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Updated about 6 years ago, 12/05/2018
Philadelphia Rental Rates???
Hello, so I am looking to invest in Philadelphia but am having trouble figuring out what I could get for rent.
Per the Section 8 map, they say they pay $900 for a 1 bedroom and $1090 for 2 beds and so on in most zip codes. I am looking to invest in fishtown, germantown, Kensington, west philly, and south philly. Generally in neighborhoods that have not seen a boom in development.
The problem is, from all my research I only see much lower rent rates such as $700 and $900 respectively . Do these houses only rent for top dollar if they are newly renovated .
Does anyone have experiences in philly and if so, what are you getting for rents? Any help would be greatly appreciated!