640 Vital Statistics. 31 Condition Alerts found.
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Median real estate price in the City Center of Philadelphia is $440,957, which is more expensive than 95.1% of the neighborhoods in Pennsylvania and 82.8% of the neighborhoods in the U.S.
The average rental price in Philadelphia City Center is currently $1,763, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.0% of the neighborhoods in Pennsylvania.
Philadelphia City Center is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.
Real estate in the City Center of Philadelphia, PA is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 2000 and the present.
Philadelphia City Center has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.1% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Philadelphia, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Of note is NeighborhoodScout's research finding that the Philadelphia City Center neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Philadelphia City Center community truly stands out from the rest in this regard.
In addition, an interesting characteristic about the Philadelphia City Center neighborhood is that there are more incarcerated people living here than 99.5% of neighborhoods in the U.S. The United States has the highest rate of incarceration in the world, currently with 1 out of every 100 adults in the country are incarcerated as a punishment for crimes committed. The extremely high incarceration rate of this neighborhood could mean that a prison, juvenile detention facility or other correctional facility occupies a large proportion of the neighborhood, or contains a large portion of the neighborhood's population.
More people in Philadelphia City Center choose to walk to work each day (59.5%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
The Philadelphia City Center neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, the real estate in the Philadelphia City Center neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 94.3% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.1% of American neighborhoods.
Furthermore, renter-occupied real estate is dominant in the Philadelphia City Center neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.0%, which is higher than 98.9% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Philadelphia City Center neighborhood is one of the most walkable neighborhoods in America.
Finally, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Philadelphia City Center neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 69.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.8% of the neighborhoods in the United States.
Most American households own a car or other vehicle. Many own two cars or perhaps three. In the United States, it is useful to have an automobile not only for commuting, but also for shopping and getting to other services one needs. But NeighborhoodScout's analysis revealed that households in the Philadelphia City Center neighborhood have a highly unusual car ownership. 58.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.1% of U.S. neighborhoods.
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Philadelphia City Center neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.7% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Did you know that the Philadelphia City Center neighborhood has more Jamaican and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Jamaican ancestry and 10.5% have Puerto Rican ancestry.
Philadelphia City Center is also pretty special linguistically. Significantly, 6.3% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.
The Philadelphia City Center neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.9% of the neighborhoods in American. In fact, 67.1% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the City Center neighborhood in Philadelphia are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.4% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Philadelphia City Center neighborhood, 67.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.3%), and 8.3% in government jobs, whether they are in local, state, or federal positions.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the City Center neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as Asian (15.5%). There are also a number of people of Puerto Rican ancestry (10.5%), and residents who report German roots (9.8%), and some of the residents are also of Irish ancestry (8.3%), along with some Italian ancestry residents (7.8%), among others. In addition, 16.5% of the residents of this neighborhood were born in another country.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Philadelphia City Center neighborhood is English, spoken by 71.5% of households. Other important languages spoken here include Spanish, Chinese and South Asian languages.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Philadelphia City Center neighborhood spend under 15 minutes commuting one-way to work (43.1% of working residents), one of the shortest commutes across America.
Here most residents (59.5%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (16.3%) and 9.7% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
Analytics built by: Location, Inc.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
44 Vital Statistics. 7 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau).
Date(s) & Update Frequency: 2015 (latest available). Updated annually.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more
136 Vital Statistics. 1 Condition Alert found.
(100 is the most diverse)
Analytics built by: Location, Inc.
Raw data sources: Uniform Crime Reporting Program (Federal Bureau of Investigation), additional data from local police agencies.
Date(s) & Update Frequency: Reflects 2015 calendar year; released from FBI in Sept. 2016 (latest available). Updated annually. Wheres 2016 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more
67 Vital Statistics. 2 Condition Alerts found.
(100 is safest)
| Violent | Property | Total | |
|---|---|---|---|
| Number of Crimes | |||
|
Crime Rate
(per 1,000 residents) |
(100 is safest)
|
Murder
Index |
Rape
Index |
Robbery
Index |
Assault
Index |
|---|---|---|---|
100 is safest |
100 is safest |
100 is safest |
100 is safest |
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Philadelphia | 0.101011101001110 |
| Pennsylvania | 3.15 |
| Murder | Rape | Robbery | Assault | |
|---|---|---|---|---|
| Report Total | ||||
| Rate per 1,000 |
| Murder | Rape | Robbery | Assault | |
|---|---|---|---|---|
| Report Total | ||||
| Rate per 1,000 |
(100 is safest)
|
Burglary
Index |
Theft
Index |
Motor Vehicle
Theft |
|---|---|---|
100 is safest |
100 is safest |
100 is safest |
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Philadelphia | 0.101011101001110 |
| Pennsylvania | 18.13 |
| burglary | theft | motor vehicle theft | |
|---|---|---|---|
| Report Total | |||
| Rate per 1,000 |
| burglary | theft | motor vehicle theft | |
|---|---|---|---|
| Report Total | |||
| Rate per 1,000 |
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Philadelphia | 0.101011101001110 |
