Old City District offers plenty of entertainment and housing options
Real estate in Philadelphia, PA, may be struggling to rebound from the national housing crash seen in the past few years, but in certain areas, buying a home is still a sound financial investment.
The Old City District in the City of Brotherly Love draws an eclectic crowd of established and young professionals from all walks of life. Overall, Philadelphia has experienced a 12.2 percent decline in home values between the fourth quarter of 2008 and the fourth quarter of 2011, the Fiserv Case-Shiller Home Price Insights reports. However, values in Old City remain relatively high, with the median sales price for a home in the area at $624,055, ZipDataMaps reports.
If you want to relocate to an area where property values hold their own and entertainment opportunities exist around every corner, consider the Old City District. There are over 100 stores in Old City such as AKA Music (21 North 2nd Street), Charlies Jeans (233 Market Street) and Vagabond (37 North 3rd Street), as well as more than 100 local restaurants. Stop in at Amada, located on 217 Chestnut Street, when you're shopping for a home, and try the establishment's famous tapas menu.