Airbnb City Guide: The Best Places To Invest in Philadelphia, Pennsylvania

Airbnb Rules and Regulations in Philadelphia, Pennsylvania

Philadelphia has strict regulations for short-term rentals, including those listed on platforms like Airbnb and Vrbo. Hosts must obtain a Limited Lodging Operator License if renting out their primary residence or a Hotel License if renting a property they don't live in. All listings must display the license number and be renewed annually.

Hosts are required to pay the city's Hotel Room Rental Tax and have a Philadelphia Business Income and Receipts Tax (BIRT) account. Guest rules include allowing visitors only between 8 a.m. and midnight and providing contact information for the host or property manager to handle complaints. The city estimates there are still around 1,300 unlicensed short-term rentals operating, and it has begun cracking down on violations, with fines issued to non-compliant hosts.

As Philadelphia prepares to host major events like the World Cup and MLB All-Star Game in the coming years, hosts must ensure they are following all applicable regulations to avoid penalties and help maintain a balanced short-term rental market in the city.

Philadelphia Airbnb Market

• Occupancy Rate – 51%
• Average Revenue – $28.4K per year
• Average Daily Rate – $151.6 per night
• Average RevPAR – $79.3
• Average Home Prices – $215,593

1. Top Place to Invest in Philadelphia, Pennsylvania - Tacony

Nestled along the Delaware River, about 8 miles northeast of Center City Philadelphia, Tacony is a historic neighborhood that has seen a revival in recent years. With its rich history, convenient location, and growing amenities, Tacony is quickly becoming one of Philadelphia's most attractive areas for real estate investment.

Tacony Airbnb Market Data:

• Occupancy Rate – 59%
• Average Revenue – $20.5K per year
• Average Daily Rate – $95.8 per night
• Average RevPAR – $57.5

Convenience: 8/10

Tacony offers a high level of convenience for its residents. The neighborhood is well-connected to the rest of the city via public transportation, with easy access to the Market-Frankford Line and several bus routes. Residents can also enjoy a variety of local businesses, including grocery stores, pharmacies, and restaurants, all within walking distance.

Tourist Attractions: 6/10

While Tacony may not be a top tourist destination, it does offer some unique attractions for visitors to explore. The Tacony Creek Park provides a beautiful green space for outdoor activities, and the nearby John Heinz National Wildlife Refuge at Tinicum is a popular spot for birdwatching and nature walks. The neighborhood also boasts some historic sites, such as the Disston Estate.

Things to Do: 7/10

Tacony has a growing number of things to do for both residents and visitors. The neighborhood hosts several annual events, such as the Tacony Winterfest and the Tacony Arts Festival. There are also plenty of local restaurants, bars, and shops to explore, and recreational facilities like the Vogt Recreation Center.

Average Home Prices: 7/10

As of 2024, the median home price in Tacony is $235,000, according to Zillow data. This represents a modest 5% increase from 2017 prices, indicating a stable and growing real estate market. Compared to other neighborhoods in Philadelphia, Tacony offers relatively affordable housing options, making it an attractive choice for investors looking to enter the market.

Proximity to Work-Related Travel: 8/10

Tacony's location makes it a convenient choice for those who need to travel for work. The neighborhood is just a short drive from major hospitals like Jefferson Torresdale Hospital and Nazareth Hospital, as well as the Pennsylvania Convention Center in Center City. Sports fans will also appreciate the easy access to venues like Lincoln Financial Field and the Wells Fargo Center.

X-Factor: 9/10

What sets Tacony apart is its strong sense of community and rich history. The neighborhood has a tight-knit feel, with many families having lived there for generations. Tacony also boasts a unique industrial heritage, with landmarks like the Disston Saw Works and the Tacony Worsted Mills showcasing its past as a manufacturing hub. This combination of community spirit and historical charm gives Tacony a special appeal for those looking to invest in a neighborhood with character.

2. Top Place to Invest in Philadelphia, Pennsylvania - Gayborhood

The Gayborhood, also known as Washington Square West, is a vibrant and diverse neighborhood in the heart of Center City Philadelphia. This iconic area has long been a hub for the city's LGBTQ+ community, offering a welcoming atmosphere, a thriving arts scene, and a prime location for both residents and visitors alike.

