Overview
Despite being the largest city on the east coast and fifth-largest in the United States with a population of 1.2 million people, Philadelphia has the smallest land area in the nation. Even still, It is a great place to call home, complete with everything a family could want or need for comfortable living. This includes top employers, colleges and universities, great restaurants, shopping, and lots of attractions. Philadelphia is diverse and has opportunities for every lifestyle.
The neighborhoods cater to every lifestyle and budget. In some areas, you know that you live in a big city thanks to the tall buildings and the presence of bright lights. Other areas offer a more homely feeling. There exists neighborhoods to suit every lifestyle and personality.
New York City is located less-than two-hours from Philadelphia. Many residents enjoy day trips into the city although residents report there are plenty of things to fill their time right in their own back yard.
The Philadelphia Museum of Art highlights work from local and regional artists. The Museum of the American Revolution offers insight into the country’s great history.
1634 Listing Found in Philadelphia, PA
Buying a Home in Philadelphia
Housing costs vary greatly from one neighborhood to the next. That means people searching for a budget-friendly home have just as many options as buyers looking for a magnificent property in a gated community. Homes cost as little as $100,000 here, although most homes have a $233,303 median sales price. A bit of research simplifies the buying process.
Popular Neighborhoods in Philadelphia
Head to the north area to Fairmount for the arts, culture, and non-stop entertainment. Known as the ‘art museum area,’ the neighborhood is within proximity to some of the city’s best museums. The neighborhood offers its residents plenty of green space and beautiful homes.
University City in the westside is a great choice for college students and young professionals. The lively neighborhood houses coffee shops and tons of local retailers offer clothing, handmade goods, and even gourmet treats.
Buying Vs. Rent to Own Homes
Buying a home using traditional strategies requires you have good credit, a large down payment, and other miscellaneous fees. If you are interested in homeownership but are not quite ready, consider rent-to-own instead.
Under a rent-to-own contract, you have time to save up money, improve your credit score, and otherwise prepare for homeownership in the upcoming future. Simply pay an option fee to start the contract. Even buyers without good credit may qualify under a rent-to-own contract.
Cost of Living in Philadelphia
Housing and groceries account for the biggest expenses, although residents still enjoy rates about half that of the national average. People move to Philly when they need a comfortable life and a great cost of living and find both qualities.
Summary
One of the best big cities on the east coast, Philadelphia is diverse, conveniently located, and comfortable for families searching for affordable homeownership options. The city is filled with history, great homes, and plenty of entertainment for all ages.
Rent to Own Realtors
Consider talking to an attorney if rent to own home sounds ideal. Under normal circumstances, the realtor would answer questions and help, however, they often avoid rent-to-own deals. Therefore, your help comes from an attorney who can help better decide if this option works for your needs. The attorney can go over the contract and provide other useful information.
About Our Listings
Since realtors do not offer rent-to-own housing, you may wonder how to find private sellers. We offer free listings right here on our website. These foreclosures and rent-to-own homes lease purchase headaches for many people and can do the same for your needs.
Find properties near me with Rent to own Reviews:
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City of Philadelphia, PA Demographic Information
- Population:1,518,049
- White Population:683,742
- Black Population:655,846
- Hispanic Population:128,930
- Asian Population:67,654
- Hawaiian Population:730
- Indian Population:4,073
- Other Population:72,430
- Male Population:705,293
- Female Population:812,756
- Avg House Value:$92,435
- Avg Household Income:$51,802