Real NEastate: Where is the best neighborhood for me to move?

Q: I have been renting for a couple months in Northeast Philadelphia and now I want to buy a home here, but I’m from Baltimore and I need to know the area as much as I can before I actually settle down here. I’m thinking I probably don’t want to spend more than $100,000 for a home. What neighborhood do you think I should start in? 

A: Since your target price is under $100,000, you’ll need to get to know the neighborhoods in your price range.

Start checking out the lower Northeast’s 19135, 19136, or 19149 zip codes in Mayfair, Tacony, Holmesburg, Wissinoming and Castor Gardens. While there are deals to be had all over Northeast Philadelphia, these neighborhoods fall in the price category you’re looking.

In 19135, the average listing price is around $116,000 and the average sold price is close to $95,000. The median age is 35 and the average household income is more than $40,000. Seventy-two percent of the 30,132 people that live there own their homes.

In 19136, the average listing price is around $132,000 and the average sold price is close to $120,000. The median age is also 35 and the average household income is more than $41,000. Sixty-six percent of the 40,588 people that live there own their homes.

In 19149, the average listing price is around $124,000 and the average sold price is close to $106,000. The median age is also 35 and the average household income is more than $42,000. Seventy-six percent of the 48,051 people that live there own their homes.

Stacey McCarthy is a real estate agent with the McCarthy Group of Keller Williams. Her Real NEastate column appears every Wednesday on NEastPhilly.com. See others hereRead other NEast Philly columns here.

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