A neighborhood in South Philadelphia, Point Breeze, is named after an old amusement park, according to Plan Philly. The carousels are long gone, but the neighborhood is changing as new people move in and more restaurants open up – causing the value of houses in the area to climb.
To see how Point Breeze has changed recently, just take a look at the population: The number of people between the ages of 20 and 34 living in the neighborhood has increased by nearly 30 percent since 2011.
As this neighborhood becomes a more in-demand place to live, home values have shifted. According to The Pew Charitable Trusts, between 2010 and 2016, the median price of a home in the 19145 zip code (which makes up the southern part of the neighborhood) increased by 35 percent. Today, the average listing price in the Point Breeze area is $186,673, or $165 per square foot, and the average home sells for $4,792 less than the listed price.
Philadelphia is a beer-loving city, and Point Breeze happens is beer lover’s neighborhood. It’s home to several beer-focused bars and restaurants, including South Philly Tap Room and the recently opened Second District Brewing, which brews its own beer.
For those that prefer spending their days outdoors, this neighborhood has plenty of resources. It has several parks, including Wharton Square Park and Chew Playground, which has a swimming pool open in the summer.
For those looking to learn about the neighborhood’s history, recently renovated to better meet the needs of the modern library patron, the South Philadelphia Branch of the Free Library offers plenty of books and media to borrow, free Wi-Fi, comfortable seating and a community health resource center.
Getting Around Town
Whether you like to bike, walk, drive or take the subway or bus, this neighborhood is easy to navigate. The Broad Street Line subway runs north and south along the neighborhood’s eastern border. According to the Port Authority, the subway stops running around midnight on weekdays, but is replaced with shuttle buses at that time. And fortunately for night owls, the city started offering 24/7 subway service on weekends a few years ago.
According to Philidelphia Magazine, the neighborhood also has three bike stations for the city’s bike share program, Indego. Through this program, you can borrow a bike for a short time (usually 30 minutes to an hour), then return it to any other station in the city.
One thing that can be tricky about living in this neighborhood is getting groceries. There’s no big supermarket in the area, although there are little corner stores and smaller groceries. There is a farmers market in the neighborhood open on Wednesdays in the summer, giving residents access to locally grown fruits and vegetables.
Point Breeze today looks very different from how it was 10 years ago. It’s exciting to see what new developments and changes pop up in the neighborhood over the next decade. If you’re ready to call this part of South Philadelphia your home, check out more Philly-centric resources and other moving advice from Owners.com.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Owners.com, Altisource or any other Altisource® business or entity. The foregoing content is not intended to constitute, and in fact does not constitute, financial, investment, tax or legal advice by the author, Owners.com, Altisource or any other business or entity.
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