{"id":761,"date":"2015-03-25T22:53:22","date_gmt":"2015-03-25T22:53:22","guid":{"rendered":"https:\/\/www.movoto.com\/foundation\/?p=761"},"modified":"2015-03-25T22:53:22","modified_gmt":"2015-03-25T22:53:22","slug":"best-philadelphia-neighborhoods-for-home-buyers","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/best-philadelphia-neighborhoods-for-home-buyers\/","title":{"rendered":"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers"},"content":{"rendered":"<p>What\u2019s one of the biggest concerns homebuyers-to-be think about before they start house hunting? It\u2019s usually along the lines of figuring out where they can get the best deal, and where their money can go the farthest.<\/p>\n<p>But there\u2019s much more than just the price of the home to think about\u2014when it comes to nailing down a specific neighborhood in a location you\u2019re after, you want to make sure it has a healthy combination of factors that would make the ideal place for a first-time home buyer: affordability, safety, and convenience.<\/p>\n<p>After analyzing the above factors, we here at <a href=\"https:\/\/www.movoto.com\/\">Movoto Real Estate<\/a> crunched some numbers and created a ranking of the 10 best <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/\">Philadelphia<\/a> neighborhoods for first-time home buyers:<\/p>\n<p>1. City Center West<br \/>\n2. City Center East<br \/>\n3. Fairmount-Spring Garden<br \/>\n4. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/southwest-schuylkill\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\">Schuylkill Southwest<\/a><br \/>\n5. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/bella-vista\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\"> Wharton-Hawthorne-Bella Vista<\/a><br \/>\n6. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/yorktown\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\"> Poplar-Ludlow-Yorktown <\/a><br \/>\n7. Riverfront<br \/>\n8. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/pennsport\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\"> Pennsport-Whitman-Queen<\/a><br \/>\n9. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/cobbs-creek\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\">Cobbs Creek<\/a><br \/>\n10. <a href=\"https:\/\/www.movoto.com\/philadelphia-pa\/chestnut-hill\/\" target=\"\u201d_blank\u201d\" rel=\"noopener\">Chestnut Hill<\/a><\/p>\n<p>How did we arrive at this list, you ask? It was simple (if you like numbers). We ranked Philly\u2019s neighborhoods in order from one to 18 in the important home buying factors we listed above: affordability (median household income to median sale price ratio), amenities within a mile, and violent crimes per person.<\/p>\n<p>We used <a href=\"http:\/\/www.areavibes.com\/\">Areavibes.com<\/a>, the <a href=\"http:\/\/www.census.gov\/acs\/www\/data_documentation\/data_main\/\">U.S. Census\u2019 2009-2012 American Community Survey<\/a>, and the <a href=\"http:\/\/www.fbi.gov\/about-us\/cjis\/ucr\/crime-in-the-u.s\/2012\/crime-in-the-u.s.-2012\">2012 FBI Uniform Crime Report<\/a> to gather our data. Ready to check out the top 10?<\/p>\n<h2>1. City Center West<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/1.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Flickr user Ben Mason<\/div>\n<p><b>Rankings<\/b> Affordability: 1st \u2022 Amenities: 1st (tie) \u2022 Safety: 1st (tie)<\/p>\n<p>An unsuspecting home buyer might be surprised to find out that the top-ranked neighborhood in Philadelphia is indeed City Center West. This sure puts the thought that city living is too expensive to rest.<\/p>\n<p>Tied for first across two categories, and ranking absolute first in affordability, City Center West makes a strong case for planting your roots.<\/p>\n<p>Not only is this area safe, but it also brims with all the amenities you\u2019ll need within a one-mile radius\u2014from supermarkets and public transportation to parks and schools.The Philadelphia Museum of Art, Citizens Bank Park, and Rittenhouse Square are all just a stone\u2019s throw away.<\/p>\n<h2>2. City Center East<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/2.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 2nd \u2022 Amenities: 1st (tie) \u2022 Safety: 1st (tie)<\/p>\n<p>Just next door, City Center East takes the second spot on our list. With just as many amenities as its neighbor (over 200 within a one-mile radious), City Center East ranked just slightly less affordable taking the second place spot overall.