It has been gutted and redone in and out. When you walk in you are welcomed by a vibrant and illuminated living space with high 9 foot ceilings; furnished with hardwood floors and a brand new electric fireplace. As this home is completely remodeled it features a brand new ducting system and high efficiency heater and air conditioner. Not only do you get a elegant living space you also are immediately attracted to the gorgeous new kitchen. This kitchen is completely redone with a granite counter-top and a lovely back-splash. One thing you can't miss is the kitchen island. This gives you plenty of space to create your culinary masterpieces. The main floor also has a new full bathroom decorated with tile throughout. The main floor serves as an exit to the private fenced backyard. The backyard is shaded from the sun by its canopy and the wonderful patio space makes it perfect for outdoor eating and grilling. A paved walkway from the front of the home to the backyard is a great touch. Conveniently the backyard gives you excellent entrance to the basement. This is a full basement that has been redone with tile floors, a spacious half bathroom, laundry room, and utility room. Making your way to the upper level you are greeted with a large full bathroom with a large 9 foot ceiling. The bedrooms are all redone with hardwood floors, ceiling fans, and plenty of closet room
Under Contract
Contingency
$ 175,000
4617 EDGEMONT STREET
Philadelphia, PA 19137
BRIDESBURG
2 Bed / 1 Bath
1,020 Sq. Ft.
Property Type: Condo
MLS® #: 6983313
Courtesy of Luxury Condo Realty Services
Under Contract
Contingency
$ 175,000
4617 EDGEMONT STREET | Philadelphia, PA 19137
BRIDESBURG
MLS® #
Property Type
Beds
Baths
Square Ft
6983313
Condo
2
1
1,020 s.f.
Courtesy of Luxury Condo Realty Services
Check out this very nice, clean and well kept two story semi-detached twin. This property is being sold in AS IS condition. It offers front and rear access, as well as its own secluded parking garage which is detached from the residence and has remote/code operating garage door. Rarely offered in regard to the detached garage. There is an additional side entrance. This amazing house offers almost as new appliances. It includes the built in dishwasher, refrigerator, cooking stove, sink, microwave, and kitchen cabinets. This twin comes with all fixtures pictured in the photos. Another amazing addition that you will get is the portable outside Jacuzzi located between the residence itself and the secluded garage. The Jacuzzi is AS-IS, no warranty included. Per owner, it is functional. There's also a lovely little green flower area on both sides of the backyard creating a beautiful touch to the decor of the property. This property features a separate AC cooling system that covers the first floor of the property, second floor has a window AC unit (which is included). This property is well kept and is in great condition. 4617 Edgemont Street, Philadelphia, Pennsylvania 19137 is in the Philadelphia City School District. Nearby schools include Bridesburg School, Pope John Paul Ii Regional School and Maritime Academy Charter School. The closest grocery stores are Fine Foods Market Inc, Robert Lachowicz Quality Foods and Luciano. Nearby coffee shops include The Post Office Cafe, 7-Eleven and 7-Eleven. Nearby restaurants include Bridesburg Pizza - The Best Pizza in Philadelphia, Benchwarmers and Food Jawn. 4617 Edgemont street is near Wissinoming Park, Allegheny Square and Cohox Playground. There are minimal bike lanes and the terrain is flat as a pancake. 4617 Edgemont street is somewhat bikeable, there is minimal bike infrastructure.
Under Contract
Contingency
$ 175,000
1342 E BARRINGER STREET
Philadelphia, PA 19119
PHILA (NORTH)
4 Bed / 2/1 Bath
1,650 Sq. Ft.
Property Type: Condo
MLS® #: 6977769
Courtesy of DRG Philly
Under Contract
Contingency
$ 175,000
1342 E BARRINGER STREET | Philadelphia, PA 19119
PHILA (NORTH)
MLS® #
Property Type
Beds
Baths
Square Ft
6977769
Condo
4
2/1
1,650 s.f.
Courtesy of DRG Philly
This large 4 bedroom, 2 bathroom home features a huge living room, dining room and eat-in kitchen. The home has hardwood throughout, tons of natural light,enormous closets in the bedrooms and on the main floor, a 1 car garage and parking for at least 3 other cars. The property is currently tenant occupied by tenants in the house and part of the basement, with the other half of the basement being rented out by a hair braiding salon. Here is your chance to have cash flow from day 1, or, live in the house and have the salon's rent pay your mortgage, or, use the entire house as a single family home!
Under Contract
Contingency
$ 175,000
1806 MEGARGEE STREET
Philadelphia, PA 19152
PHILA NORTHEAST
3 Bed / 1/1 Bath
1,304 Sq. Ft.
Property Type: Condo
MLS® #: 6959106
Courtesy of Premium Realty Group, Inc
Under Contract
Contingency
$ 175,000
1806 MEGARGEE STREET | Philadelphia, PA 19152
PHILA NORTHEAST
MLS® #
Property Type
Beds
Baths
Square Ft
6959106
Condo
3
1/1
1,304 s.f.
Courtesy of Premium Realty Group, Inc
Twin house located in the northeast Philadelphia. Tenant is occupied. Bring in all offers.
Under Contract
Contingency
$ 175,000
6413 BOYER STREET
Philadelphia, PA 19119
MT AIRY (EAST)
3 Bed / 2/1 Bath
1,107 Sq. Ft.
Property Type: Condo
MLS® #: 6934180
Courtesy of Holloway Realty LLC
Under Contract
Contingency
$ 175,000
6413 BOYER STREET | Philadelphia, PA 19119
MT AIRY (EAST)
MLS® #
Property Type
Beds
Baths
Square Ft
6934180
Condo
3
2/1
1,107 s.f.
Courtesy of Holloway Realty LLC
Rare Twin Rancher in Mt. Airy. Convenience of everything on one level. 3 nice sized bedrooms with 2 full baths on same level. Kitchen is well appointed with spacious cabinets. Washer hook up on lower level. The basement can actually be used as a separate living space. Wide open living space used as a recreation room or even a bedroom. Updated electrical panel, Hot water tank (2016) New replacement windows ( 2014) Wall to wall carpet (2014)Roof coating(2015) The exterior boast a covered patio on the front and side of the house. with cemented patios. One car garage. Driveway with space for two vehicles. Plenty of closet space through out. Can't beat the area. Very well kept. Please note, the basement has been recently renovated in the last few weeks. Fresh new walls, trim and paint throughout.
Under Contract
Contingency
$ 0
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