Location is a major factor to consider when purchasing a home. Whether you’re looking to buy your first home or just looking for a good investment, Philadelphia is an appealing area for any potential home buyers. The city offers a unique mix of both modern and historic atmospheres, which will satisfy any home buyer.
While housing in Philadelphia tends to be expensive in popular neighborhoods, up-and-coming neighborhoods are creating alternatives to costly Center City homes. Below are a few up-and-coming neighborhoods taking off in the City of Brotherly love.
Point Breeze and Newbold
One particular Philadelphia neighborhood increasing in popularity is Point Breeze. Redfin and Zillow recently included Point Breeze in their 2017 lists of Philly’s hottest real estate markets. It is a cheap place for first-time homebuyers looking to live in a cool and edgy neighborhood, while still remaining close to Center City. Point Breeze extends from Broad to 25th and from Washington to Mifflin.
The Newbold section of Point Breeze is also a desirable low-cost neighborhood. It stretches from Broad to 18th. These two neighborhoods are only blocks away from bars and restaurants in Center City.
Fishtown is a younger neighborhood, northeast of Center City. Its name originates from previous commercial shad fishing industries in the area. Over the past few years, Fishtown has built many restaurants, bars, and music venues along Frankford Avenue. Artists and performers are flocking to Fishtown as an escape from hectic Center City.
With narrow streets and row homes, Fishtown still radiates a city atmosphere. Neighborhood residents vary from older, lifelong residents to young millennials. While it is becoming one of the trendy parts of Philadelphia, Center City is just a short drive or train ride from Fishtown for those who still want to be close to the hustle and bustle that Center City brings. This neighborhood is a great area for recent college graduates or those looking to relocate to the city.
Next to Manayunk in the northwest area of Philadelphia, Roxborough is becoming a popular neighborhood. Roxborough is perfect for those who want a more suburban living style while staying close to the city. It’s a quieter, greener area, that is still located close to Center City. Roxborough is also a quick drive to King of Prussia and Conshohocken. Roxborough has many available row homes and single-family homes, making it perfect for raising a family or living in a city atmosphere without any city noise. Additionally, as an added perk to an already great living situation, Roxborough is home to one of the most popular cheesesteak places in Philadelphia, Dalessandro’s Steaks and Hoagies!
Brewerytown is located east of Fairmount Park. The neighborhoods name was inspired by the area’s over 20 breweries. Brewerytown is also great for any history buff. Its historic district includes 380 historic buildings. Many of the older buildings have been converted to condos and are popular for home buyers of all ages. Homes are priced perfectly for median-income home buyers.
With easy access to center city, Brewerytown offers many popular bars, restaurants, and coffee shops. This new up-and-coming Philadelphia area is perfect for those with love of history, beer, and ideal access to Center City.
Also known as LoMo, Lower Moyamensing is a popular area due to the walking distance to the subway. It is an ideal area for first-time home buyers looking for value and growth in their property. LoMo is located between Snyder to Ritner and 5th to 10th. Although homes are not updated, repairs require under $200k to complete. If you are looking for fixer-upper homes, Lower Moyamensing homes provide many opportunities to add your own flare to your new home.