Gayborhood Airbnb Market Data:

• Occupancy Rate – 67%
• Average Revenue – $39.5K per year
• Average Daily Rate – $162 per night
• Average RevPAR – $109.5

Convenience: 9/10

The Gayborhood boasts an unbeatable level of convenience, with easy access to public transportation, including the Broad Street Line and several bus routes. Residents can walk to a wide array of amenities, such as grocery stores, pharmacies, and countless dining and shopping options. The neighborhood's central location makes navigating the city and beyond a breeze.

Tourist Attractions: 8/10

As a cultural epicenter, the Gayborhood attracts visitors from all over with its unique attractions. The neighborhood is home to the famous Giovanni's Room, the oldest LGBTQ+ bookstore in the country, as well as the Barbara Gittings Gay & Lesbian Collection at the Philadelphia Free Library. Visitors can also explore the Mural Arts Program's "Pride and Progress" series, showcasing stunning works of art throughout the area.

Things to Do: 9/10

The Gayborhood is a hub of activity, offering an endless array of things to do for both residents and tourists. The neighborhood is known for its lively nightlife scene, with numerous bars, clubs, and restaurants catering to the LGBTQ+ community and allies. During the day, visitors can explore the area's many boutiques, art galleries, and coffee shops or take in a show at one of the nearby theaters.

Average Home Prices: 7/10

As of 2024, the median home price in the Gayborhood is $550,000, according to Zillow data. While this may be higher than some other Philadelphia neighborhoods, it reflects the area's prime location and high demand. Despite the higher prices, the Gayborhood remains an attractive option for investors, with a solid rental market and potential for long-term appreciation.

Proximity to Work-Related Travel: 9/10

The Gayborhood's central location makes it an ideal choice for those who need to travel for work. The neighborhood is just a short walk or ride from major hospitals like Jefferson University Hospital, Pennsylvania Hospital, and the Pennsylvania Convention Center. Sports fans will appreciate the easy access to venues like the Wells Fargo Center and Lincoln Financial Field, both just a quick subway ride away.

X-Factor: 10/10

What truly sets the Gayborhood apart is its unparalleled sense of community and inclusivity. The neighborhood has long been a safe haven for the LGBTQ+ community, with a rich history of activism and pride. This welcoming atmosphere, combined with the area's stunning architecture, vibrant arts scene, and prime location, makes the Gayborhood a one-of-a-kind destination for residents and visitors alike.

3. Top Place to Invest in Philadelphia, Pennsylvania - West Oak Lane

West Oak Lane, a charming neighborhood in the northwest section of Philadelphia, has emerged as a hidden gem for real estate investment. With its tree-lined streets, historic homes, and a strong sense of community, West Oak Lane offers a unique blend of urban convenience and suburban tranquility, making it an attractive option for both residents and investors.

West Oak Lane Airbnb Market Data:

• Occupancy Rate – 74%
• Average Revenue – $30.2K per year
• Average Daily Rate – $112.1 per night
• Average RevPAR – $84

Convenience: 7/10

West Oak Lane offers good convenience for its residents, with access to public transportation via the SEPTA Regional Rail and several bus routes. The neighborhood is home to a variety of local businesses, including grocery stores, pharmacies, and restaurants, providing residents with essential amenities within reach. However, the area may not be as walkable as some other Philadelphia neighborhoods.

Tourist Attractions: 5/10

While West Oak Lane may not be a top tourist destination, it does offer some points of interest for visitors to explore. The Awbury Arboretum, a 55-acre historic landscape, provides a beautiful green space for outdoor activities and events. The neighborhood also boasts some unique architectural features, such as the historic Victorian homes along Limekiln Pike.

Things to Do: 6/10

West Oak Lane has a growing number of things to do for both residents and visitors. The neighborhood hosts several annual events, such as the West Oak Lane Jazz & Arts Festival, which showcases local talent and brings the community together. Residents can also enjoy recreational facilities like the Simons Recreation Center and the Awbury Arboretum, which offer hiking trails and educational programs.

Average Home Prices: 8/10

As of 2024, the median home price in West Oak Lane is $280,000, according to Zillow data. This represents a modest 6% increase from 2021 prices, indicating a stable and growing real estate market. Compared to other neighborhoods in Philadelphia, West Oak Lane offers relatively affordable housing options, making it an attractive choice for investors looking to enter the market.