| Pennsylvania | 51 |
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more
65 Vital Statistics. 12 Condition Alerts found.
Rates the quality of all K-12 public schools that
serve this neighborhood.
| Adults In Neighborhood With College Degree Or Higher | |
|---|---|
| Children In The Neighborhood Living In Poverty |
GET FULL REPORTS FOR ANY SCHOOL IN THIS DISTRICT
SEE ALL SCHOOLS| Discipline | District | State |
|---|---|---|
| Proficiency in Reading and Math | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Reading | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Math | 0.101011101001110 | 0.101011101001110 |
| Ethnic/racial Groups | This District | This State |
|---|---|---|
| White (non-hispanic) | ||
| Black | ||
| Hispanic | ||
| Asian Or Pacific Islander | ||
| American Indian Or Native Of Alaska |
| Economic Groups | This District | This State |
|---|---|---|
| ECONOMICALLY DISADVANTAGED | ||
| FREE LUNCH ELIGIBLE | ||
| REDUCED LUNCH ELIGIBLE |
| For This District | Per Student | Total | % Of Total |
|---|---|---|---|
| Instructional Expenditures | |||
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| Student | |||
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| Other | |||
| Total Support | |||
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| Total Expenditures |
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
328 Vital Statistics. 9 Condition Alerts found.
LOCKED
Appreciation Potential (3 years)
RATINGS:
1=Very Low
2=Low
3=Moderate
4=High
5=Rising Star
LOCKED
Past Appreciation and existing fundamentals
RATINGS:
1=Very Low
2=Low
3=Moderate
4=High
5=Blue Chip
| Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
|---|---|---|---|---|
|
3 Year Forecast:
2017 Q3 - 2020 Q3 |
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Latest Quarter:
2017 Q1 - 2017 Q2 |
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Last 12 Months:
2016 Q2 - 2017 Q2 |
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Last 2 Years:
2015 Q2 - 2017 Q2 |
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Last 5 Years:
2012 Q2 - 2017 Q2 |
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Last 10 Years:
2007 Q2 - 2017 Q2 |
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Since 2000:
2000 Q1 - 2017 Q2 |
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| * 10 is highest | ||||
Factors likely to drive home values upward over the next few years or indicators of upward trends already underway.
Impediments to home value appreciation over the next few years or indicators of negative trends already underway.
LOCKED
Price advantage score
RATINGS:
1=Strong Disadvantage
2=Disadvantage
3=Similar Price
4=Advantage
5=Strong Advantage
LOCKED
Jobs score
RATINGS:
1=Limited
2=Below Average
3=Average
4=Very Good
5=Excellent
| Within | High-paying* jobs |
|---|---|
| 5 minutes | |
| 10 minutes | |
| 15 minutes | |
| 20 minutes | |
| 30 minutes | |
| 45 minutes | |
| 60 minutes | |
| *Annual salary of $75,000 or more | |
| Distance from Location | Population 5 years ago | Current Population | Percent Change |
|---|---|---|---|
| Half Mile | |||
| 1 Mile | |||
| 3 Miles | |||
| 5 Miles | |||
| 10 Miles | |||
| 15 Miles | |||
| 25 Miles | |||
| 50 Miles |
LOCKED
Regional Appreciation Potential (3yr)
RATINGS:
1=Very Low
2=Low
3=Moderate
4=High
5=Very High
| Regional Trend | Last 2 years | Compared to Nation* | Last 1 year | Compared to Nation* |
|---|---|---|---|---|
| Population Growth | ||||
| Job Growth | ||||
| Income Trend (Wages) | ||||
| Unemployment Trend | ||||
| Stock Performance of Region's Industries | ||||
| Housing Added | ||||
| Vacancy Trend | ||||
| * 10 is highest | ||||
Disclaimer
Forecasts of potential occurrences or non-occurrences of future conditions and events are inherently uncertain. Actual
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generated by a Location Inc. product or services is, or should be relied upon as, a promise or representation as to the future
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Trends and Forecast
