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: $174,500 to $175,000 Price Average: $174,857
Size Range: 396 to 1,560 Sq. Ft. Size Average: 881 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 174,900
250 S 13 Th STREET #2G
Philadelphia, PA 19107
Center City
1 Bed / 1 Bath
0 Sq. Ft.
Property Type: Condo
MLS® #: PAPH512182
Courtesy of Advantage Holdings LLC
Under Contract
Contingency
$ 174,900
250 S 13 Th STREET #2G | Philadelphia, PA 19107
Center City
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH512182
Condo
1
1
0 s.f.
Courtesy of Advantage Holdings LLC
new ad: USE THIS ONE: An affordable sunny, spacious studio with city skyline views, lies in the center of Midtown Village, features new beautiful hardwood floors, high ceilings, soaring windows, as well as new high end granite kitchen and bathroom. Perfect for pied-a-terre or permanent. Move-in condition, with brand new: (1) Dishwasher: 24 inch 55-Decibel built-in, (2) Range: 30 inch , (3) Garbage Disposal - Insinkerator, (4) Refrigerator - 27 inch Paneled Sub Zero with two freezer drawers, (5) Custom built-in desk & cabinetry, (6) Mid Century Lighting - Henningsen Pinecone Lamp & 3 Arm MCL-SP3 Spider Ceiling LampThis pet friendly, diverse community is at the heart of Philly~s LGBT district. 24/7 desk concierge, bike storage, laundry facilities. No need for car - all main city attractions within minutes~ walk. World class public transport. Excellent bike lanes. Walker~s, Rider~s, and Biker~s paradise, respective scores 98, 100, 97.
Under Contract
Contingency
$ 175,000
5100 Convent LANE #402
Philadelphia, PA 19114
Northeast
2 Bed / 2 Bath
1,560 Sq. Ft.
Property Type: Condo
MLS® #: PAPH509808
Courtesy of Coldwell Banker Preferred-Old City
Under Contract
Contingency
$ 175,000
5100 Convent LANE #402 | Philadelphia, PA 19114
Northeast
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH509808
Condo
2
2
1,560 s.f.
Courtesy of Coldwell Banker Preferred-Old City
Welcome to Baker~s Bay, a gated community! This expansive 2 bed, 2 bath condo features over 1,500 beautifully laid out square feet. Once inside, you~ll notice a welcoming foyer area which opens up to a sprawling open floor plan. Living room and dining room feature massive windows and a balcony overlooking the scenic Delaware River. The eat-in kitchen is conveniently tucked away, yet very accessible and has a generous amount of cabinet space. The master bedroom is huge and features and en-suite, a walk-in closet, laundry closet for your convenience and a window with water views. The second bedroom, currently used as a den is cozy and bright and would be a perfect den, office or true bedroom. This is one of the largest units in Baker~s Bay and now is your opportunity to make it your own. Baker~s Bay is a private community that features indoor and outdoor pool, tennis courts, a club house, hot tub, shuttle service, organized community events and so much more!
Under Contract
Contingency
$ 174,900
323 Shawmont AVENUE #1B6
Philadelphia, PA 19128
Green Tree Run
2 Bed / 2 Bath
0 Sq. Ft.
Property Type: Condo
MLS® #: PAPH506552
Courtesy of Continental Real Estate Group
Under Contract
Contingency
$ 174,900
323 Shawmont AVENUE #1B6 | Philadelphia, PA 19128
Green Tree Run
MLS® #
Property Type
Beds
Baths
Square Ft
PAPH506552
Condo
2
2
0 s.f.
Courtesy of Continental Real Estate Group
2 bedroom/2bathroom condo in wooded area. Updated Kitchen with granite countertops, beautiful maple wood cabinets, and stainless steel appliances. Newer windows and front screen door. New heater, A/C and hot water heater November 2017. Bathrooms updated with oak vanities. Ceiling fans in bedrooms and living room. Incredible, private view of woods from rear screened balcony. Outdoor/indoor pool, workout room. HOA includes heat, trash, sewer, water, outdoor maintenance, and snow removal.
Under Contract
Contingency
$ 174,900
1100 S Broad STREET #204B
Philadelphia, PA 19146
Washington Sq West
0 Bed / 1 Bath
396 Sq. Ft.
Property Type: Condo
MLS® #: 1002357094
Courtesy of Mercury Real Estate Group
Under Contract
Contingency
$ 174,900
1100 S Broad STREET #204B | Philadelphia, PA 19146
Washington Sq West
MLS® #
Property Type
Beds
Baths
Square Ft
1002357094
Condo
0
1
396 s.f.
