October's First-Time Homebuyer Report for Somerton

Somerton is a neighborhood in Philadelphia with a median income of $56,726 per household. On top of being very affluent, it also ranks as the second-youngest with a median age of 47 years. The Somerton market mostly consists of detached houses, accounting for 56% of the current homes in the area. The best school in the neighborhood is Mast Community Charter School.

Culture

If you are interested in some outdoor fun, Foursquare says that Boyle Playground and Gifford Playground are the most popular places in Somerton. If you like the arts and entertainment, a popular spot is Top Hat Dance Studios. Lastly, Uzbekistan, Dunkin Donuts, and Golden Gate are well-known places to eat.

Price Range

The median value of homes in Somerton is $195,916, making it one of the most valuable areas in Philadelphia. At the same time, the average list price of available homes is presently $240,917. The number of home sales in the Somerton market climbed 4.3% to 24 homes over the last 30 days.

Make sure you take a look at these eye-catching homes in Somerton that generated the most views from potential buyers:

$249K   $238K   $225K  

Typical Dwelling

The typical dwelling in Somerton is a three-bedroom townhouse worth about $216,361. To purchase a similar home, a buyer with good credit and a $43,272 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,244 monthly payment. The property tax rate is $15.59 per $1,000 of taxable assessed value.

Get started right now by checking out Somerton homes for sale or reviewing Somerton real estate trends.


Data reported through 10/13/2016

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