THE RENTAL RADAR
WHERE TO INVEST NEXT PHILADELPHIA, PA “City of Brotherly Love.” “Birthplace of America.” “Cradle of Liberty.” “Philly.” These are nicknames for Philadelphia we are familiar with and have learned since grade school. And yes, we all know Philadelphia is where the founding fathers signed the Declaration of Independence and where the Liberty Bell can be found. However, there are a LOT of other fun facts to discover about one of America’s most historic cities!
STATS
Median household income
$62K
Population 1.57 million
(vs $84K nat’l avg)
Median Home Sale Price
SALE
$280K
Median age 35.3 years
(32% less than nat’l avg)
Vacancy rate 4-7%
Average Rent $1,722
(vs 7-8% nat’l avg)
(vs $1,672 nat’l avg )
Wanamaker’s was one of America’s earliest department stores. Today, the building is being reimagined for its next era.
Pretzel Lovers: Philadelphians consume an average of 12 times more soft pretzels than the national average.
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