Proximity to Work-Related Travel: 6/10

West Oak Lane's location provides reasonable access to work-related travel destinations. The neighborhood is approximately a 30-minute drive from major hospitals like Einstein Medical Center and Temple University Hospital. Center City Philadelphia, home to the Pennsylvania Convention Center and numerous corporate offices, is about a 25-minute drive or a 40-minute train ride away. Sports venues like Lincoln Financial Field and the Wells Fargo Center are also accessible by car or public transit.

X-Factor: 8/10

What sets West Oak Lane apart is its strong sense of community and rich history. The neighborhood has a tight-knit feel, with many families living there for generations. West Oak Lane also boasts a unique architectural heritage, with a mix of historic Victorian homes and mid-century modern houses. Community spirit and distinctive character give West Oak Lane a special appeal for those looking to invest in a neighborhood with a strong identity.

4. Top Place to Invest in Philadelphia, Pennsylvania - Elfreth's Alley

Nestled in the heart of Old City, Elfreth's Alley is a historic gem that offers a unique investment opportunity in Philadelphia. As the nation's oldest continuously inhabited residential street, Elfreth's Alley boasts a rich history, stunning architecture, and an unbeatable location, making it an attractive option for old and new short-term rental investors.

Elfreth's Alley Airbnb Market Data:

• Occupancy Rate – 70%
• Average Revenue – $55.8K per year
• Average Daily Rate – $218.3 per night
• Average RevPAR – $155.9

Convenience: 9/10

Elfreth's Alley is highly convenient, with easy access to public transportation, including the Market-Frankford Line and several bus routes. Residents and visitors can easily walk to a plethora of amenities, such as grocery stores, pharmacies, and a wide variety of dining and shopping options in the surrounding Old City neighborhood.

Tourist Attractions: 10/10

Elfreth's Alley is a major tourist attraction and a historic landmark. Visitors from around the world come to explore the charming cobblestone street and admire the beautifully preserved 18th-century homes. The Elfreth's Alley Museum, located in two of the historic houses, offers guided tours and exhibits that showcase the street's fascinating history.

Things to Do: 9/10

Elfreth's Alley and the surrounding Old City neighborhood offer many things for residents and tourists to do. Visitors can explore the area's numerous historical sites, such as Independence Hall and the Liberty Bell, or browse the many art galleries, boutiques, and antique shops. The neighborhood also boasts a thriving food scene, with diverse restaurants and cafes to suit every taste.

Average Home Prices: 6/10

According to Zillow data, as of 2024, the median home price in the Old City neighborhood, which includes Elfreth's Alley, is $650,000. While this is significantly higher than the median home price in Philadelphia as a whole, it reflects the area's prime location and historic charm. Despite the higher prices, properties on Elfreth's Alley are highly sought-after, and can command premium rental rates, which can fit into specialty pricing strategies, making them a lucrative investment for short-term rental investors.

Proximity to Work-Related Travel: 8/10

Elfreth's Alley's central location makes it a convenient choice for those who need to travel for work. The neighborhood is just a short walk or ride from major hospitals like Thomas Jefferson University Hospital, Pennsylvania Hospital, and the Pennsylvania Convention Center. Sports fans will appreciate the easy access to venues like the Wells Fargo Center and Lincoln Financial Field, both just a quick subway ride away.

X-Factor: 10/10

Its unparalleled historical significance and charm truly sets Elfreth's Alley apart. As the oldest residential street in the country, Elfreth's Alley offers visitors a unique experience, allowing them to step back in time and immerse themselves in the rich history of Philadelphia. The street's beautifully preserved homes, cobblestone pavement, and quaint atmosphere create a truly unique and unforgettable setting that is sure to appeal to short-term rental guests.

5. Top Place to Invest in Philadelphia, Pennsylvania - Washington Square West

Washington Square West, a vibrant and diverse neighborhood in the heart of Center City Philadelphia, has emerged as a prime location for real estate investment. With its rich history, thriving arts scene, and unbeatable location, Washington Square West offers a unique blend of urban sophistication and community charm, making it an attractive option for both residents and investors.

