Ultimate Philadelphia County Real Estate Investing Guide for 2024
Overview
Philadelphia County Real Estate Investing Market Overview
Over the most recent decade, the population growth rate in Philadelphia County has an annual average of . By contrast, the average rate at the same time was for the total state, and nationally.
Philadelphia County has witnessed a total population growth rate during that time of , when the state’s total growth rate was , and the national growth rate over 10 years was .
Currently, the median home value in Philadelphia County is . To compare, the median market value in the country is , and the median value for the total state is .
The appreciation tempo for houses in Philadelphia County through the past 10 years was annually. The average home value appreciation rate during that span across the whole state was per year. Nationally, the annual appreciation pace for homes was at .
For tenants in Philadelphia County, median gross rents are , in comparison to at the state level, and for the country as a whole.
Philadelphia County Real Estate Investing Highlights
Philadelphia County Top Highlights
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#top_highlights_3
Strategies
Strategy Selection
When you are reviewing a specific market for viable real estate investment projects, don’t forget the type of real property investment plan that you follow.
We are going to share guidelines on how to look at market statistics and demography statistics that will impact your unique type of real property investment. This will help you to choose and estimate the community statistics found on this web page that your strategy requires.
Certain market data will be important for all sorts of real property investment. Public safety, major highway access, local airport, etc. When you push further into a community’s information, you have to examine the area indicators that are critical to your investment requirements.
If you favor short-term vacation rentals, you’ll focus on locations with robust tourism. House flippers will look for the Days On Market information for houses for sale. If there is a 6-month stockpile of houses in your value category, you may need to hunt in a different place.
Rental property investors will look cautiously at the community’s employment statistics. The unemployment data, new jobs creation pace, and diversity of employers will illustrate if they can expect a stable source of tenants in the area.
If you can’t make up your mind on an investment strategy to utilize, think about employing the insight of the best coaches for real estate investing in Philadelphia County PA. Another interesting thought is to take part in one of Philadelphia County top property investment groups and attend Philadelphia County property investment workshops and meetups to learn from different professionals.
The following are the distinct real property investment plans and the way they investigate a possible investment community.
Active Real Estate Investment Strategies
Buy and Hold
When a real estate investor buys an investment property and holds it for a long time, it’s thought of as a Buy and Hold investment. Their income analysis involves renting that property while it’s held to improve their income.
At any point in the future, the asset can be unloaded if cash is required for other purchases, or if the resale market is really robust.
A realtor who is one of the best Philadelphia County investor-friendly real estate agents can offer a comprehensive examination of the area where you want to invest. Our suggestions will list the components that you should include in your business plan.
Factors to Consider
Property Appreciation Rate
This is a crucial yardstick of how stable and flourishing a property market is. You want to spot a solid annual growth in investment property values. Long-term property growth in value is the underpinning of the entire investment program. Markets that don’t have increasing home values will not meet a long-term real estate investment profile.
Population Growth
If a market’s populace isn’t increasing, it evidently has a lower need for residential housing. Unsteady population growth leads to declining real property prices and rental rates. With fewer residents, tax incomes deteriorate, affecting the quality of public safety, schools, and infrastructure. You need to exclude these places. Hunt for locations that have reliable population growth. Expanding markets are where you can find increasing real property market values and substantial lease prices.
Property Taxes
This is a cost that you will not eliminate. You must avoid places with exhorbitant tax rates. These rates seldom go down. High real property taxes reveal a weakening economy that won’t keep its current citizens or appeal to new ones.
It happens, however, that a certain real property is wrongly overrated by the county tax assessors. If this situation happens, a business from our directory of Philadelphia County real estate tax consultants will present the case to the county for review and a conceivable tax valuation markdown. Nevertheless, in extraordinary circumstances that obligate you to go to court, you will require the help provided by top property tax lawyers in Philadelphia County PA.
Price to rent ratio
Price to rent ratio (p/r) is determined by dividing the median property price by the annual median gross rent. A town with low rental prices has a higher p/r. You need a low p/r and higher lease rates that will pay off your property faster. Watch out for a really low p/r, which might make it more expensive to lease a property than to acquire one. You could give up renters to the home buying market that will increase the number of your unoccupied properties. But generally, a lower p/r is preferred over a higher one.
Median Gross Rent
Median gross rent is a valid barometer of the reliability of a city’s rental market. The community’s verifiable information should demonstrate a median gross rent that reliably grows.
