Real Estate In Philadelphia, PA

Philadelphia Real Estate

  • About

  • History

  • Location

  • Things to do

  • Demographics

  • Culture

  • Schools

  • FAQ

A Stable Job Market and a Strong and Diverse Economy Are Among the Top Reasons why the Philadelphia, PA Real Estate Market is an Attractive Investor Destination

American founding fathers debated and discussed the formation of the United States in Philadelphia, making the region one of the most significant places. Philadelphia, PA, is the first World Heritage City in the United States, making it a perfect location for real estate investors because of tourism. The city is home to many of the first institutions, including a medical school, library, the national capital, and hospital. The city has continued to experience immense economic growth over the years. This makes investing in the Philadelphia, PA real estate market an opportunity no American would want to miss. Come to Philadelphia and live in one of the most prominent investor destinations in the United States. Read this piece, and it will definitely propel you towards investing in the City of Brotherly Love.

History

Philadelphia is a term that means the City of Brotherly Love, following William Penn's endeavor to establish a tradition of tolerance of human rights. Native American tribes were the area's original inhabitants. Swedish, English, and Dutch merchants had established trading posts in the Delaware Valley area as early as the 1600s, but the English prevailed. Penn arrived at the location in 1682, and since he was a Quaker pacifist, he signed a peace treaty with Tamanend, a Lenape chief. He established a tradition of human rights tolerance, hence the City of Brotherly Love. Philadelphia thrived and became the biggest shipbuilding center, attracting individuals such as Benjamin Franklin, who became The Pennsylvania Gazette's publisher in 1729. Did you know that the founding fathers wrote the U.S. Constitution in Philadelphia in 1787? The city also became the nation's capital after the Revolutionary War in 1790, and it was the biggest metropolitan with approximately 44,000 residents. The First Bank of the United States and the U.S. Mint started in the city. Philadelphia supported the Union during the Civil War, and it supplied warships, uniforms, and weapons, resulting in the growth of local industries. After World War II, the city experienced significant growth, including culture, economy, population, and art. Today, Philadelphia is one of the most notable cities in the United States.

Things to do in Philadelphia

Visit the Rocky Statue and the Rocky Steps outside the Philadelphia Museum of Art. The attraction has fascinated millions of visitors from the United States and globally. Visitors must trek the 72 steps and have a spectacular view of the city skyline and the Benjamin Franklin Parkway.
It would be best if you learned about Philadelphia's history by visiting the Independence Hall, one of the only World Heritage sites in the United States. The founding fathers drafted and signed the U.S. Constitution and the Declaration of Independence in that hall. Liberty Bell is another significant attraction because it symbolizes the abolitionist movement.
Visit the Independence National Historical Park, which receives millions of visitors annually. The park includes churches, historic houses, government buildings, cemeteries, and museums. You can go back in time by visiting museums that showcase the region's history. Some museums include the Weitzman National Museum of American Jewish History.
Don't miss the Underground Railroad Museum located in Belmont Mansion. The mansion was home to Judge Richard Peters, an abolitionist who fought against slavery. Visitors to the museum can view historical artifacts and take self-guided tours to learn about the history of the museum and the Underground Railroad. Complement your historical knowledge by going to the African American Museum, which preserves, interprets, and exhibits the culture and heritage of African Americans.
You can supplement your tours, history lessons, and art viewing with the Philly Cheesesteak, the city's favorite food. Residents and visitors love this destination because of the quality of food. Your experiences in Philadelphia will not be complete without visiting the local places that serve fantastic food.

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Map showing Philadelphia

Location

Philadelphia is in the southeastern region of the Commonwealth of Pennsylvania. The city sits at the confluence of the Delaware and Schuylkill rivers, with 142 square miles, of which 6% is water. The 40th parallel north passes through the city's neighborhoods in the northeast, north, and west of the metropolitan area, including Fairmount Park. The lowest point in the city is the sea level, making it a port, while the highest point is in Chestnut Hill, approximately 446 feet above sea level. The area also sits on the Fall Line, separating the Atlantic coastal plain from Piedmont. The Schuylkill River bounds the Center City to the west, South Street to the south, and the Delaware River to the east. Therefore, Center City occupied the city boundaries before becoming coterminous with Philadelphia County in 1854.

Philadelphia demographics

Philadelphia is home to about 1.6 million residents, and it is a densely populated metropolis. The metropolis is also the second most populous city on the East Coast after New York City. For instance, the city has approximately 12,000 individuals per square mile, and 56,232 veterans live there. About 14% of the residents are foreign-born, and visitors can fit there easily.
Since the 1990s, Philadelphia has become ethnic and racially diverse, with 34% of the residents being white (non-Hispanic), 41% African Americans, and 15% Hispanics. Other ethnic communities in the city include Asians and people of Two or More Races.
The city has over 613,125 households, and the median household income is $49,127. Approximately half of the residents live in owner-occupied housing units with a median value of $171,600.

