{"id":2534,"date":"2024-04-29T16:45:58","date_gmt":"2024-04-29T21:45:58","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2534"},"modified":"2024-10-08T12:12:11","modified_gmt":"2024-10-08T17:12:11","slug":"best-neighborhoods-for-flipping-houses-in-philadelphia","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-neighborhoods-for-flipping-houses-in-philadelphia\/","title":{"rendered":"Best Neighborhoods for Flipping Houses in Philadelphia"},"content":{"rendered":"\n

Curious to know which neighborhoods in Philadelphia<\/a> were best for flipping houses? We were. After looking at thousands of homes that have been bought and sold within 90-365 days (the same property exchanging hands twice between 90-365 days), we narrowed it down to these neighborhoods based on return on investment. After perusing this list, successful home flipping depends on finding cheap homes for sale,\u00a0here\u2019s where to find them in Philadelphia<\/a>.<\/p>\n\n\n\n

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Here is Tomo’s list of best neighborhoods in Philadelphia for flipping houses.<\/strong><\/p>\n\n\n\n

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Rank<\/th>Neighborhood<\/th>Avg. Initial Purchase Price<\/th>Avg. Resale Price<\/th>Avg. % Change<\/th><\/tr><\/thead>
1<\/td>Morton<\/a><\/td>$206K<\/td>$471K<\/td>145%<\/td><\/tr>
2<\/td>Norristown<\/a><\/td>$160K<\/td>$303K<\/td>143%<\/td><\/tr>
3<\/td>West Oak Lane<\/a><\/td>$121K<\/td>$282K<\/td>137%<\/td><\/tr>
4<\/td>Darby<\/a><\/td>$95K<\/td>$207K<\/td>136%<\/td><\/tr>
5<\/td>Nicetown<\/a><\/td>$78K<\/td>$170K<\/td>130%<\/td><\/tr>
6<\/td>Folcroft<\/a><\/td>$111K<\/td>$240K<\/td>121%<\/td><\/tr>
7<\/td>Olney – Oak Lane<\/a><\/td>$124K<\/td>$244K<\/td>119%<\/td><\/tr>
8<\/td>Sharon Hill<\/a><\/td>$125K<\/td>$257K<\/td>116%<\/td><\/tr>
9<\/td>Chestnut Hill<\/a><\/td>$417K<\/td>$899K<\/td>115%<\/td><\/tr>
10<\/td>Holmes<\/a><\/td>$174K<\/td>$353K<\/td>106%<\/td><\/tr>
11<\/td>Carroll Park<\/a><\/td>$140K<\/td>$257K<\/td>104%<\/td><\/tr>
12<\/td>North Philadelphia<\/a><\/td>$119K<\/td>$231K<\/td>102%<\/td><\/tr>
13<\/td>Ceadarbrook<\/a><\/td>$155K<\/td>$306K<\/td>100%<\/td><\/tr>
14<\/td>Marcus Hook<\/a><\/td>$129K<\/td>$229K<\/td>99%<\/td><\/tr>
15<\/td>Upper Chichester<\/a><\/td>$129K<\/td>$229K<\/td>99%<\/td><\/tr>
16<\/td>Bridesburg<\/a><\/td>$131K<\/td>$254K<\/td>97%<\/td><\/tr>
17<\/td>Germantown East<\/a><\/td>$219K<\/td>$389K<\/td>94%<\/td><\/tr>
18<\/td>East Falls<\/a><\/td>$186K<\/td>$342K<\/td>86%<\/td><\/tr>
19<\/td>Wissinoming<\/a><\/td>$133K<\/td>$232K<\/td>81%<\/td><\/tr>
20<\/td>Pottstown<\/a><\/td>$179K<\/td>$291K<\/td>77%<\/td><\/tr>
21<\/td>Springfield<\/a><\/td>$320K<\/td>$538K<\/td>77%<\/td><\/tr>
22<\/td>Drexel Hill<\/a><\/td>$219K<\/td>$368K<\/td>75%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

What to know more about flipping homes?<\/h3>\n\n\n\n

Finding a cheap home for sale can be a challenge, so we complied listings of cheap homes for sale in Philadelphia<\/a> to make your flipping venture a bit easier. If you are looking for tips, look no further than House Flipping Flops<\/a> for what NOT to do, or our House Flipping 101 Guide.<\/a><\/p>\n\n\n\n

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\"\"<\/div>

Joelle Andersen<\/p><\/div><\/div>\n\n

Joelle has worn many hats in her professional career, which included stints at companies such as Time Inc., CNN and Zillow. She loves real estate and is always looking for that perfect investment property. A self-proclaimed interior designer, she lives in a suburb of NY with her architect husband, 4 children and 2 cats.<\/div>\n\n\n
<\/div>\n\n\n\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

The potential for high returns on investment in certain Philadelphia neighborhoods cannot be ignored…<\/p>\n","protected":false},"author":24,"featured_media":2545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/philadelphia-pa-home-flips-tomo-1-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2534"}],"version-history":[{"count":5,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2534\/revisions"}],"predecessor-version":[{"id":3953,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2534\/revisions\/3953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2545"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}