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Philadelphia

Philadelphia, is the largest city in the Commonwealth of Pennsylvania, the second largest city on the United States' east coast, and is the fifth most populous city in the country. With an estimated population of 1.6 million, it is the United States' sixth-largest metropolitan area. The city is the center of economic activity in the whole state of Pennsylvania, and is home to the Philadelphia Stock Exchange, as well as several Fortune 500 companies. Nicknamed the "City of Brotherly Love", it's largely known for its historic significance, arts and culture.

Philadelphia Real Estate

The city of Philadelphia has an average listing price of $215,953, with an median sales price of $152,000. It most active and popular neighborhoods include: Bella Vista/Southwark, Fairmount/Art Museum, West Mount Airy, Center City East, and Northeast Philadelphia. The average home value in the city of Philadelphia is $104,200. The average price per square foot for Philadelphia PA is approximately $157, an increase of 0.6 percent compared to the same period last year.

Architecture

Because of the age of Philadelphia, the city has a very diverse style in its residential dwellings. In the city, townhomes, condominiums, apartments and rowhouses are common, more so than traditional, free standing single family. However, other floor plans include Cape Cod, ranch, cottage and bungalow, as well as Victorian and many other styles. Like other densely populated cities, residential dwellings are built close to one another, such as duplexes, and brownstones.

Climate

Being situated in the northeast, Philadelphia summers are generally hot and humid. Fall and spring are typically mild, and winters are cold. Snowfall varies from year to year, with some winters bringing only light snow and others bringing several major snowstorms. Temperatures in the summer can reach into the upper 80s and even into the 90s, while overnight lows in the winter can dip below freezing.

Demographics

The city of Philadelphia is diverse in its population, with the United States Census estimating that 41 percent of its citizens are white, 43.4 percent black, 12.3 percent Latino or Hispanic, 6.3 percent Asian, nearly 6 percent some other race, and 2.8 percent are from two or more races. The average population density was 11,457 people per square mile in the year 2010.

Main Attractions

Philadelphia is rich in its history, but also is home to many destinations. Popular attractions include: the Philadelphia Zoo, the Philadelphia Museum of Art, the Liberty Bell, the Franklin Institute, Reading Terminal Market, the Mann Center for the Performing Arts, Independence Hall, Citizens Bank Park, Lincoln Financial Field, and the Mutter Museum. Other popular attractions include: The Barnes Foundation, Kimmel Center for the Performing Arts, Eastern State Penitentiary, and the Pennsylvania Academy of the Fine Arts.

Transportation

Philadelphia is served by the Southeastern Pennsylvania Transportation Authority or SEPTA,, which operates buses, trains, rapid transit, trolleys, and trackless trolleys throughout the city. The city is generally easy to navigate, and many of its residents own cars compared to other major metropolitan areas. Congestion in the city is a regular occurrence, but many residents use public transportation or walk.

Economy

In 2010, the last year available for measurement, Philadelphia area had a total gross metropolitan product of $347 billion, according to the Bureau of Economic Analysis. The city of Philadelphia the seventh-largest metropolitan economy in the United States. Philadelphia has many economic sectors, which include such things as information technology, manufacturing, oil refining, food processing, healthcare and biotechnology, tourism and financial services.