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: $174,900 to $175,000 Price Average: $174,950
Size Range: 395 to 1,728 Sq. Ft. Size Average: 1,122 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 175,000
511-19 N BROAD STREET #802
Philadelphia, PA 19123
LOFT DISTRICT
0 Bed / 1 Bath
737 Sq. Ft.
Property Type: Condo
MLS® #: 6971584
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 175,000
511-19 N BROAD STREET #802 | Philadelphia, PA 19123
LOFT DISTRICT
MLS® #
Property Type
Beds
Baths
Square Ft
6971584
Condo
0
1
737 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Bright, open, spacious, completely renovated studio with enormous West facing windows. Dark hardwood floors make this large studio feel sleek and modern. Kitchen was just renovated with granite countertops, stainless steel appliances, dining bar, and glass backsplash. High ceilings make it feel airy and loft like. Bathroom was just completely renovated with neutral grey tones, tiled floors,and wooden vanity. 511 N Broad is near all major transportation, easy commute to all hospitals, city hall, and more. Building has security during busy hours, otherwise key pad entry to the building. Extra storage in the basement, washer/dryer on the 2nd floor.
Under Contract
Contingency
$ 175,000
9300 TROUT ROAD
Philadelphia, PA 19115
NORTHEAST
3 Bed / 1/1 Bath
1,080 Sq. Ft.
Property Type: Condo
MLS® #: 6965310
Courtesy of Home Solutions Realty Group LLC
Under Contract
Contingency
$ 175,000
9300 TROUT ROAD | Philadelphia, PA 19115
NORTHEAST
MLS® #
Property Type
Beds
Baths
Square Ft
6965310
Condo
3
1/1
1,080 s.f.
Courtesy of Home Solutions Realty Group LLC
Picture perfect Ranch home with a huge yard. Recently renovated with many upgrades - painting, laminate floors, carpet, newer siding, roof, windows and more. Detached car garage as well. Large and gorgeous back yard, ideal for growing your own organic vegetables, build a pool or BBQ party. This location is incredibly convenient to all of the popular stores, restaurants and public transportation. This one won't last- schedule your showing today!
Under Contract
Contingency
$ 174,900
1920 AFTON STREET
Philadelphia, PA 19111
RHAWNHURST
3 Bed / 1/1 Bath
1,224 Sq. Ft.
Property Type: Condo
MLS® #: 6954129
Courtesy of RE/MAX Realty Services-Bensalem
Under Contract
Contingency
$ 174,900
1920 AFTON STREET | Philadelphia, PA 19111
RHAWNHURST
MLS® #
Property Type
Beds
Baths
Square Ft
6954129
Condo
3
1/1
1,224 s.f.
Courtesy of RE/MAX Realty Services-Bensalem
Welcome to this well maintained spacious twin with great curb appeal. Enter into Living Room with beautiful bow/bay window, hardwood floors under carpet. The dining room has a beautiful lighted built in display cabinet and 2nd bow/bay window. The kitchen has upgraded wood cabinets, s/s sink, self cleaning gas oven,refrigerator with ice maker and maytag dishwasher. There is a pocket door leading to the partial fin basement. The 2nd floor has 3 nice size bedrooms all with ceiling fans. The upgraded hall bath has ceramic tile floor, tiled half wall and around the tub, upgraded vanity with mirrored medicine cabinet and frosted glass window. The basement has a 1/4 bath, newer glass block windows, knotty wood paneling, built in cedar closet and separate laundry area with washer, dryer and double laundry tub. There is access to the garage from the basement. Garage has a fire security door and automatic garage door opener. The basement leads to the rear driveway with parking for 1 car. There is also a garden area off the rear driveway. Some of the upgrades include brand new Rheem heater, air conditioner and thermostat, newer Bradford hot water heater, new fuse box and outside main cable,newer steel front door,steel rear door and storm doors and brick has been re-pointed. This home is in a very convenient location within walking distance to stores and public transportation. Owner will do no additional upgrades/repairs.
Under Contract
Contingency
$ 174,900
939 E MOUNT AIRY AVENUE
Philadelphia, PA 19150
MT AIRY (EAST)
3 Bed / 1/1 Bath
1,312 Sq. Ft.
Property Type: Condo
MLS® #: 6946543
Courtesy of RE/MAX Affiliates-Northeast
Under Contract
Contingency
$ 174,900
939 E MOUNT AIRY AVENUE | Philadelphia, PA 19150
MT AIRY (EAST)
MLS® #
Property Type
Beds
Baths
Square Ft
6946543
Condo
3
1/1
1,312 s.f.
Courtesy of RE/MAX Affiliates-Northeast
Under Contract
Contingency
$ 174,900
2101-17 CHESTNUT STREET #1705
Philadelphia, PA 19103
FITLER SQUARE
0 Bed / 1 Bath
406 Sq. Ft.
Property Type: Condo
MLS® #: 6955216
Courtesy of RE/MAX 2000
Under Contract
Contingency
$ 174,900
2101-17 CHESTNUT STREET #1705 | Philadelphia, PA 19103
FITLER SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
6955216
Condo
0
1
406 s.f.
Courtesy of RE/MAX 2000
Clean move in ready studio on the 17th floor with excellent city views. Riverwest boasts 24 hour front desk with secure entry, state of the art fitness center, computer/media room with big screen TV, laundry room & on site maintenance. Walk out the front door and you will have plenty of restaurants,shopping,transportation and fun city life.
Under Contract
Contingency
$ 175,000
1205 WAKELING STREET
Philadelphia, PA 19124
NORTHWOOD
4 Bed / 1 Bath
1,728 Sq. Ft.
