It’s more affordable to buy in the Philadelphia area

According to Trulia’s 2011 Rent vs. Buy Index, it’s more affordable to buy than rent in the Philadelphia area. The Rent:Buy ratio, according to Trulia’s study, is 12. The median monthly rental price for a 2 bedroom apartment is $1,000-$1,500 while the median purchase price ranges between $200,000-$300,000. The Philadelphia area is experiencing a job growth of 2% and the unemployment rate is currently 9%. Here is the map, provided by Trulia. View the interactive map here.

 

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About Coldwell Banker Realty Corp
Coldwell Banker Realty Corp is "First in Service" with all of your Montgomery, Bucks, Chester, Delaware and Philadelphia county real estate needs! Our award-winning relocation department and buyer's and seller's agents are always available to assist you.

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