Median Population Age
Median population age is a picture of the extent of a community’s workforce that resembles the magnitude of its lease market. If the median age reflects the age of the area’s labor pool, you should have a reliable source of tenants. An older populace can be a strain on community resources. An aging population could create growth in property taxes.
Employment Industry Diversity
Buy and Hold investors don’t like to find the location’s jobs concentrated in only a few companies. Variety in the total number and types of industries is best. This prevents a slowdown or stoppage in business for a single business category from hurting other business categories in the market. If your tenants are dispersed out throughout multiple companies, you diminish your vacancy risk.
Unemployment Rate
A steep unemployment rate suggests that not many residents have enough resources to lease or buy your investment property. Lease vacancies will increase, foreclosures can go up, and revenue and asset growth can both deteriorate. High unemployment has an increasing effect on a market causing decreasing transactions for other companies and declining incomes for many jobholders. A location with severe unemployment rates gets unstable tax receipts, fewer people moving there, and a challenging financial future.
Income Levels
Income levels will let you see an accurate picture of the area’s capacity to bolster your investment program. You can utilize median household and per capita income information to investigate particular portions of a community as well. Increase in income means that tenants can pay rent promptly and not be intimidated by incremental rent increases.
Number of New Jobs Created
Understanding how frequently new jobs are generated in the location can strengthen your assessment of the location. A strong supply of tenants requires a robust job market. New jobs create a stream of tenants to replace departing tenants and to rent additional lease investment properties. A financial market that produces new jobs will draw additional workers to the community who will lease and purchase residential properties. Increased need for laborers makes your real property value appreciate by the time you decide to liquidate it.
School Ratings
School ratings should also be seriously considered. Relocating employers look closely at the quality of schools. Good schools can change a family’s decision to remain and can attract others from the outside. An unpredictable supply of renters and home purchasers will make it difficult for you to achieve your investment targets.
Natural Disasters
With the main target of reselling your investment after its appreciation, its material status is of primary priority. That’s why you’ll want to shun areas that regularly face natural disasters. In any event, the real estate will have to have an insurance policy written on it that includes disasters that may occur, such as earth tremors.
To prevent real estate costs caused by renters, hunt for help in the directory of the best Philadelphia County landlord insurance providers.
Long Term Rental (BRRRR)
A long-term rental method that includes Buying a rental, Refurbishing, Renting, Refinancing it, and Repeating the procedure by employing the capital from the mortgage refinance is called BRRRR. When you want to expand your investments, the BRRRR is an excellent method to follow. A critical piece of this formula is to be able to do a “cash-out” mortgage refinance.
You add to the worth of the investment property beyond what you spent acquiring and rehabbing the asset. Then you get a cash-out refinance loan that is calculated on the superior value, and you extract the difference. You buy your next house with the cash-out capital and start all over again. This strategy enables you to steadily grow your assets and your investment revenue.
Once you’ve built a substantial collection of income creating assets, you may prefer to hire others to manage your operations while you receive repeating income. Locate one of the best property management firms in Philadelphia County PA with the help of our comprehensive list.
Factors to Consider
Population Growth
Population increase or contraction tells you if you can count on sufficient results from long-term investments. If you find robust population increase, you can be sure that the region is pulling likely tenants to it. Moving employers are attracted to rising locations providing job security to people who relocate there. Growing populations maintain a reliable tenant reserve that can handle rent bumps and homebuyers who assist in keeping your property prices high.
Property Taxes
Real estate taxes, regular upkeep expenses, and insurance directly decrease your profitability. Investment assets located in steep property tax areas will bring weaker profits. High property tax rates may signal an unstable community where expenses can continue to increase and should be thought of as a red flag.
Price to Rent Ratio
The price to rent ratio (p/r) is an illustration of what amount of rent can be charged in comparison to the market worth of the asset. An investor can not pay a steep amount for an investment property if they can only demand a low rent not enabling them to repay the investment within a realistic timeframe. You need to find a low p/r to be comfortable that you can set your rental rates high enough to reach good returns.
Median Gross Rents
Median gross rents are a critical sign of the strength of a rental market. Hunt for a repeating rise in median rents during a few years. If rental rates are going down, you can drop that area from consideration.
Median Population Age
Median population age should be nearly the age of a typical worker if a community has a good source of renters. This may also show that people are relocating into the community. If working-age people are not venturing into the community to follow retirees, the median age will go higher. That is a poor long-term financial prospect.