Washington Square West Airbnb Market Data:

• Occupancy Rate – 63%
• Average Revenue – $43.9K per year
• Average Daily Rate – $191.3 per night
• Average RevPAR – $122.3

Convenience: 10/10

Washington Square West boasts unparalleled convenience, with easy access to public transportation, including the Broad Street Line, Market-Frankford Line, and numerous bus routes. Residents can walk to a vast array of amenities, such as gourmet grocery stores, trendy cafes, and world-class dining and shopping options. The neighborhood's central location makes navigating the city and beyond effortless.

Tourist Attractions: 9/10

As a cultural hub, Washington Square West attracts visitors from far and wide with its unique attractions. The neighborhood is home to the iconic Washington Square Park, a historic green space that offers a tranquil escape from the bustling city. Visitors can also explore the Mural Arts Program's stunning works of art throughout the area or take in a show at one of the nearby theaters, such as the Walnut Street Theatre or the Forrest Theatre.

Things to Do: 10/10

Washington Square West is a hive of activity, offering an endless array of things to do for both residents and tourists. The neighborhood is known for its eclectic mix of restaurants, bars, and cafes, catering to every taste and budget. Art enthusiasts can browse the numerous galleries and studios, while fashion lovers can indulge in the area's many boutiques and vintage shops. The nearby Kimmel Center for the Performing Arts and the Academy of Music host world-class performances throughout the year.

Average Home Prices: 7/10

As of 2024, the median home price in Washington Square West is $600,000, according to Zillow data. While this may be higher than some other Philadelphia neighborhoods, it reflects the area's prime location, high demand, and luxurious offerings. It's one of the best neighborhoods in Philly to set up an Airbnb Luxe. Despite the higher prices, Washington Square West remains an attractive option for investors, with a strong rental market and potential for long-term appreciation.

Proximity to Work-Related Travel: 9/10

Washington Square West's central location makes it an ideal choice for those who need to travel for work. The neighborhood is within walking distance of major hospitals and the Pennsylvania Convention Center. Sports fans will appreciate the easy access to venues like the Wells Fargo Center and Lincoln Financial Field, both just a quick subway ride away.

X-Factor: 9/10

Its perfect blend of history, culture, and modern amenities sets Washington Square West apart. The neighborhood seamlessly combines beautifully preserved 19th-century townhouses with sleek contemporary developments, creating a unique architectural landscape. The area's thriving arts scene and diverse and welcoming community give Washington Square West a distinctive character that is hard to find elsewhere in the city.

6. Top Place to Invest in Philadelphia, Pennsylvania - Northern Liberties

Northern Liberties, a trendy neighborhood in Philadelphia, has transformed from a former manufacturing district into a vibrant, artistic community. With its unique blend of historic charm, modern amenities, and a thriving food and nightlife scene, Northern Liberties has become one of the city's most sought-after areas for real estate investment.

Northern Liberties Airbnb Market Data:

• Occupancy Rate – 50%
• Average Revenue – $30.8K per year
• Average Daily Rate – $167.8 per night
• Average RevPAR – $85.6

Convenience: 9/10

Northern Liberties boasts exceptional convenience, with easy access to public transportation, including the Market-Frankford Line and several bus routes. The neighborhood is highly walkable, with a plethora of local businesses, grocery stores, pharmacies, and restaurants within reach. Its proximity to major highways and Center City Philadelphia makes it an ideal location for residents and visitors alike.

Tourist Attractions: 7/10

While not primarily known as a tourist hotspot, Northern Liberties offers several interesting attractions. Visitors can explore the Edgar Allan Poe National Historic Site, where the famous author once resided, or admire the neighborhood's stunning street art and murals. The Piazza, a European-style courtyard surrounded by boutiques and restaurants, serves as a popular gathering space for locals and tourists.

Things to Do: 9/10

Northern Liberties is a haven for foodies, with an eclectic mix of restaurants, cafes, and bars catering to every taste. The neighborhood is also home to several craft breweries, such as Yards Brewing Company, which offers tours and tastings. Art enthusiasts can browse the many galleries and studios, while music lovers can catch live performances at venues like Johnny Brenda's.

Average Home Prices: 8/10

As of 2024, the median home value in Northern Liberties is $509,551, according to Zillow data. This represents a modest 1.2% increase from the previous year, indicating a stable and growing real estate market. While prices are higher than in some other Philadelphia neighborhoods, the area's popularity and amenities make it an attractive option for investors. Rental properties in Northern Liberties are in high demand, offering the potential for strong returns.

