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Real Estate Prices & Overview

Wissahickon median real estate price is $519,705, which is more expensive than 83.1% of the neighborhoods in Pennsylvania and 66.0% of the neighborhoods in the U.S.

The average rental price in Wissahickon is currently $2,612, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 84.3% of the neighborhoods in Pennsylvania.

Wissahickon is a densely urban neighborhood (based on population density) located in Philadelphia, Pennsylvania.

Wissahickon real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) townhomes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Wissahickon neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Wissahickon are 4.0%, which is lower than one will find in 73.6% of American neighborhoods. Demand for real estate in Wissahickon is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Philadelphia, the Wissahickon neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Wissahickon neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Wissahickon neighborhood: a neighborhood in which more "urban sophisticates" live than 97.2% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals and highly educated executives.

Real Estate

If you love row houses and attached homes, you will probably really like the Wissahickon neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 47.6% of the residential real estate here is classified as row houses and attached homes.

In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Wissahickon neighborhood is one of the most walkable neighborhoods in America.

Diversity

Did you know that the Wissahickon neighborhood has more Ukrainian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Ukrainian ancestry and 5.4% have Scottish ancestry.

Wissahickon is also pretty special linguistically. Significantly, 11.4% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.6% of the neighborhoods in America.

Migration / Stability

Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Wissahickon neighborhood. In the Wissahickon neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Wissahickon neighborhood in Philadelphia are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Wissahickon neighborhood, 61.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 18.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.2%), and 9.9% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Wissahickon neighborhood is English, spoken by 90.0% of households. Other important languages spoken here include Polish, Spanish and Chinese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Wissahickon neighborhood in Philadelphia, PA, residents most commonly identify their ethnicity or ancestry as German (19.8%). There are also a number of people of Irish ancestry (16.5%), and residents who report Polish roots (10.2%), and some of the residents are also of English ancestry (10.1%), along with some Italian ancestry residents (9.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Wissahickon neighborhood spend between 15 and 30 minutes commuting one-way to work (29.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.6%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (7.6%) and 6.9% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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