Employment Base Diversity
A larger supply of employers in the region will expand your prospects for strong profits. When there are only a couple major employers, and one of such moves or closes shop, it can lead you to lose paying customers and your property market rates to plunge.
Unemployment Rate
High unemployment leads to smaller amount of tenants and an unpredictable housing market. Jobless residents are no longer customers of yours and of other companies, which produces a domino effect throughout the region. This can generate a high amount of layoffs or reduced work hours in the market. Even renters who are employed will find it challenging to stay current with their rent.
Income Rates
Median household and per capita income data is a helpful instrument to help you pinpoint the cities where the tenants you are looking for are residing. Your investment research will use rent and asset appreciation, which will be based on wage augmentation in the community.
Number of New Jobs Created
The reliable economy that you are on the lookout for will generate plenty of jobs on a consistent basis. The employees who are hired for the new jobs will need a residence. This enables you to buy more lease properties and backfill existing vacant units.
School Ratings
School rankings in the city will have a huge effect on the local residential market. When a business considers a region for potential expansion, they keep in mind that first-class education is a requirement for their workers. Dependable tenants are a by-product of a vibrant job market. New arrivals who are looking for a home keep housing market worth high. You can’t discover a dynamically soaring residential real estate market without reputable schools.
Property Appreciation Rates
Real estate appreciation rates are an indispensable portion of your long-term investment approach. You need to know that the odds of your property increasing in market worth in that area are likely. Low or shrinking property appreciation rates will exclude a city from your choices.
Short Term Rentals
Residential units where tenants live in furnished spaces for less than thirty days are known as short-term rentals. The nightly rental rates are always higher in short-term rentals than in long-term units. Short-term rental houses might necessitate more continual repairs and tidying.
Short-term rentals are used by clients travelling for work who are in the area for a couple of nights, people who are moving and want transient housing, and tourists. House sharing websites such as AirBnB and VRBO have enabled numerous residential property owners to engage in the short-term rental business. A simple technique to enter real estate investing is to rent a residential property you currently possess for short terms.
Destination rental unit owners necessitate working one-on-one with the occupants to a larger degree than the owners of longer term rented units. This results in the owner having to constantly handle grievances. Consider handling your exposure with the support of one of the top real estate attorneys in Philadelphia County PA.
Factors to Consider
Short-Term Rental Income
You have to determine how much revenue has to be created to make your effort financially rewarding. A location’s short-term rental income rates will promptly reveal to you if you can predict to accomplish your estimated rental income range.
Median Property Prices
Thoroughly calculate the budget that you want to spend on new real estate. The median price of real estate will show you whether you can manage to invest in that area. You can adjust your community search by analyzing the median market worth in specific neighborhoods.
Price Per Square Foot
Price per square foot provides a general idea of market values when looking at comparable real estate. When the styles of available homes are very different, the price per sq ft may not show a precise comparison. It can be a quick method to analyze different sub-markets or buildings.
Short-Term Rental Occupancy Rate
The demand for more rental units in a market may be determined by going over the short-term rental occupancy level. When nearly all of the rentals have renters, that area necessitates more rentals. Weak occupancy rates mean that there are more than enough short-term rental properties in that area.
Short-Term Rental Cash-on-Cash Return
Cash-on-cash return is a way to determine the value of an investment venture. Divide the Net Operating Income (NOI) by the amount of cash invested. The answer you get is a percentage. The higher it is, the sooner your investment will be recouped and you’ll begin gaining profits. If you get financing for part of the investment and spend less of your capital, you will receive a higher cash-on-cash return.
Average Short-Term Rental Capitalization (Cap) Rates
Average short-term rental capitalization (cap) rates are commonly employed by real estate investors to calculate the value of rentals. Typically, the less money a unit costs (or is worth), the higher the cap rate will be. If cap rates are low, you can prepare to spend more money for real estate in that city. Divide your projected Net Operating Income (NOI) by the investment property’s market value or listing price. The answer is the per-annum return in a percentage.
Local Attractions
Short-term rental properties are desirable in locations where tourists are attracted by activities and entertainment sites. This includes top sporting events, youth sports competitions, colleges and universities, big auditoriums and arenas, fairs, and theme parks. At particular periods, locations with outdoor activities in mountainous areas, seaside locations, or along rivers and lakes will attract lots of tourists who want short-term rental units.