Proximity to Work-Related Travel: 8/10

Northern Liberties' central location makes it convenient for work-related travel. The neighborhood is just a short drive or public transit ride away from major hospitals like Jefferson Health and Temple University Hospital. The Pennsylvania Convention Center and Center City's corporate offices are easily accessible, while sports venues like Lincoln Financial Field and the Wells Fargo Center are just a quick subway ride away.

X-Factor: 9/10

Northern Liberties' unique blend of history, creativity, and community spirit sets it apart. The neighborhood's industrial past is evident in its architecture, with former factories and warehouses converted into stylish lofts and apartments. The area's artistic vibe is palpable, with colorful murals, independent boutiques, and a thriving maker scene. Northern Liberties' tight-knit community and laid-back atmosphere make it desirable to live and visit.

7. Top Place to Invest in Philadelphia, Pennsylvania - Brewerytown

Once a thriving hub of Philadelphia's brewing industry in the 19th century, Brewerytown has undergone a remarkable transformation in recent years. This historic neighborhood, located just north of Center City, offers a unique blend of old-world charm and modern amenities, making it an attractive destination for residents and short-term rental investors.

Brewerytown Airbnb Market Data:

• Occupancy Rate – 52%
• Average Revenue – $31.8K per year
• Average Daily Rate – $166.4 per night
• Average RevPAR – $89.2

Convenience: 8/10

Brewerytown boasts excellent accessibility, with easy access to public transportation, including the Broad Street Line subway and several bus routes. The neighborhood's walkable streets are lined with a growing number of local businesses, from trendy cafes and restaurants to grocery stores and pharmacies, providing residents with all the essentials within reach.

Tourist Attractions: 7/10

While not a traditional tourist hotspot, Brewerytown's rich history and unique character make it an intriguing destination for visitors. The neighborhood is home to several historic breweries, such as the former F.A. Poth Brewing Company building, now converted into loft apartments. Nearby attractions include the iconic Eastern State Penitentiary, the Philadelphia Museum of Art, and the scenic Fairmount Park.

Things to Do: 8/10

Brewerytown offers a diverse array of activities for residents and visitors alike. Foodies will delight in the neighborhood's burgeoning culinary scene, with options ranging from casual eateries to upscale dining establishments. Art enthusiasts can explore the local galleries and studios, while nature lovers can enjoy the expansive green spaces of Fairmount Park, perfect for hiking, biking, and picnicking.

Average Home Prices: 8/10

As of February 2024, the median home price in Brewerytown is $330,000, according to Zillow data. This represents a 6.8% increase from the previous year, indicating a stable and growing real estate market. While prices are higher than in some other Philadelphia neighborhoods, Brewerytown's unique charm and prime location make it an attractive option for investors seeking strong rental demand and potential for appreciation.

Proximity to Work-Related Travel: 8/10

Brewerytown's strategic location makes it a convenient base for work-related travel. The neighborhood is just a short drive or public transit ride away from major hospitals like Temple University Hospital and Hahnemann University Hospital. Center City, home to the Pennsylvania Convention Center and numerous corporate offices, is easily accessible via the Broad Street Line. Sports fans will appreciate the proximity to venues like the Wells Fargo Center and Lincoln Financial Field.

X-Factor: 9/10

Brewerytown's distinctive blend of history, community, and potential sets it apart. The neighborhood's stunning architecture, from the iconic Victorian homes to the repurposed industrial buildings, creates a captivating atmosphere that enchants residents and visitors. Brewerytown's tight-knit community and growing arts scene foster a sense of belonging and creativity. As the neighborhood continues to evolve, with new developments and businesses emerging, Brewerytown presents a unique opportunity for investors to be part of its exciting transformation.

8. Top Place to Invest in Philadelphia, Pennsylvania - Old City

Nestled along the Delaware River, Old City is a vibrant and historic neighborhood that offers a unique blend of charm, convenience, and investment potential. As Philadelphia's most historic square mile, Old City boasts a rich heritage, a thriving arts scene, and a host of modern amenities, making it an attractive destination for residents and short-term rental investors.