<\/p>\n<p>Home of Chinatown, Washington Square Park, and some great shopping districts with cobblestone streets, this downtown area is always bustling.<\/p>\n<h2>3. Fairmount-Spring Garden<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/3.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 6th \u2022 Amenities: 1st (tie) \u2022 Safety: 1st (tie)<\/p>\n<p>The perfect mix of cultural attractions and diverse residential areas, Fairmount-Spring Garden came in sixth in terms of affordability. Many of the houses in this neighborhood are charming brownstones townhomes.<\/p>\n<p>This area also boasts a handful of museums, a library, and a lot of green park space right along the Schuylkill River. Five of our top 10 Philly neighborhoods tied for first in terms of safety, and Fairmount-Spring Garden is one of them.<\/p>\n<h2>4. Schuylkill Southwest<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/4.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 5th \u2022 Amenities: 1st (tie) \u2022 Safety: 6th<\/p>\n<p>Another walkable neighborhood right near downtown is Schuylkill Southwest. Just following the five-way tie for first in terms of safety, this neighborhood comes in second safest of the top 10 and sixth safest overall.<\/p>\n<p>Nestled beside the Schuylkill River, the properties here tend to come in rowhouses that line the river. It has a great mixture of shops and green outdoor space along the riverbank. There are also multiple schools within a one-mile radius.<\/p>\n<h2>5. Wharton-Hawthorne-Bella Vista<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/5.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 4th \u2022 Amenities: 1st (tie) \u2022 Safety: 11th<\/p>\n<p>More towards the east side of Philly is the Wharton-Hawthorne-Bella Vista area, which came in fourth place in terms of affordability and more towards the middle of the pack of the top 10 (11th overall) in terms of safety.<\/p>\n<p>Bella Vista has an Italian feel, and Anthony\u2019s Italian Coffee House and Sabrina\u2019s Cafe are just a few of the many gems this neighborhood has to offer. Open air markets and fresh produce stands are plentiful. There\u2019s also a great dog park for those with furry friends.<\/p>\n<p>[optinform]<\/p>\n<h2>6. Poplar-Ludlow-Yorktown<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/6.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 4th \u2022 Amenities: 1st (tie) \u2022 Safety: 1st (tie)<\/p>\n<p>If you\u2019re looking for an affordable area that\u2019s not quite right in the city center, this neighborhood ranked third overall in terms of affordability. It comes at the cost of safety, with Poplar-Ludlow-Yorktown ranking second worst out of the top 10 for crimes (but still only 23rd overall).<\/p>\n<p>Although the high school graduation rate in this area is just a touch lower than the average for the city of Philly, a few of the schools in the neighborhood were listed on the National Register of Historic Places.<\/p>\n<p>Temple University and Progress Plaza, a shopping and dining mall, are also within walking distance. When you get more toward the north side of this neighborhood (Queen Village), trendy boutiques and coffee shops spring up.<\/p>\n<h2>7. Riverfront<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/7.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Google Maps<\/div>\n<p><b>Rankings<\/b> Affordability: 20th \u2022 Amenities: 7th \u2022 Safety: 1st (tie)<\/p>\n<p>The first neighborhood on this list so far to not be tied for first in terms of amenities is Riverfront (while still ranking pretty high at seventh overall). This area has many luxury high rises and condos.<\/p>\n<p>The least affordable of our top 10, Riverfront came in 20th overall in this respect (although the income here per capita is rather high). And like its name claims, Riverfront is situated right along the Delaware River. The Delaware River Trail is a great place for joggers and bikers alike.<\/p>\n<h2>8. Pennsport-Whitman-Queen<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/8.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Flickr user R\u2019Iyeh Imaging<\/div>\n<p><b>Rankings<\/b> Affordability: 8th \u2022 Amenities: 22nd \u2022 Safety: 16th<\/p>\n<p>Of the top 10, this strong, community-based neighborhood is more towards the middle of the pack in terms of affordability and towards the end when it comes to amenities (but still has 150 within a one-mile radius).