Philadelphia, Pennsylvania is one of the oldest cities in the United States. It was established in 1682 and saw numerous historical events during the American Revolution, even serving as the nation’s capital for a brief period. This rich history gives the modern metropolis of Philadelphia a unique mixture of vintage flair and modern excitement. Brick buildings and beautiful museums exist alongside hip street art and craft breweries.
As the city goes through a technological renaissance, it has become a popular hub for large corporations and independent business owners to settle. Millennials and college grads love the contagious nightlife of this city of over 5,000,000 people, and families enjoy the peaceful nature of its excellent suburbs.
Why Philadelphia Is One of the Best Places To Buy Your First Home
One of the main reasons for Philly’s growing popularity with entrepreneurs, families and single professionals is the affordable housing. Despite the city’s huge metropolitan population, associated amenities and attractive economy, its housing costs are on par with the U.S. average. In many desirable neighborhoods, the median home price is between $185,000–$290,000. Compared to similarly sized U.S. cities, Philadelphia’s real estate prices are downright incredible.
When looking for your ideal home, two main factors come into play in Philadelphia: the lifestyle that appeals to you and the home itself. Philadelphia, Pennsylvania has over 140 neighborhoods, each with its own vibe. Some are rich in historical architecture, such as Fairmount and Old City. Others are havens for foodies and art enthusiasts, featuring renovated industrial apartments and townhouses with nearby coffee shops, bakeries, stores and restaurants within walking distance.
Families often like to head a short distance out of the city center to a quieter suburb. Popular suburbs include Narberth, Haddonfield and Collegeville. Education and safety are top features of these laid-back communities, in addition to green spaces where parents can relax freely with their kids.
Other Highlights of Philadelphia
- Great options for business travel to major U.S. and international cities
- Excellent walkability
- Impressive art, music, and museums
- Award-winning chefs and food
- High-quality education
- Historical gems such as the Liberty Bel,