A Look at the Pennsport Real Estate Scene

Pennsport, in South Philadelphia, is one of the city’s hottest neighborhoods. From parks to new restaurants, take a look at what life looks like in Pennsport and at what’s attracting new buyers to the neighborhood.

For years, the South Philadelphia neighborhoods you heard the most about were Point Breeze and East Passyunk. Today, there’s a new hip and up-and-coming neighborhood in South Philly, Pennsport. Stretching from 5th Street to the Delaware River, Pennsport is home to long-time owners as well as a recent influx of new buyers. It was named 2015’s Neighborhood of the Year by readers of the blog Curbed. Find out what draws people to Pennsport real estate.

Average Cost of Housing

Pennsport real estate is a good mix of rowhouses, multi-family housing, and single family homes. The average listing price for a rowhouse is $394,244, while the average listing price for a single family home is $695,000. Housing prices vary considerably throughout the neighborhood, though. Properties that are closer to Center City tend to have higher listing prices, while houses that are further south tend to have lower prices.

New Construction

Part of the appeal of Pennsport is the bevy of new construction to hit the area recently. After languishing unused for years, the hospital between 4th and 5th Streets is finally in the process of being torn down. New rowhomes are being built on the site and are selling at a brisk pace. New homes are also being built in formerly vacant lots throughout the neighborhood or in place of houses that were worn down.

Lots of Transit Options

Although street parking is ample in the neighborhood, it’s also an ideal place to live for people who prefer to be car-free. The neighborhood has a WalkScore of 92, meaning you can do most of your daily errands on foot. There are also a number of bus routes that crisscross the neighborhood. SEPTA bus route 57 will take you up to Center City and North Philadelphia and down to the Whitman Plaza shopping center, deeper in South Philadelphia. The route 64 bus heads over into West Philadelphia, while the route 7 bus runs along the eastern edge of neighborhood, across South Philly, and back up to Center City and North Philly on 22nd Street. If you prefer to bike, there’s an Indego bike share station on the edge of Dickinson Square Park.

Plenty of Amenities

Pennsport has a strong community and plenty of amenities on offer for residents. Dickinson Square Park has an engaged Friends group that helps to keep the park clean and organizes events in it. A few regular events in the park include a farmers’ market on Sundays in the summer, outdoor movie nights, and yoga in the park.

Dickinson Square is not the only park in the neighborhood. Herron Park, at 2nd and Reed Streets, has playground equipment, a basketball court, and a rain garden. A highlight of the park is the sprayground, which is on in the summer.

As more people move into Pennsport, additional restaurants and eateries have opened up. The entirely vegan Grindcore House is the neighborhood’s coffee shop. Federal Donuts serves the popular combination of donuts and fried chicken. Two well-known restaurants and bars, the Industry and Moonshine, are a few blocks away from each other on Moyamensing Avenue.

New construction, new faces, and plenty of things to do make Pennsport one of Philly’s most exciting neighborhoods. People who have lived there for years and people moving there for the first time are enjoying the growth and expansion of Pennsport.

[cf]skyword_tracking_tag[/cf]

Subscribe to Blue Matter and get the latest updates

The Revitalization of Manayunk
Use This Real Estate Buying Guide to Prep for Finding Your New Home