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: 396 to 1,600 Sq. Ft. Size Average: 1,109 Sq. Ft.
Gallery List Map
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Under Contract
Contingency
$ 175,000
8313 RODNEY STREET
Philadelphia, PA 19150
CEDARBROOK
3 Bed / 1 Bath
1,270 Sq. Ft.
Property Type: Condo
MLS® #: 7184238
Courtesy of Keller Williams Real Estate-Horsham
Under Contract
Contingency
$ 175,000
8313 RODNEY STREET | Philadelphia, PA 19150
CEDARBROOK
MLS® #
Property Type
Beds
Baths
Square Ft
7184238
Condo
3
1
1,270 s.f.
Courtesy of Keller Williams Real Estate-Horsham
Large 3 bedroom 1 bath brick twin in the Cedarbrook section of the city. This home is in need of TLC. Large rooms, roof is 5 years old, garage has been converted into additional living space. Lots of potential! Conveniently located close to shops and public transportation. Bring your imagination and schedule your showing today.
Under Contract
Contingency
$ 174,900
7344 DORCAS STREET
Philadelphia, PA 19111
PHILA NORTHEAST
3 Bed / 1/1 Bath
1,600 Sq. Ft.
Property Type: Condo
MLS® #: 7182824
Courtesy of Premium Realty Group, Inc
Under Contract
Contingency
$ 174,900
7344 DORCAS STREET | Philadelphia, PA 19111
PHILA NORTHEAST
MLS® #
Property Type
Beds
Baths
Square Ft
7182824
Condo
3
1/1
1,600 s.f.
Courtesy of Premium Realty Group, Inc
Beautiful Twin House, Move in Condtion, 3 Bedrooms, 1.5 Baths, New Paint, Hardwood Floors, Finish Basement, Big Yard and large lot, Close to school, Transportation, and Shopping.
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® #: 7180495
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
7180495
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.
Under Contract
Contingency
$ 174,900
9949 BRIDLE ROAD
Philadelphia, PA 19115
BUSTLETON
3 Bed / 1/1 Bath
1,170 Sq. Ft.
Property Type: Condo
MLS® #: 7169355
Courtesy of RE/MAX Realty Services-Bensalem
Under Contract
Contingency
$ 174,900
9949 BRIDLE ROAD | Philadelphia, PA 19115
BUSTLETON
MLS® #
Property Type
Beds
Baths
Square Ft
7169355
Condo
3
1/1
1,170 s.f.
Courtesy of RE/MAX Realty Services-Bensalem
Twin home featuring three bedrooms, one full bath,powder room in the finished basement, front garage, rear yard, living room,dining room, home being sold as is. owner and salesperson make no representations or warranties as to the condition of premises. corporate addenda apply.Please note that water failed a pressure test and will not be restored by owner.
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Listing information last updated 05/27/2018 at 07:15:36 UTC.

 

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