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Updated over 4 years ago on . Most recent reply

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36
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1
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Jon Pacitto
  • Media, PA
1
Votes |
36
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Drexel Hill, PA/Upper Darby, PA

Jon Pacitto
  • Media, PA
Posted

I'm looking to purchase a single family in either of these ares, preferably Drexel Hill, and am curious if anyone in the area knows much about the rental market in those neighborhoods? I've heard trying to sell a home for any sort of profit has little to no chance of actual success. However, if the rental market is strong I would be more willing to think about a purchase if its rental potential is very high. Please let me know what you think, thank you!

Most Popular Reply

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167
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64
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Zachary Paul
  • Real Estate Agent
  • Philadelphia, PA
64
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167
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Zachary Paul
  • Real Estate Agent
  • Philadelphia, PA
Replied

@Jon Pacitto - As you know, every market has its pros and cons. 

When I have assessed the Drexel Hill and Upper Darby markets, for me, the Property Taxes seemed to be much higher than some of the other areas you mentioned (i.e. Manayunk, Rox, etc) along with lower average rents. 

With that being said, property prices overall are lower than other Greater Philadelphia markets.

Are you looking for only single family properties to use as a rental or to house hack? 

I'm a licensed real estate agent based in King of Prussia, but cover Chester, Montgomery, Delaware, and Philadelphia counties. Let me know if you have any questions or if I can be of assistance. 

Best of luck. 

Zach 

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