Old City Airbnb Market Data:

• Occupancy Rate – 61%
• Average Revenue – $42.3K per year
• Average Daily Rate – $189.5 per night
• Average RevPAR – $115.7

Convenience: 9/10

Old City's prime location and well-connected transportation options make it one of the most convenient neighborhoods in Philadelphia. Residents and visitors can easily navigate the area on foot, by bike, or via public transit, with multiple bus routes and SEPTA's Market-Frankford Line serving the community. The neighborhood's compact layout and proximity to major highways like I-95 and I-676 also make it an ideal base for exploring the rest of the city and beyond.

Tourist Attractions: 10/10

As the birthplace of American independence, Old City is home to some of Philadelphia's most iconic landmarks and attractions. Visitors can explore the Liberty Bell, Independence Hall, and the Betsy Ross House, all within walking distance of each other. The neighborhood also boasts a wealth of museums, including the Museum of the American Revolution and the Fireman's Hall Museum, which showcase the city's rich history and cultural heritage.

Things to Do: 9/10

Old City offers a diverse array of activities and experiences for residents and visitors alike. The neighborhood is known for its vibrant arts scene, with dozens of galleries, studios, and performance venues showcasing the work of local and international artists. Foodies will delight in the area's eclectic dining options, from cozy cafes and gourmet markets to acclaimed restaurants like Fork and Amada. And with events like First Friday and the Old City Fest drawing crowds from across the region, there's always something exciting happening in this lively community.

Average Home Prices: 7/10

As of February 2024, the median home price in Philadelphia stands at $257,378, according to Zillow data. While Old City's historic charm and prime location command a premium, the neighborhood still offers a range of housing options at various price points. From cozy condos in converted industrial buildings to luxurious townhouses on cobblestone streets, investors can find properties that suit their budget and investment goals. With the city's strong rental market and growing popularity as a travel destination, Old City presents a compelling opportunity for short-term rental investors.

Proximity to Work-Related Travel: 8/10

Old City's central location and excellent transportation links make it a convenient base for work-related travel. The neighborhood is just a short walk or ride from major hospitals like Jefferson University Hospital and Pennsylvania Hospital and the Pennsylvania Convention Center. Sports fans will appreciate the easy access to venues like the Wells Fargo Center and Lincoln Financial Field, both just a quick subway ride away.

X-Factor: 10/10

What sets Old City apart is its unparalleled sense of history and character. From the cobblestone streets and 18th-century architecture to the neighborhood's thriving arts and culture scene, Old City offers a one-of-a-kind experience that captivates residents and visitors alike. The area's strong sense of community, combined with its walkability, safety, and abundance of amenities, make it a highly desirable place to live, work, and invest.

9. Top Place to Invest in Philadelphia, Pennsylvania - Point Breeze

Point Breeze, a rapidly evolving neighborhood in South Philadelphia, has emerged as a hidden gem for real estate investment. With its rich history, diverse community, and growing array of amenities, Point Breeze offers a unique opportunity for investors looking to capitalize on the city's booming short-term rental market.

Point Breeze Airbnb Market Data:

• Occupancy Rate – 53%
• Average Revenue – $31.1K per year
• Average Daily Rate – $161.8 per night
• Average RevPAR – $86.6

Convenience: 7/10

Point Breeze's location in South Philadelphia provides residents with convenient access to public transportation, including the Broad Street Line subway and several bus routes. The neighborhood's proximity to major highways like I-95 and I-76 makes navigating the city and beyond easy. While the area is still developing, an increasing number of local businesses, grocery stores, and restaurants are popping up to serve the growing community.

Tourist Attractions: 6/10

As a primarily residential neighborhood, Point Breeze may not boast the same tourist attractions as some other parts of Philadelphia. However, the area's unique character and growing arts scene are beginning to draw visitors from across the city. The Point Breeze Pop-Up Garden, a seasonal outdoor space featuring food, drinks, and live music, has become a popular destination for locals and tourists alike.

Things to Do: 7/10

Point Breeze offers a growing number of things for residents and visitors to do. The neighborhood's thriving food scene includes a diverse mix of restaurants, cafes, and bars, from classic South Philly cheesesteaks to trendy vegan eateries. Residents can also enjoy outdoor activities at nearby parks like Wharton Square and Ralph Brooks Park, or explore the local arts scene at galleries and studios throughout the area.