Arts in Philadelphia

Mural in Spanish Harlem in New York City

Philadelphia is home to incredible art and culture that have shaped the region for more than a hundred years. The Philadelphia Museum of Art is one of the most significant art museums in the United States, making Philadelphia an epicenter for culture and arts. The museum is located in Fairmount Park, where residents and visitors can experience a blend of art and culture.
The museum has incredible art collections from across the world and throughout history. For instance, the museum has Renaissance art that takes people back in time. There is a collection of art from East and South Asia and the United States. Contemporary pieces and impressionists make the museum a perfect location for learning history.
Philadelphia hosts many festivals and outdoor concerts that will keep you entertained throughout the day. Bartram's Garden hosts the Spring Fest, while the Philadelphia Zoo welcomes you to the festival of colors. Outdoor concerts, celebrations, and performances bring people together. Sports lovers can also enjoy professional, elite amateur, and semi-professional games. Some of the sports in the city include basketball, baseball, ice hockey, and American football.
Philadelphia will keep you busy during the day, but it also has incredible nightlife to ensure you remain entertained throughout the night. Legendary bars, late-night dining spots, and lively clubs are some sources of entertainment in the city: experience live performances, parties, comedy clubs, and excellent spots for performing arts. Entertainment opportunities are endless. What other better place to invest in real estate?

Mural in Spanish Harlem in New York City

Schools in Philadelphia

Private and public schools provide education to Philadelphia students. The School District of Philadelphia (SDP) runs the public schools in the region, and it is the 8th largest school district in the United States. SDP has over 142,000 students studying in 218 traditional public schools and 86 charter schools. There has been a significant increase in enrollment in charter schools in the city. Private schools have also dominated the education sector in Philadelphia. For instance, there are 56 private high schools serving over 17,000 students. Some are affiliated with religious institutions, while others are not. Some of the best private high schools include Springside Chestnut Hill Academy and The Crefeld School. Philadelphia is home to many colleges and universities, and it has become a significant education hub and study destination for many Americans. The city has the third-largest student concentration on the East Coast, with about 120,000 students in more than 80 institutions of higher learning. The University of Pennsylvania is located in Philadelphia. It is one of the founding members of the Association of American Universities. The university is an Ivy League institution, and it claims to be the first university in the country. Temple University has the largest number of students. There are five schools of medicine in the area, making Philadelphia an excellent place for studying.

Why Philadelphia?

Philadelphia is the economic and cultural hub of the greater Delaware Valley, which has more than seven million people. Investing in Philadelphia will be one of the best financial decisions you will make, and you will not come to regret it in the future. The city's strategic location and historical significance make it prime for real estate investment. You will have quick and easy access to big cities like Washington D.C. and New York. Since the beginning of the 21st century, Philadelphia has become a popular place to live, and the reasonable standard of living is attracting many Americans. You don't have to wait anymore. Philadelphia, PA real estate is the real deal.

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Licensed brokerage services provided by:

 

USRealty.com, LLP

USRealty Brokerage Solutions, LLP

USRealty.com Brokerage Solutions LLC (dba USRealty.com)

Abode Technologies, Inc. (dba USRealty.com)

 

Phone: (866) 534-3726

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Main office: 1500 Conrad Weiser Parkway Womelsdorf, PA 19567

California office: 2377 Gold Meadow Way, #135, Gold River, CA 95670

Michigan office: 139 W Baraga Avenue, Marquette, MI 49855

Nevada office: 9890 South Maryland Pkwy, Suite #200-A, Las Vegas, NV 89183

New Jersey office: 991 Hwy 22, Ste. 200, Bridgewater, NJ 08807

Ohio office: 5533 Southwyck Boulevard, Suite 101, Toledo, OH 43614

Washington office: 15 N. Naches Ave, Office #14, Yakima, WA 98901

 

Disclosures:

 

Texas Real Estate Commission Information About Brokerage Services

Texas Real Estate Commission Consumer Protection Notice

New York State Fair Housing Regulations Notice

New York State required Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H

 

Information About Brokerage Services

 

By law commissions are negotiable and are not fixed by any state or federal law. Prices are subject to change without notice until orders are placed. Licenses: AL: 000101378, AR: PB00077285, AZ: PA625585000 (USRealty Brokerage Solutions, LLP), CA: 01527504 (Abode Technologies, Inc. dba USREALTY.com), CO: EC.100057478, CT: REB.0792629 dba USREALTY.com, DC: REO98368078, DE: RB-0020070 (USRealty Brokerage Solutions, LLP), FL: PR276107, GA: 59309, IL: 481.011765 (Derek Morgan, Broker: 471.012933), IN: RC51500105, KS: CO00002276, LA: 0912122514 (Loria Hamilton-Field, Broker: 0995690736), MA: 8079, MD: 6339, MI: 6502423008, MO: 2008005393, NC: C20101, NE: 20191146, NJ: 1971103, NM: 19525, NV: 1001436, NY: 10491207568, OH: REC.2015001793, OK: 152818, PA: RB066571, RI: REB.0018596, SC: 96085, TN: 261306, TX: 9000929 (Penelope Willhite, Broker: 237866), VA: 0225243285, WA: 9889 (USRealty Brokerage Solutions, LLP), WV: 004704-00 (David Sweeney, Broker: WVB190300552)

 

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