Philadelphia Investment Analysis

Investment Properties in Philadelphia, PA

Discover Investment Performance Rent Prices Top Properties Top Neighborhoods Attractions Insights

Discover

Philadelphia

Everything in the Philadelphia real estate market is growing - demand for properties, sales, and home prices. As for demand, millennials are one of the biggest forces driving the demand for homes in urban areas. Sales of million-dollar homes reached an all-time high in late 2016, in addition to an increase in single-family home sales. Finally, the home price index, which estimates changes in mortgage defaults, prepayments, and home affordability, increased by 10%. While it’s currently a seller’s market in Philadelphia, investors should keep in mind that the median property price is below $350,000, which is relatively affordable given that Philadelphia is the fifth most populous city in the U.S.

Philadelphia is a center for higher education and home to the University of Pennsylvania, an Ivy League university. The economy is also focused on oil refining, manufacturing, and tourism. Airbnb investment properties in Philadelphia show promising projections and is a lucrative rental strategy. Fortunately, short-term rentals in Philadelphia are legal but there are some restrictions to keep in mind.

Philadelphia Investment Performance

PROPERTY SALE PRICE

$ 296,827

Median

1,416

Avg/Sq.ft.

CASH ON CASH RETURN

3.53%

Traditional

1.94%

Airbnb

RENTAL INCOME

$ 1,368

Traditional

$ 954

Airbnb

RENTAL INCOME

$ 1,368

Traditional

$ 954

Airbnb

NUMBER OF PROPERTIES

1,692

Investment

923

Airbnb

30,637

Traditional

45%

Airbnb occ. rate

Philadelphia Rent Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,030	$ 1,319	$ 1,635	$ 1,866
Traditional	$ 885	$ 1,120	$ 1,369	$ 1,616

Airbnb

1 ROOM	$ 1,030
2 ROOMS	$ 1,319
3 ROOMS	$ 1,635
4 ROOMS	$ 1,866

Traditional

1 ROOM	$ 885
2 ROOMS	$ 1,120
3 ROOMS	$ 1,369
4 ROOMS	$ 1,616

Top Philadelphia Active Investment Properties

$80,000

5314 RACE STREET

Dunlap

4 beds

1 baths

1,422 sq.ft.

CASH ON CASH

Trad. 17.02%

Airbnb 32.90%

CAP RATE

Trad. 23.76%

Airbnb 40.65%

$100,000

5119 ASPEN STREET

Dunlap

4 beds

1 baths

1,532 sq.ft.

CASH ON CASH

Trad. 13.23%

Airbnb 25.93%

CAP RATE

Trad. 19.01%

Airbnb 32.52%

$84,900

2967 WEIKEL STREET

East Kensington

3 beds

1 baths

1,134 sq.ft.

CASH ON CASH

Trad. 13.85%

Airbnb 21.79%

CAP RATE

Trad. 20.17%

Airbnb 28.63%

$89,900

2721 HELEN STREET

East Kensington

3 beds

1 baths

980 sq.ft.

CASH ON CASH

Trad. 12.97%

Airbnb 20.48%

CAP RATE

Trad. 19.05%

Airbnb 27.04%

Top Philadelphia Neighborhoods

Logan Square

63% Mashmeter

CASH ON CASH RETURN

4.06%

Traditional

5.46%

Airbnb

PROPERTY PRICE

$400,000

Median

RENTAL INCOME

$ 1,892

Traditional

$ 2,677

Airbnb

57%

Airbnb occ. rate

Old City

46% Mashmeter

CASH ON CASH RETURN

2.21%

Traditional

4.81%

Airbnb

PROPERTY PRICE

$357,450

Median

RENTAL INCOME

$ 2,859

Traditional

$ 3,437

Airbnb

55%

Airbnb occ. rate

Germany Hill

72% Mashmeter

CASH ON CASH RETURN

2.68%

Traditional

2.02%

Airbnb

PROPERTY PRICE

$375,000

Median

RENTAL INCOME

$ 1,364

Traditional

$ 1,405

Airbnb

55%

Airbnb occ. rate

Powelton

63% Mashmeter

CASH ON CASH RETURN

4.17%

Traditional

9.67%

Airbnb

PROPERTY PRICE

$270,000

Median

RENTAL INCOME

$ 1,508

Traditional

$ 2,181

Airbnb

53%

Airbnb occ. rate

Southwest Schuylkill

68% Mashmeter

CASH ON CASH RETURN

5.55%

Traditional

10.79%

Airbnb

PROPERTY PRICE

$135,000

Median

RENTAL INCOME

$ 1,238

Traditional

$ 1,998

Airbnb

52%

Airbnb occ. rate

Philadelphia Insights

News

Office building in Conshohocken sells - Philadelphia Business Journal

Resource Real Estate Diversified Income Fund (RREDX) Announces Quarterly Distribution and New L Share Class - Business Wire (press release)

Prosecutors: Execs of sham Philadelphia-based investment firm stole $1.5M - Philadelphia Business Journal

MetLife To Acquire Logan Circle Partners - Insurance News Net

Partnership seeks to buy upwards of $1B of apartment properties - Philadelphia Business Journal

Dividend and Income Fund, Inc. Announces Final Results of Tender Offer - Business Wire (press release)

As AKA readies 2nd LA hotel, Richard Gere is helping Phila. firm expand globally - Philadelphia Business Journal

Publicly-traded Main Line investment manager agrees to buy Oregon firm - Philadelphia Business Journal

Gladstone Commercial Corporation Announces $15.45 Million Office Property Acquisition in Philadelphia, PA - Nasdaq

Secure and safe. Online loans fast approval. quick approval loans - ODU Mace & Crown

View more news

Blogs

by Daniela Andreevska

Why It’s a Good Time for Indianapolis Real Estate Investments

by Daniela Andreevska

Should a Minneapolis Investment Property Be Your Next Purchase?

by Daniela Andreevska

Is Now the Time to Buy a Jersey City Investment Property?

by Daniela Andreevska

Why You Should Be Investing in Philadelphia Real Estate

by Peter Abualzolof

Airbnb Reviews: Top Influencers Affecting Your Occupancy Rate

View more news

Guides and Tips

by Diala Taneeb

The Ultimate Guide to the Airbnb Investment Property

by Peter Abualzolof

Four Things to Consider Before Purchasing an Airbnb Investment Property

by Peter Abualzolof

Top 5 Alternative Ways to Find an Investment Property

by Peter Abualzolof

The Use of Predictive Analytics in Real Estate Investing

by Diala Taneeb

Real Estate Investing: Traditional vs. Airbnb Investments

View more news

Similar Cities

Easton, PA

PROPERTY PRICE

N/A

Median

CASH ON CASH RETURN

N/A

Traditional

N/A

Airbnb

Philadelphia, PA

PROPERTY PRICE

`$`325,378

Median

CASH ON CASH RETURN

3.26%

Traditional

5.07%

Airbnb

Nazareth, PA

PROPERTY PRICE

N/A

Median

CASH ON CASH RETURN

N/A

Traditional

N/A

Airbnb

Your search for rental properties begins and end here