Courtesy of Mercury Real Estate Group
An Urban Oasis awaits you at the Marine Club. Enter the lobby off of South Broad Street and feel right at home. Choose from many unique and renovated floorplans to fit your lifestyle. Re-energize in our professionally managed 10,000sqft fitness center that includes hot tubs, saunas, locker rooms, personal training, group fitness and much more. Stop by the full service spa for a massage or facial. Apartments boast granite countertops, hardwood floors, stainless steel appliances and generous counter space. Situated along The Avenue of the Arts, you have access to all of the city's theaters and fabulous restaurants. The Marine Club is just minutes from the historical district and the charm and shopping of Rittenhouse Square. Also enjoy the newly upgraded Market East. Walk to the 1talian Market or jump on the subway for a quick ride to the sports arenas.Property is being sold in as-is condition. Purchaser responsible for Use and Occupancy Certificate. No Disclosures. Addendums generate upon an accepted offer. Cash offers are to be submitted with proof of funds. Escrow deposit is to be in form of certified funds. Please allow 2 to 3 business days for response.All offers mvst be submitted by the Bvyer's agent via the RES. NET Portal. Offers submitted by any other means will not be considered. To submit your bvyer's offer, simply click the link below. If you already have a RES. NET agent account, you will be prompted to log in. If not, you will be prompted to create an account.
Under Contract
Contingency
$ 175,000
1100 S Broad STREET #404B
Philadelphia, PA 19146
Phila (South)
1 Bed / 1 Bath
396 Sq. Ft.
Property Type: Condo
MLS® #: 1001190538
Courtesy of Keller Williams Philly
Under Contract
Contingency
$ 175,000
1100 S Broad STREET #404B | Philadelphia, PA 19146
Phila (South)
MLS® #
Property Type
Beds
Baths
Square Ft
1001190538
Condo
1
1
396 s.f.
Courtesy of Keller Williams Philly
An Urban Oasis awaits you at the MarineClub. Enter the lobby off of South Broad Street and feel right at home. Re-energize in our fitness center that includes hot tubs, saunas, locker rooms, personal training, group fitness and much more. Stop by the full service spa for a massage or facial. This studio apartment has granite countertops, hardwood floors, stainless steel appliances and generous counter space. The MarineClub is situated along The Avenue of the Arts, you will have access to all of the city's theaters and fabulous restaurants. The MarineClub is just minutes from the historical district and the charm and shopping of Rittenhouse Square. Walk to the ItalianMarket or jump on the subway for a quick ride to the sports arenas. There is currently a renter in the unit, so great for an investor. THIS IS ACTIVE!!!
Under Contract
Contingency
$ 174,500
3900 Ford ROAD #6G
Philadelphia, PA 19131
Park Plaza
2 Bed / 2 Bath
1,328 Sq. Ft.
Property Type: Condo
MLS® #: 1000866562
Courtesy of BHHS Fox & Roach - Narberth
Under Contract
Contingency
$ 174,500
3900 Ford ROAD #6G | Philadelphia, PA 19131
Park Plaza
MLS® #
Property Type
Beds
Baths
Square Ft
1000866562
Condo
2
2
1,328 s.f.
Courtesy of BHHS Fox & Roach - Narberth
REDUCED, RARE OPPORTUNITY. Welcome to the fabulous 6G unit at Park Plaza Condominium. Be the first to occupy this professionally designed, bright and airy, completely renovated 2 bedroom, 2 full bathroom condo which has over 1,300 square feet of living space. Enter the condo into a foyer that leads to the open concept living and dining room. This bright and airy space offers floor to ceiling windows and glass sliding doors that open to the balcony, which overlooks the pool area and park. The renovated, galley style kitchen with NEW stainless steel appliances, granite counter tops, stone backsplash, lots of cabinet space and tile flooring. The spacious master bedroom has dressing area with granite counters, lots of closet space, fully renovated master bath and glass sliding doors to the balcony. A second large bedroom has generous closet space. A full hall bathroom has been beautifully renovated with a pedestal sink, stall shower and tile flooring. The laundry room includes a full size washer/dryer and has plenty of storage/pantry space. If you are looking for an upscale lifestyle, this could be your new home! The Park Plaza Condominium has a fabulous fitness center with new equipment and indoor/outdoor swimming pools. THE MONTHLY FEE INCLUDES ALMOST EVERYTHING: All Utilities including electric, heat, a/c, water & basic cable, 24-hour Front Desk, Doorman during the hours of 10a-8p, On-Site Management, On-Site Maintenance, and tennis. Close to public transportation, parks and restaurants. Minutes from 76, Manayunk and Center City.
Under Contract
Contingency
$ 174,800
511-19 N Broad STREET #205
Philadelphia, PA 19123
Northern Liberties
1 Bed / 1 Bath
726 Sq. Ft.
Property Type: Condo
MLS® #: 1000467624
Courtesy of RE/MAX Eastern-Feasterville
Under Contract
Contingency
$ 174,800
511-19 N Broad STREET #205 | Philadelphia, PA 19123
Northern Liberties
MLS® #
Property Type
Beds
Baths
Square Ft
1000467624
Condo
1
1
726 s.f.
Courtesy of RE/MAX Eastern-Feasterville
This studio is approximately 12 years. Features include hardwood floors (recently added), washer & dryer in the unit, refrigerator, large living room space, six large windows, kitchen island, ceramic tile floor in the bathroom and shower wall, intercom system, doorman, fifteen foot ceilings with exposed pipes and beautiful recently upgraded lobby entrance. You are in walking distance to the Philadelphia Art Museum, many theaters, night life, restaurants, BYOB's, personal storage area in the basement, close to Amtrak and SEPTA. It is currently occupied at 1,150.00 per month.
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