<\/p>\n<p>The architecture of the homes here is stunning, with many having stand-out features like large bay windows, ornate accents, and glass mosaics.<\/p>\n<p>This area is located on the eastern side of the city near the Delaware River and is minutes away from Columbus Boulevard and Interstate 95, where there are endless shopping and dining options.<\/p>\n<h2>9. Cobbs Creek<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/9.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Flickr user Joseph Wingenfeld<\/div>\n<p><b>Rankings<\/b> Affordability: 7th \u2022 Amenities: 13th \u2022 Safety: 27th<\/p>\n<p>Located in West Philly, Cobbs Creek is a bustling neighborhood that has its quieter areas, especially along the creek. While it placed at the very bottom of the top 10 list in terms of safety, crime here is still better than 60 percent of Philly neighborhoods in general.<\/p>\n<p>Cobbs Creek Park is a great place for families with children and is also home to an environmental center, hiking trails, and an ice skating rink. The neighborhood is also close to University City, home to University of Pennsylvania, Drexel University, and University of the Sciences in Philadelphia.<\/p>\n<h2>10. Chestnut Hill<\/h2>\n<p><img decoding=\"async\" style=\"width: 600px;\" src=\"http:\/\/s3.amazonaws.com\/fthb\/2015\/03\/philadelphia-neighborhoods\/10.jpg\" alt=\"These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers\" \/><\/p>\n<div class=\"source\">Source: Flickr user Joseph Wingenfeld<\/div>\n<p><b>Rankings<\/b> Affordability: 1st \u2022 Amenities: 1st \u2022 Safety: 1st<\/p>\n<p>Resembling more of a suburb than a city, Chestnut Hill is a favorite when it comes to commuter neighborhoods. Located in the northwestern portion of the city, Chestnut Hill has a remote, residential feel filled with parks and scenic views.<\/p>\n<p>Many of the homes are single-family colonial-style and feature large yards lined with flowerbeds. Public transportation is rather scarce in this part of town, so owning a car is advised.<\/p>\n<p>Of the top 10, it came in second worst in terms of affordability only behind Riverfront, but tied with a few others for best in terms of crime (with only 440 violent crimes per 100,000 people).<\/p>\n<h2>Philly Is The Place To Buy<\/h2>\n<p>With Philly\u2019s job market continuously expanding, rent prices are being driven up. This, and the sheer fact that there are so many homes on the market, make it the perfect time to buy a home here rather than rent.<\/p>\n<p>If you take out 30-year fixed loan of $175,000 at a 4.5 percent interest rate, you can expect your average monthly mortgage payment to be somewhere around $900.<\/p>\n<p>Although this estimation doesn\u2019t include taxes or any mortgage insurance you might need, it still appears to be a better move than paying the median rent price of $1,300 that could keep increasing as the years pass.<\/p>\n<p>Ready to look at homes in Philly? We\u2019ve got you covered. Just get in touch with a Movoto Certified Partner Agent, and they\u2019ll answer every burning buying question you can think of.<\/p>\n<p><b>Get personalized Philadelphia listings delivered right to your inbox.<\/b><br \/>\n[yks-mailchimp-list id=&#8221;c155029109&#8243; submit_text=&#8221;Get Listings&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s one of the biggest concerns homebuyers-to-be think about before they start house hunting? It\u2019s usually along the lines of figuring out where they can get the best deal, and where their money can go the farthest. But there\u2019s much more than just the price of the home to think about\u2014when it comes to nailing down a specific neighborhood in a location you\u2019re after, you want to make sure it has a healthy combination of factors that would make the ideal place for a first-time home buyer: affordability, safety, and convenience. After analyzing the above factors, we here at Movoto [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinions","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>These Are The 10 Best Philadelphia Neighborhoods For First-Time Home Buyers<\/title>\n<meta name=\"description\" content=\"You\u2019re going to want to check this out before you start house hunting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.movoto.com\/blog\/best-philadelphia-neighborhoods-for-home-buyers\/\" 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