Fix and Flip
To fix and flip a property, you have to buy it for lower than market worth, handle any required repairs and improvements, then dispose of the asset for full market value. Your evaluation of fix-up costs should be accurate, and you have to be capable of acquiring the home below market value.
Look into the values so that you are aware of the exact After Repair Value (ARV). You always want to analyze how long it takes for homes to close, which is shown by the Days on Market (DOM) data. As a ”rehabber”, you’ll want to sell the repaired house immediately in order to eliminate upkeep spendings that will reduce your returns.
Help determined property owners in finding your firm by featuring your services in our catalogue of Philadelphia County property cash buyers and top Philadelphia County real estate investment firms.
Also, look for top real estate bird dogs in Philadelphia County PA. Experts in our catalogue specialize in procuring distressed property investments while they’re still off the market.
Factors to Consider
Median Home Price
The area’s median housing price will help you locate a desirable community for flipping houses. Modest median home prices are a sign that there should be a steady supply of homes that can be purchased below market worth. You want lower-priced properties for a lucrative fix and flip.
When you see a fast drop in real estate market values, this might indicate that there are conceivably houses in the neighborhood that qualify for a short sale. Investors who work with short sale facilitators in Philadelphia County PA get regular notifications about possible investment properties. You’ll learn more information about short sales in our article — How to Buy a Pre-Foreclosure Short Sale Home?.
Property Appreciation Rate
Are home prices in the region on the way up, or going down? Steady surge in median prices shows a robust investment market. Volatile market value fluctuations are not good, even if it is a significant and quick increase. When you are acquiring and liquidating swiftly, an uncertain market can sabotage your investment.
Average Renovation Costs
You will want to research building expenses in any prospective investment region. The time it requires for getting permits and the municipality’s requirements for a permit request will also impact your plans. If you need to have a stamped suite of plans, you will need to include architect’s rates in your budget.
Population Growth
Population growth is a strong gauge of the potential or weakness of the region’s housing market. When there are purchasers for your renovated houses, the data will illustrate a strong population increase.
Median Population Age
The median population age is an indicator that you might not have included in your investment study. It mustn’t be less or more than the age of the typical worker. These can be the individuals who are potential home purchasers. The goals of retired people will probably not suit your investment venture plans.
Unemployment Rate
You need to have a low unemployment rate in your prospective market. An unemployment rate that is less than the nation’s average is what you are looking for. When it’s also less than the state average, it’s much more desirable. Unemployed individuals cannot buy your homes.
Income Rates
Median household and per capita income are an important gauge of the scalability of the housing conditions in the community. The majority of people who purchase a house need a mortgage loan. Homebuyers’ eligibility to be given a loan hinges on the size of their income. You can determine from the market’s median income if enough people in the market can manage to buy your properties. Specifically, income increase is vital if you prefer to grow your investment business. To stay even with inflation and rising construction and material costs, you need to be able to regularly raise your purchase rates.
Number of New Jobs Created
The number of employment positions created on a steady basis indicates whether income and population increase are sustainable. An increasing job market indicates that a larger number of people are comfortable with purchasing a home there. Experienced skilled professionals looking into purchasing a home and settling opt for relocating to cities where they won’t be out of work.
Hard Money Loan Rates
Real estate investors who sell rehabbed real estate often employ hard money funding instead of regular mortgage. This plan lets investors complete profitable ventures without hindrance. Locate real estate hard money lenders in Philadelphia County PA and estimate their rates.
In case you are unfamiliar with this loan vehicle, understand more by studying our informative blog post — How Does a Hard Money Loan Work in Real Estate?.
Wholesaling
As a real estate wholesaler, you sign a purchase contract to purchase a house that other investors might want. When an investor who wants the property is found, the purchase contract is assigned to them for a fee. The seller sells the property under contract to the investor instead of the wholesaler. The wholesaler doesn’t sell the property — they sell the contract to buy one.
This strategy involves using a title firm that is experienced in the wholesale contract assignment procedure and is able and willing to handle double close deals. Search for title services for wholesale investors in Philadelphia County PA in our directory.
Read more about the way to wholesale property from our complete guide — Wholesale Real Estate Investing 101 for Beginners. As you manage your wholesaling activities, put your firm in HouseCashin’s list of Philadelphia County top house wholesalers. This way your prospective clientele will see your offering and reach out to you.
