Best Places to Live in Philadelphia: Ranking the Neighborhoods Part 3

It’s back again! Time to rank more of the best neighborhoods in Philadelphia. In our first two installments we got an in-depth look at Northern Liberties, Fairmount, Queen Village, University City and Graduate Hospital. This time around we’re going to be exploring Old City  and Newbold. Just a quick refresher on the following criteria (on a scale of 1-10):

  • Culture: Access to culturally enriching events, exhibits and activities
  • Safety: The general safety and security of a neighborhood
  • Walkability: Easy to navigate by foot and/or access public transportation
  • nightlife: Different and unique bars, restaurants, clubs, events etc.
  • Value: Whether property values will rise for the foreseeable future

Old City

  • Culture: 9/10: Home to a plethora historical attractions, museums and over 40 galleries, Old City is truly the cultural center of Philadelphia!
  • Safety: 8/10: While relatively safer than many Philadelphia neighborhoods, Old City is a still a destination for the bridge and tunnel crowd. Expect to be dealing with tons of traffic and drunk weekend warriors at night.
  • Walkability: 10/10: With the Market Frankford Line running from Front Street all the way into the heart of West Philly (with a free transfer at City Hall), plus just a 20 minute walk from Center City West, Old City’s central location makes it the most walkable neighborhood in the city.
  • Nightlife: 6/10: While there is plenty to offer in Old City, it’s not for everyone. You can certainly find plenty of low key bars and intimate restaurant, but the neighborhood tends to exhibit more of a “wild night on the town” kind of vibe.
  • Value: 6/10: With a median listing price in the low $300s, Old City is one of them more expensive Philly neighborhoods. While the historic homes we well maintained, your dollar doesn’t go nearly as far as it would in an up and coming neighborhood like Graduate Hospital.

Final Score: 7.8/10

Newbold

  • Culture: 4/10: The recently christened neighborhood just east of Point Breeze and West of Broad is still very much in its infancy. While recent popularity can be attributed to the areas close proximity to Center City, the neighborhood as of right now still doesn’t have much in the way of “cultural activity” (although don’t be surprised if that changes very soon).
  • Safety: 3/10: While crime statistics could only be found on the entire 19146 zip code (of which Newbold is a small portion of, as well as part of 19145) the area within the zip code has seen 109 crimes year to date, compared to the 19130 zip code which had only 80. But the key difference is that 77 of those 109 crimes in the 19146 zip were considered violent (13 of the crime committed within 19130 were violent).
  • Walkability: 9/10: Located no more than three blocks from Broad street (and the Broad street subway line) and a ten minute walk from Center City and Bella Vista, Newbold’s walkability makes it a desirable neighborhood.
  • Nightlife: 5/10: There are a handful great restaurants and bars in Newbold, but they’re few and far between. The growing neighborhood offers great options for nightlife (including South Philly Tap Room), just not very many.
  • Value: 8/10: The median listing price of homes in the 19145 zip code is $138,630. While it’s difficult to predict exactly what the average property value will be in the next five years, my professional opinion is that buying low right now in Newbold is a wise move.

Final Score: 5.8/10

Do you agree with my neighborhood ratings for Old City and Newbold?

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This entry was published on April 10, 2012 at 4:23 pm. It’s filed under Philadelphia Real Estate and tagged , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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