Breakdown of philadelphia neighborhoods
Hispanic or Latino Of Any Race. American Indian and Alaska Native. Native Hawaiian and Other Pacific Islanders. Languages These are tabulated as the languages people preferentially speak when they are at home with their families. Foreign Born Percentage Foreign Born residents have immigrated to the United States from another country and may or may not be naturalized citizens.
Ancestry Top 20 Irish. Eastern European. Languages Spoken Top 20 English. Slavic languages. African languages. French Creole. Other Asian languages. Other Indo-European. Michael Lyons and how could i forget Point Breeze.
Michael Lyons thanks for the insight but I respectfully have a couple holes to poke. So I broke these up specifically based on numbers and property values, trying to avoid anecdotal bias.
Point Breeze has numbers to back up the hype, big reason is that it has exploded by Ori Feinbush from OCF who can be credited with blowing that neighborhood up, as he is doing with Grays Ferry, specifically evident of the properties closer to 25th street and even more so as you get to close to Washington where you see similar values and new builds as you do in Whitman and Pennsport just the southern part really a few blocks north of Whitman, you're on point that the rest of Pennsport is better.
Below is a the screen shot of the area of Grays Ferry vs Whitman that I was grouping together in my post. Don't be fooled by the seemingly higher bars in Whitman, the normal line in Grays Ferry is actually closer to or above k for the same metrics while Whitman does not break that threshold:.
Keep in mind, Grays Ferry is significantly larger than Whitman. South grays ferry, sure, definitely not the same but the ones that are right across the street from GradHo especially considering OCF's new massive development that is replacing the chocolate factory definitely have higher values. As a true south philly guy the neighborhood identities are different and bias may be at play but if you start looking into comps you would be surprised. I like targeting outside of where I would live for SF and small MF units because of the lower entry price, usually higher cash flow since your rental income is higher relative to your debt service, and your appreciation potential is high if you can read the writing on the wall.
Lastly, I didn't break up LOMO because like most posts I make, it was getting too long as it was and the boarders on the other side are more stark in property values than that of those within LOMO. If you signed up for BiggerPockets via Facebook, you can log in with just one click!
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All All. Menu Menu. Recommended Vendors. Chestnut Hill is one of the safest neighborhoods in Philadelphia with a crime rate that is well below the national average. Literacy is high in Chestnut Hill as over 94 percent of residents having finished high school.
City Center West is located west of downtown Philadelphia. The Schuylkill River runs through the eastern part of this city. The only public transportation provided is the tram. However, there are numerous tram stations within the neighborhood. Crime is low in City Center West and the crime rate is below the national median. Northern Liberties saw an incredible 62 percent increase in population during the period in question, while the populations of Chinatown and Market East grew by 40 percent.
South Philadelphia neighborhoods still have a much bigger population, however, because of the density of their rowhomes and the size of the zip codes , under which they fall, though Brewerytown isn't far behind. Gilchrist said the urban core will see continue to see rapid growth in the coming year. Over the past five years, 7, multifamily units were added to the CBD.
Another 3, units are expected to deliver in alone. There's an idea that more millennials are moving to the suburbs. My feeling is no, but we'll see what happens in the future.
Michael Tanenbaum PhillyVoice Staff.
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