Average Home Prices: 8/10

As of February 2024, the median home price in Point Breeze is $315,000, according to Zillow data. This represents a significant increase from previous years as the neighborhood continues to attract new development and investment. Despite the rising prices, Point Breeze still offers more affordable options compared to some other parts of Philadelphia, making it an attractive choice for investors looking to enter the market.

Proximity to Work-Related Travel: 7/10

Point Breeze's location in South Philadelphia provides reasonable access to work-related travel destinations. The neighborhood is approximately a 20-minute drive from major hospitals like the Hospital of the University of Pennsylvania and Jefferson Health. Center City, home to the Pennsylvania Convention Center and numerous corporate offices, is about a 15-minute drive or a 30-minute subway ride away. Sports venues like the Wells Fargo Center and Lincoln Financial Field are also easily accessible by car or public transit.

X-Factor: 8/10

Point Breeze's unique blend of history, diversity, and potential sets it apart. The neighborhood's rich heritage is evident in its architecture, with a mix of classic rowhomes and modern developments. Point Breeze's diverse community, which includes long-time residents and newcomers from various backgrounds, fosters a sense of inclusivity and vibrancy. As the area continues to evolve, with new businesses and amenities emerging, Point Breeze presents a compelling opportunity for investors to be part of its exciting transformation.

10. Top Place to Invest in Philadelphia, Pennsylvania - East Mount Airy

Nestled in the northwest section of Philadelphia, East Mount Airy is a charming and diverse neighborhood that perfectly blends urban convenience and suburban tranquility. With its tree-lined streets, historic homes, and a strong sense of community, East Mount Airy has become an increasingly attractive destination for both residents and short-term rental investors.

East Mount Airy Airbnb Market Data:

• Occupancy Rate – 62%
• Average Revenue – $22.6K per year
• Average Daily Rate – $99.7 per night
• Average RevPAR – $63.4

Convenience: 8/10

East Mount Airy boasts excellent accessibility, with easy access to public transportation, including the SEPTA Regional Rail and several bus routes. The neighborhood's proximity to major highways like I-76 and Route 309 makes it convenient for residents to commute to other parts of the city and beyond. East Mount Airy also offers a variety of local amenities, from grocery stores and pharmacies to restaurants and cafes, providing residents with all the essentials within reach.

Tourist Attractions: 6/10

While East Mount Airy may not be a primary tourist destination, the neighborhood's unique character and nearby attractions make it an appealing option for visitors. The Woodmere Art Museum, located just a short drive away, showcases an impressive collection of works by Philadelphia artists. The Morris Arboretum of the University of Pennsylvania, a stunning 92-acre Victorian garden, is also a popular spot for nature lovers and families.

Things to Do: 7/10

East Mount Airy offers a range of activities for residents and visitors alike. The neighborhood is home to several parks, including the Sedgwick Cultural Center, which hosts community events, workshops, and performances throughout the year. Foodies will appreciate the diverse dining options, from cozy cafes and ethnic eateries to upscale restaurants. The nearby Chestnut Hill neighborhood also offers a variety of boutiques, galleries, and entertainment venues for those looking to explore beyond East Mount Airy.

Average Home Prices: 8/10

As of February 2024, the median home price in East Mount Airy is $375,000, according to Zillow data. This represents a steady increase from previous years as the neighborhood continues to attract new residents and investors. Despite the rising prices, East Mount Airy still offers more affordable options compared to some other parts of Philadelphia, making it an attractive choice for those looking to enter the real estate market.

Proximity to Work-Related Travel: 7/10

East Mount Airy's location in northwest Philadelphia provides reasonable access to work-related travel destinations. The neighborhood is approximately a 25-minute drive from major hospitals like Einstein Medical Center and Temple University Hospital. Center City, home to the Pennsylvania Convention Center and numerous corporate offices, is about a 30-minute drive or a 45-minute train ride away. Sports venues like the Wells Fargo Center and Lincoln Financial Field are also accessible by car or public transit.

X-Factor: 9/10

Its strong sense of community and diversity sets East Mount Airy apart. The neighborhood is known for its welcoming atmosphere, where residents from various backgrounds come together to create a vibrant and inclusive community. East Mount Airy's historic architecture, featuring a mix of stately stone homes and charming twin houses, adds to its unique character and appeal. The neighborhood's commitment to preserving its green spaces and promoting sustainability also makes it an attractive option for environmentally conscious investors and residents.