Philadelphia is proving to be one of the most affordable markets for out-of-towners seeking single-family home ownership as its lower prices are ideal coastal market shoppers, according to real estate brokerage Redfin
Looking at what they can spend compared to the locals, Philly flashes the biggest gap in the first half of the year at 39% more, or $588,000 compared to $422,000 for existing citizens.
Based on Redfin searches, many who are looking to move to Philadelphia are coming from coastal job centers with higher salaries and more cash on hand than the locals looking to buy, Redfin said.
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