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

The Zillow study was conducted last month.

Screen shot Zillow

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]

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