An eventful history, strong economy, and scenic beauty are among the many reasons people flock to Pennsylvania to buy homes. This is what makes it an exciting market for fix-and-flip deals with Philadelphia being one of the most popular regions in the state.
The state’s median home value was calculated at $161,100 in September 2017 and is projected to grow 2.4% in a year. Apart from this, the state has also been witnessing a decline in ‘days on market’ which indicates the gap between the time a home is put on sale and is actually sold. A decline in this parameter is indicative of healthy demand from homebuyers.
Why Pennsylvania is Exciting for Homeowners
Pennsylvania has 140 miles of shoreline with the Appalachian Mountains running through the middle. This creates a unique kind of scenic aesthetic. No wonder the state is the sixth most populous in the country.
The state is home to a number of Fortune 500 companies and is a significant contributor to the nation’s GDP.
Located at Pennsylvania’s southeast corner is Philadelphia, which is the largest city in the state. The region is famous for its many educational institutions and universities, and has evolved into an educational as well as economic hub. In fact, it is the fourth largest city in the nation in terms of GDP. The city is known for its skyscrapers as well as for its historical landmarks.
Check out investable properties in Pennsylvania. Contact us to know how fixing and flipping properties in the state can benefit you.