Property Type: Condo
MLS® #: 6901437
Courtesy of ERA Continental Realty
Under Contract
Contingency
$ 175,000
1205 WAKELING STREET | Philadelphia, PA 19124
NORTHWOOD
MLS® #
Property Type
Beds
Baths
Square Ft
6901437
Condo
4
1
1,728 s.f.
Courtesy of ERA Continental Realty
Large 3 story twin on lovely tree-lined block in the Northwood section. Third floor could be converted into a 4th bedroom suite. Eat-in kitchen and fabulous woodwork throughout the home. Short walk to shopping and schools. Third floor can be converted to a Fourth Bedroom.
Under Contract
Contingency
$ 174,900
1069 PRATT STREET
Philadelphia, PA 19124
NORTHWOOD
3 Bed / 2/1 Bath
1,530 Sq. Ft.
Property Type: Condo
MLS® #: 6881642
Courtesy of Canaan Realty Investment Group
Under Contract
Contingency
$ 174,900
1069 PRATT STREET | Philadelphia, PA 19124
NORTHWOOD
MLS® #
Property Type
Beds
Baths
Square Ft
6881642
Condo
3
2/1
1,530 s.f.
Courtesy of Canaan Realty Investment Group
Beautiful newly renovated twin home located at a nice location. New hardwood floor through out the house, brand new kitchen, new bathroom, newer windows and newer central air heating system. Basement finished, luxury full bath in the basement.
Under Contract
Contingency
$ 175,000
1923 N 61ST STREET
Philadelphia, PA 19151
OVERBROOK
4 Bed / 2/1 Bath
1,488 Sq. Ft.
Property Type: Condo
MLS® #: 6839690
Courtesy of All Access Realty
Under Contract
Contingency
$ 175,000
1923 N 61ST STREET | Philadelphia, PA 19151
OVERBROOK
MLS® #
Property Type
Beds
Baths
Square Ft
6839690
Condo
4
2/1
1,488 s.f.
Courtesy of All Access Realty
This large home in the Overbrook section of Philadelphia is in "move in" condition with a lot of upgrades. The first floor has an enclosed porch, living, room, dining room, kitchen, laundry area, powder room, and access to the rear deck. There are hardwood floors throughout the first floor with recess lighting in the living room. The kitchen has stainless steel appliances and lots of cabinet space. The basement is full and unfinished with high ceilings. The second floor has four bedrooms with a master bathroom and a hall bathroom. This home was totally renovated a couple of years ago with new plumbing and electric. Some TLC is needed, but is in "move in" condition. The owner is motivated and wants an offer.
Under Contract
Contingency
$ 174,900
1134 MAGEE AVENUE
Philadelphia, PA 19111
CASTOR GARDENS
3 Bed / 1/1 Bath
1,320 Sq. Ft.
Property Type: Condo
MLS® #: 6833082
Courtesy of Keller Williams Real Estate-Blue Bell
Under Contract
Contingency
$ 174,900
1134 MAGEE AVENUE | Philadelphia, PA 19111
CASTOR GARDENS
MLS® #
Property Type
Beds
Baths
Square Ft
6833082
Condo
3
1/1
1,320 s.f.
Courtesy of Keller Williams Real Estate-Blue Bell
Nicely maintained and updated twin (semi-detached) in Castor Gardens. Features include: Large rear decks (upper and lower decks) for entertaining and enjoying the outdoors, monitored alarm system with video, 100 amp Circuit Breakers electric service, beautifully finished 3 piece hall bath in 2016 (You must see this bath to believe it), finished 1/2 bath in basement, finished kitchen with stainless steel appliances including dish washer, most replacement windows, built-in garage with inside access. This home was recently updated with : Brand new beautiful floors (not walked on yet) in LR, DR and KIT, most ceilings refinished, freshly painted throughout, Brand new quality fire door between garage and inside access, brand new storm door in basement entrance, new back and front railings, 4 brand new ceiling fans. This home is Move-in Ready and being sold "AS IS" with so many improvements. FHA and VA approved. Seller is entertaining well qualified buyers only please. A previous Home Inspection report may be made available for informational purposes only and possibly save the buyer that expense at buyer's option. This is a MUST see, with recent upgrades this one will not last.
Under Contract
Contingency
$ 175,000
250 S 13TH STREET #2G
Philadelphia, PA 19107
CENTER CITY
0 Bed / 1 Bath
395 Sq. Ft.
Property Type: Condo
MLS® #: 6754344
Courtesy of PA RealtyWorks, LLC
Under Contract
Contingency
$ 175,000
250 S 13TH STREET #2G | Philadelphia, PA 19107
CENTER CITY
MLS® #
Property Type
Beds
Baths
Square Ft
6754344
Condo
0
1
395 s.f.
Courtesy of PA RealtyWorks, LLC
Lovely studio Condo at The Lenox, located in Center City/Washington Square West. In the last few years this has become one of the hottest and fastest growing neighborhoods in the City. This Condo is fully renovated Hardwood floor, granite counters with a walk-in closet/storage space. Lovely entrance with 24hr Doorman. The Condo fee includes internet and all utilities except electric and cable TV. There is Bike storage, common laundry in building and is Pet friendly. Reduced priced parking nearby for Lenox residents. The Lenox offers the excitement luxury and convenience of the city. Conveniently located, this location is close to public transportation and central to all of center city Philadelphia's shopping and top chef restaurants that downtown Philly offers and more?? Take a look for yourself.
Under Contract
Contingency
$ 0
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