Philadelphia Stats

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Category: Housing

Why Owning a Home is More Common in Philadelphia

Fewer and fewer Americans have been buying homes over the last decade. Today, just 63.0% of Americans own their homes, the smallest share since 1965. In the Philadelphia-Camden-Wilmington metro area, 67.2% of residents own their homes, higher than the national homeownership rate and the third lowest of any metro area in Pennsylvania. Young Americans are […]

Why Quality of Life is Better in Pennsylvania

Americans often evaluate their home states according to such subjective conditions as climate preference, the presence of friends and family, and personal history. In addition to these subjective measures, more objective socioeconomic factors also contribute to life satisfaction. It is such quantitative measures that can help assess the broader quality of life in a given […]

Philadelphia is One of America’s Most Crowded Cities

There are 7,773 people per square mile in the Philadelphia-Camden-Wilmington metro area, higher than the national population density of 6,321 Americans per square mile across all U.S. metro areas. Philadelphia also has the highest population density of any Pennsylvania metro area. Population density can have a meaningful impact on home prices in an area. There […]

Why Philadelphia is One of the Most Expensive Housing Markets

A typical home in the Philadelphia-Camden-Wilmington, Pennsylvania metro area costs $240,900, well above than the national median home value of $194,500. The typical home in Philadelphia is also more expensive than in Pennsylvania as a whole, which has a median home value of $170,600. Philadelphia’s median home value is also the highest of any metro […]

Philadelphia is the 27th Best City for Single Mothers

Raising children on a single income is no easy feat, and single mothers in the United States struggle more than almost any other group of Americans. Still, some cities are easier for single mothers trying to make ends meet — and some cities are far worse. The costs of housing, food, childcare, and education give […]

Philadelphia is the 3rd Best City to Flip a Home

The U.S. housing market has been in steady recovery since the housing crisis, and increasing numbers of investors are trying their hand at home flipping: the purchase, renovation, and subsequent sale of a property in a relatively short period of time. While home flipping is costly and notoriously risky, a number of housing markets are […]

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