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: $174,967
Size Range: 406 to 1,650 Sq. Ft. Size Average: 1,282 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 175,000
3900 FORD ROAD #6D
Philadelphia, PA 19131
PARK PLAZA
2 Bed / 2 Bath
1,526 Sq. Ft.
Property Type: Condo
MLS® #: 7003793
Courtesy of BHHS Fox & Roach-Haverford
Under Contract
Contingency
$ 175,000
3900 FORD ROAD #6D | Philadelphia, PA 19131
PARK PLAZA
MLS® #
Property Type
Beds
Baths
Square Ft
7003793
Condo
2
2
1,526 s.f.
Courtesy of BHHS Fox & Roach-Haverford
Enter thru the tiled entrance hall into this Fabulous 2 bedroom 2 bath corner with balcony facing the woods. In the entrance hall there are mirrored closet doors and a huge storage closet. The wall to wall windows make this a bright condo. The unit has been rehabbed with a beautiful kitchen that has a Copper backsplash and Corian countertops. There is a wood block counter top for your meal preparation and a desk or shelf for having your morning tea or coffee. Washer and dryer are in the closet. The dining room has magnificent custom wooden doors to a storage area. Master bedroom has wall to wall windows, the dressing room has been redone and the vanity has granite countertops. The bathroom has a tub and tile work has been redone. The 2nd bedroom is used as a den. The hall bath has a stall shower and redone tile work. Park Plaza is a full service building with indoor & outdoor pools and tennis. The health club has newer equipment and the lobby has just be redone. Garage & Storage lockers by wait list. Doorman 10:00 am to 8:00 pm weekdays and 11:00 am - 8:00 pm weekends, 24 hour front desk person. Maintenance and management on premises. Condo Fee includes: all utilities, basic cable TV and fire insurance. Close to at major commuting routes, shops and transportation. No Pets. All of the balconies in the building are presently being redone and there is no access to balcony until the Construction is over. Breakdown of condo fee: $837 HOA, $20 Cable, $172 Balcony Assessment for a total of $1,029.
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
4209 LANSING STREET
Philadelphia, PA 19136
MAYFAIR
3 Bed / 1/1 Bath
1,234 Sq. Ft.
Property Type: Condo
MLS® #: 6993592
Courtesy of Coldwell Banker Preferred-Old City
Under Contract
Contingency
$ 175,000
4209 LANSING STREET | Philadelphia, PA 19136
MAYFAIR
MLS® #
Property Type
Beds
Baths
Square Ft
6993592
Condo
3
1/1
1,234 s.f.
Courtesy of Coldwell Banker Preferred-Old City
Welcome home - move right into this upgraded and meticulously maintained Mayfair gem. First floor features a spacious living room, full dining room, and upgraded kitchen. From the dining room, walk right out onto the new oversized deck which oversees the spacious rear yard. Upstairs you'll find two nicely sized bedrooms, plus master bedroom and upgraded full bathroom. A finished basement complete with music recording space, washer/dryer, and rear yard access adds to the utility and charm. Don't forget the rear driveway and 1-car garage. Each and every window is brand new and you'll find numerous upgrades throughout. Come see today!
Under Contract
Contingency
$ 174,900
926 E WADSWORTH AVENUE
Philadelphia, PA 19150
MT AIRY (EAST)
3 Bed / 2/1 Bath
1,296 Sq. Ft.
Property Type: Condo
MLS® #: 6988722
Courtesy of Weichert Realtors, McCarthy Assoc-Northwest Phila
Under Contract
Contingency
$ 174,900
926 E WADSWORTH AVENUE | Philadelphia, PA 19150
MT AIRY (EAST)
MLS® #
Property Type
Beds
Baths
Square Ft
6988722
Condo
3
2/1
1,296 s.f.
Courtesy of Weichert Realtors, McCarthy Assoc-Northwest Phila
PRICE REDUCED!!! Attention all buyers, this property has it all. Look no further!!!! located on the beautiful block in east mount airy this one has all you could need. Notice the well kept front lawn with a open patio to relax and enjoy nature. first floor features living room dinning room and an updated kitchen the 2nd floor features master bedroom with a full well kept bathroom , it also features two other nice size bedrooms with a well kept hall three piece bathroom. The basement is finished and can be used as a family room or a 4th bedroom . The separate laundry area that leads out to the side/rear yard and driveway. The other highlights of this house are update windows throughout the home, Heating system, hardwood floors. Close to transportation ,Shopping Malls, Chestnut Hill area shops, 309 Interstate and Lincoln Drive. All this home needs is your personal touch.
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
646 SUMMIT AVENUE
Philadelphia, PA 19128
ANDORRA
4 Bed / 1 Bath
1,365 Sq. Ft.
Property Type: Condo
MLS® #: 6963760
Courtesy of Kershaw Real Estate
Under Contract
Contingency
$ 175,000
646 SUMMIT AVENUE | Philadelphia, PA 19128
ANDORRA
MLS® #
Property Type
Beds
Baths
Square Ft
6963760
Condo
4
1
1,365 s.f.
Courtesy of Kershaw Real Estate
Great 3-4 Bed, 1 bath twin in Upper Roxborough with driveway parking. Plenty of room in this nice sized home with its open floor plan living and dining area. Home could be used as 3 or 4 bedrooms. Bathroom newly renovated with subway tile. Fresh neutral painting throughout. Home has newer heater and hot water heater, newer windows. Wonderful front porch for relaxing on those calm summer nights while the rear yard offers an entertaining area. Close to shopping, public transportation and parks.
Under Contract
Contingency
$ 174,999
5012 N CONVENT LANE #K
Philadelphia, PA 19114
BAKERS BAY
2 Bed / 2 Bath
1,381 Sq. Ft.
Property Type: Condo
MLS® #: 6957769
Courtesy of Keller Williams Realty Group
Under Contract
Contingency
$ 174,999
5012 N CONVENT LANE #K | Philadelphia, PA 19114
BAKERS BAY
MLS® #
Property Type
Beds
Baths
Square Ft
6957769
Condo
2
2
1,381 s.f.
Courtesy of Keller Williams Realty Group
NEWLY RENOVATED BEAUTIFUL CONDO!! Welcome to the BEST LUXURY CONDOS and gated community of Northeast Philadelphia, the Bakers Bay Condominium!! Ready for move-in, come see this beautiful, VERY SPACIOUS 1ST FLOOR CONDO with a PRIVATE PATIO!!! You'll have a complete kitchen with a dishwasher, fantastic living room and dining area, and two nice sized bedrooms with two FULL BATHROOMS!!! There are gorgeous hardwood floors, a fireplace, and amazing natural light throughout. And last but not least, the estimated condo association fee includes endless amenities, the swimming pool, fitness center, tennis courts, game room and library, club house, security, water and sewer, and transportation to local markets and malls. Everything you need in one place. Just steps from the Delaware River Yacht Club and I-95, this is PRIME!! Property is PRICED TO SELL.
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
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
***** BACK ON THE MARKET ***** 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 and Dryer 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. Don't wait too long....it won't last.
Under Contract
Contingency
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