Local Investment Properties Sold Record Numbers Last Year; Specific ZIP Codes Proved Lucrative

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Image via Alena Darmel at Pexels.
Some areas of Bucks County's residential properties were more lucrative than others.

Investment properties sold at record levels nationwide and in the Philadelphia metro area last year, with some areas in Bucks County seeing more interest than others. Kevin Schaul and Jonathan O’Connell reported the shopping trend for The Washington Post.

In 2021, investors bought close to one in seven homes sold in the nation’s top metropolitan areas, which is the most in the past two decades. In the Philadelphia area, 15 percent of homes were bought by investors, a higher percentage than elsewhere in the nation.

Neighborhoods with a majority of Black residents garnered much attention, owing to undervalued or lower priced homes. Investors bought 30 percent of overall sold homes in majority Black neighborhoods last year, as opposed to 12 percent in other ZIP Codes.

In Bucks County, Doylestown was at the lower end of investor participation in the market. Just seven percent of the homes purchased here in 2021 were bought by investors. Meanwhile, in Tinicum, investors showed more interest by buying ten percent of homes.

Levittown had the highest share of homes bought by investors at 13 percent.

Read more about the recent, local trends of investment property in The Washington Post.

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