Factors to Consider
Median Home Prices
Median home prices in the region will inform you if your required purchase price point is possible in that city. A city that has a substantial pool of the below-market-value investment properties that your investors want will show a low median home price.
A rapid drop in home worth may be followed by a considerable selection of ’upside-down’ properties that short sale investors hunt for. This investment plan frequently carries multiple different perks. However, be cognizant of the legal risks. Discover more about wholesaling short sales with our complete instructions. Once you determine to give it a try, make certain you have one of short sale lawyers in Philadelphia County PA and mortgage foreclosure lawyers in Philadelphia County PA to confer with.
Property Appreciation Rate
Median home value dynamics are also critical. Investors who need to sell their investment properties in the future, such as long-term rental landlords, require a location where residential property market values are growing. Both long- and short-term investors will stay away from an area where housing values are going down.
Population Growth
Population growth statistics are something that your future investors will be familiar with. If they find that the population is multiplying, they will presume that new housing is a necessity. This combines both leased and ‘for sale’ real estate. A city with a declining population will not draw the investors you require to buy your contracts.
Median Population Age
A vibrant housing market necessitates individuals who are initially renting, then transitioning into homebuyers, and then moving up in the housing market. This takes a vibrant, reliable workforce of people who are confident to shift up in the housing market. An area with these features will show a median population age that mirrors the wage-earning person’s age.
Income Rates
The median household and per capita income in a good real estate investment market should be growing. Income growth proves a market that can handle rental rate and housing price raises. Real estate investors need this in order to meet their projected returns.
Unemployment Rate
Real estate investors will thoroughly estimate the area’s unemployment rate. High unemployment rate forces many tenants to delay rental payments or default completely. This adversely affects long-term real estate investors who need to lease their residential property. Investors can’t count on renters moving up into their houses when unemployment rates are high. This makes it hard to locate fix and flip investors to take on your buying contracts.
Number of New Jobs Created
The frequency of jobs appearing yearly is an important element of the housing structure. Individuals settle in a market that has additional job openings and they require a place to live. Long-term investors, such as landlords, and short-term investors such as flippers, are gravitating to areas with good job production rates.
Average Renovation Costs
An important consideration for your client real estate investors, specifically fix and flippers, are renovation expenses in the location. The price, plus the costs of repairs, should amount to lower than the After Repair Value (ARV) of the property to allow for profit. Below average repair costs make a city more desirable for your top customers — flippers and other real estate investors.
Mortgage Note Investing
Mortgage note investment professionals buy debt from mortgage lenders when they can purchase the note for a lower price than the balance owed. This way, you become the mortgage lender to the original lender’s borrower.
When a mortgage loan is being paid as agreed, it’s thought of as a performing loan. Performing notes are a repeating source of passive income. Investors also buy non-performing mortgage notes that they either modify to assist the client or foreclose on to acquire the property below actual worth.
One day, you may grow a selection of mortgage note investments and not have the time to service the portfolio alone. If this occurs, you might select from the best mortgage loan servicing companies in Philadelphia County PA which will make you a passive investor.
Should you find that this strategy is best for you, insert your firm in our directory of Philadelphia County top mortgage note buyers. Joining will make your business more noticeable to lenders offering lucrative opportunities to note investors like you.
Factors to consider
Foreclosure Rates
Investors looking for stable-performing loans to acquire will hope to uncover low foreclosure rates in the market. Non-performing mortgage note investors can carefully take advantage of places with high foreclosure rates too. The locale needs to be robust enough so that mortgage note investors can foreclose and resell properties if necessary.
Foreclosure Laws
Experienced mortgage note investors are fully well-versed in their state’s regulations regarding foreclosure. They will know if the law dictates mortgages or Deeds of Trust. While using a mortgage, a court has to approve a foreclosure. Note owners don’t need the court’s agreement with a Deed of Trust.
Mortgage Interest Rates
Acquired mortgage loan notes contain a negotiated interest rate. That mortgage interest rate will undoubtedly affect your profitability. No matter which kind of note investor you are, the note’s interest rate will be important for your predictions.
Traditional interest rates may differ by as much as a 0.25% throughout the country. Private loan rates can be slightly higher than traditional mortgage rates because of the larger risk dealt with by private lenders.
Mortgage note investors ought to consistently know the current local mortgage interest rates, private and traditional, in possible mortgage note investment markets.
