Does the Philadelphia market have more room to grow?

[Justin Makkay]

I'm familiar with the number of neighborhoods around center city Philadelphia (Graduate Hospital, Point Breeze, Fishtown, Rittenhouse, etc.) but haven't lived in the city for ~2 years now. Is this still a good market to get into? What neighborhoods still have 'great deal' potential? Thank you!

[Ryan D.]

Really depends on your intended use, time horizon, and price range. If you're looking for rentals that meet the 1% rule? Good luck. You're anywhere from 3-15 years too late for most of those areas if we're talking true borders for those neighborhoods. If you're looking for flips? Sure, there are still good deals available in some of those areas. If you're like most and looking for cash flow plus some appreciation, I'd point you towards neighborhoods next to Fishtown - Kensington & Norris Square and next to Point Breeze - Newbold, West Passyunk & Grays Ferry.