Morning Headlines: Home Values In Greater Philadelphia Area Have Gone Up, And Expected to Keep Rising

The Zillow study was conducted last month.

The national average for home values may be $174,800, but Philly’s is higher. Here, the median home value is $199,200, a number which Zillow says is the result of a sneaky 3.3% spike every year.

According to the report, Greater Philadelphia Area home values are 13.9% higher than the rest of the country. Using this data, Zillow predicts a 0.9% rise in area home prices “over the next year (July 2014-July 2015)”.

Philadelphia home values up 4.6 percent in past year, says Zillow [Business Journal]

In other news…

“Protect our character!” Lower Northwest District Plan taking shape [PlanPhilly]

For Sale: Bottom Dollar grocery stores – report [PhillyDeals]

Boxers PHL puts on its game face [Philly Living]

We Asked 5 Cities: When Are You Getting Late-Night Subway Service? [Next City]