Demographics
When note buyers are choosing where to purchase mortgage notes, they’ll review the demographic statistics from likely markets. Note investors can interpret a great deal by estimating the size of the populace, how many citizens are employed, what they make, and how old the citizens are.
Performing note investors seek borrowers who will pay without delay, developing a repeating revenue source of mortgage payments.
The same market may also be appropriate for non-performing mortgage note investors and their end-game plan. When foreclosure is required, the foreclosed house is more easily liquidated in a strong market.
Property Values
The greater the equity that a homeowner has in their property, the better it is for their mortgage loan holder. This enhances the possibility that a possible foreclosure auction will repay the amount owed. Rising property values help increase the equity in the property as the borrower pays down the balance.
Property Taxes
Many borrowers pay property taxes through lenders in monthly portions when they make their loan payments. When the property taxes are payable, there needs to be sufficient payments in escrow to handle them. If loan payments aren’t being made, the mortgage lender will have to either pay the taxes themselves, or they become delinquent. When property taxes are past due, the government’s lien jumps over all other liens to the front of the line and is satisfied first.
If a municipality has a record of increasing property tax rates, the combined home payments in that area are steadily increasing. Borrowers who have trouble making their loan payments may fall farther behind and sooner or later default.
Real Estate Market Strength
A location with growing property values offers strong potential for any mortgage note investor. As foreclosure is a critical component of mortgage note investment strategy, appreciating property values are important to discovering a profitable investment market.
Note investors additionally have a chance to make mortgage loans directly to homebuyers in sound real estate areas. This is a profitable source of revenue for accomplished investors.
Passive Real Estate Investment Strategies
Syndications
A syndication is a group of people who pool their money and experience to invest in real estate. The venture is developed by one of the members who promotes the opportunity to others.
The individual who pulls everything together is the Sponsor, sometimes called the Syndicator. It is their task to supervise the acquisition or creation of investment real estate and their use. This person also manages the business details of the Syndication, including members’ distributions.
The remaining shareholders are passive investors. The partnership promises to give them a preferred return when the investments are showing a profit. These investors have no authority (and subsequently have no duty) for making business or investment property supervision determinations.
Factors to consider
Real Estate Market
Your choice of the real estate community to hunt for syndications will depend on the strategy you prefer the projected syndication venture to follow. To know more concerning local market-related components important for different investment strategies, review the previous sections of this guide about the active real estate investment strategies.
Sponsor/Syndicator
If you are considering being a passive investor in a Syndication, make sure you research the honesty of the Syndicator. Look for someone who has a record of profitable investments.
He or she might or might not invest their capital in the deal. But you want them to have funds in the investment. Some syndications designate the effort that the Syndicator performed to structure the deal as “sweat” equity. Some deals have the Sponsor being paid an initial fee plus ownership interest in the project.
Ownership Interest
The Syndication is wholly owned by all the members. Everyone who places cash into the company should expect to own more of the partnership than owners who do not.
As a cash investor, you should additionally expect to receive a preferred return on your investment before income is disbursed. The portion of the amount invested (preferred return) is distributed to the investors from the cash flow, if any. All the participants are then given the rest of the profits calculated by their portion of ownership.
If syndication’s assets are sold for a profit, the profits are distributed among the participants. Combining this to the ongoing cash flow from an investment property markedly increases a partner’s results. The members’ portion of interest and profit share is stated in the partnership operating agreement.
REITs
Many real estate investment firms are built as a trust called Real Estate Investment Trusts or REITs. REITs are invented to allow everyday people to buy into properties. Most people today are able to invest in a REIT.
Participants in REITs are entirely passive investors. The liability that the investors are accepting is diversified among a collection of investment properties. Shares in a REIT may be unloaded when it is agreeable for the investor. But REIT investors do not have the option to select particular properties or markets. You are confined to the REIT’s portfolio of properties for investment.
Real Estate Investment Funds
Mutual funds that contain shares of real estate companies are known as real estate investment funds. Any actual real estate is owned by the real estate firms rather than the fund. These funds make it feasible for a wider variety of people to invest in real estate. Fund shareholders may not receive typical distributions like REIT participants do. The benefit to investors is generated by increase in the worth of the stock.
You may choose a fund that concentrates on a selected kind of real estate you’re familiar with, but you don’t get to determine the market of every real estate investment. You have to rely on the fund’s directors to select which markets and properties are picked for investment.
