Philadelphia, TN is a great place to consider when it comes to investing in real estate. The median value of housing in Philadelphia is $215,200, which is less than the US median house value of $338,100. In addition, the one-year appreciation for housing in Philadelphia is 21.68%, which is significantly higher than the national average of 8.27%. This makes Philadelphia a desirable location for those looking for a good return on their investment. With rising property values and a relatively low median value, now could be the perfect time to invest in real estate in Philadelphia.
The median home cost in Philadelphia is $215,200. Home appreciation the last 10 years has been 114.6%. Home Appreciation in Philadelphia is up 27.0%.
Average Age of Homes
- The median age of Philadelphia real estate is 51 years old
The Rental Market in Philadelphia
- Renters make up 25.1% of the Philadelphia population
- 0.0% of houses and apartments in Philadelphia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.