Philadelphia has had high walkability scores for the past several years now. We have come in fourth, behind New York, San Francisco and Boston for the past two years. However, Philly was recently ranked the leading city in walkable new construction.
The Philadelphia new construction boom has been getting the city some serious national attention in recent months. So, it is not a surprise that Philadelphia comes in at number one for walkability and new construction, according to Redfin’s latest report.
According to Redfin, a residential real-estate company that provides web-based real-estate commentary and brokerage services, Philadelphia’s overall walkability score is a 78. Of all new homes built in Philly, 91% of them have a higher walkability score than the city’s average. Per Redfin Agent Tom Lewis, “Philly is on fire when it comes to walkable new construction…a lot of these new homes are in extremely walkable areas that are getting more walkable by the day; places like Northern Liberties , Fishtown, Frankford, South Philly and Point Breeze are seeing a lot of new construction activity. Buyers who are getting priced out of New York and Washington D.C. are flocking to Philly and developers are rushing to meet the demand. A lot of the new construction buildings are also mixed-use, which in turn is increasing walkability throughout the city.”
Though the average rent of the newly constructed homes comes in high for Philadelphia ($1795 per month), the price is more approachable for New Yorkers and those coming from the DC metropolitan area. Philadelphia’s affordable price points and walkable cityscape are making it an attractive choice for those looking to relocate.
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