Housing
Philadelphia County Housing 2024
In Philadelphia County, the median home market worth is , while the median in the state is , and the United States’ median value is .
The yearly home value growth rate has been over the previous 10 years. Across the state, the average yearly value growth percentage during that term has been . Nationwide, the yearly appreciation percentage has averaged .
Considering the rental residential market, Philadelphia County has a median gross rent of . The state’s median is , and the median gross rent across the United States is .
The rate of home ownership is at in Philadelphia County. The state homeownership rate is currently of the population, while across the country, the percentage of homeownership is .
The leased residential real estate occupancy rate in Philadelphia County is . The state’s supply of leased residences is occupied at a rate of . The comparable rate in the nation across the board is .
The combined occupancy rate for single-family units and apartments in Philadelphia County is , while the vacancy rate for these properties is .
Real Estate Trends
Philadelphia County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#home_appreciation_rates_10
Philadelphia County Home Value
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#home_value_10
Philadelphia County Median Home Value
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#median_home_value_10
Philadelphia County Median Gross Rent
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#median_gross_rent_10
Philadelphia County Price To Rent Ratio Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#price_to_rent_ratio_over_time_10
Philadelphia County Home Ownership
Philadelphia County Rent & Ownership
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#rent_&_ownership_11
Philadelphia County Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#rent_vs_owner_occupied_by_household_type_11
Philadelphia County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#occupied_&_vacant_number_of_homes_and_apartments_11
Philadelphia County Household Type
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#household_type_11
Philadelphia County Property Types
Philadelphia County Age Of Homes
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#age_of_homes_12
Philadelphia County Types Of Homes
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#types_of_homes_12
Philadelphia County Homes Size
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#homes_size_12
Marketplace
Philadelphia County Investment Property Marketplace
If you are looking to invest in Philadelphia County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Philadelphia County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Philadelphia County investment properties for sale.
Philadelphia County Investment Properties for Sale
Search Properties By
Financing
Philadelphia County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Philadelphia County PA, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Philadelphia County private and hard money lenders.
Philadelphia County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Philadelphia County Population Trends
The whole population of Philadelphia County is .
The number of locals in Philadelphia County has changed within the past 10 years at a rate of . In that same period, the state had a growth rate of . The national growth rate throughout the same period was .
The average per-year growth rate for Philadelphia County was , and the state’s average was . The per-annum growth rate for the US is .
The population’s median age in Philadelphia County is .
Philadelphia County Population Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#population_over_time_24
Philadelphia County Population By Year
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#population_by_year_24
Philadelphia County Population By Age And Sex
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#population_by_age_and_sex_24
Economy
Philadelphia County Economy 2024
Philadelphia County has reported a median household income of . The median income for all households in the whole state is , in contrast to the United States’ figure which is .
The citizenry of Philadelphia County has a per person income of , while the per person income all over the state is . is the per person income for the country overall.
Currently, the average wage in Philadelphia County is , with the entire state average of , and the country’s average figure of .
Philadelphia County has an unemployment average of , while the state shows the rate of unemployment at and the nationwide rate at .
Overall, the poverty rate in Philadelphia County is . The state’s figures demonstrate an overall poverty rate of , and a comparable study of the country’s figures puts the nationwide rate at .
Philadelphia County Residents’ Income
Philadelphia County Median Household Income
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#median_household_income_27
Philadelphia County Per Capita Income
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#per_capita_income_27
Philadelphia County Income Distribution
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#income_distribution_27
Philadelphia County Poverty Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#poverty_over_time_27
Philadelphia County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#property_price_to_income_ratio_over_time_27
Philadelphia County Job Market
Philadelphia County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#employment_industries_(top_10)_28
Philadelphia County Unemployment Rate
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#unemployment_rate_28
Philadelphia County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#employment_distribution_by_age_28
Philadelphia County Average Salary Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#average_salary_over_time_28
Philadelphia County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#employment_rate_over_time_28
Philadelphia County Employed Population Over Time
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#employed_population_over_time_28
Schools
Philadelphia County School Ratings
The public school system in Philadelphia County is kindergarten to 12th grade, with primary schools, middle schools, and high schools.
The Philadelphia County public school system has a graduation rate.
Philadelphia County School Ratings
https://housecashin.com/investing-guides/investing-philadelphia-county-pa/#school_ratings_31