LOFT DISTRICT Real Estate

A distinct neighborhood where strikingly edgy and industrial architecture keeps the artistically savvy going.

The Loft District, also known as the neighborhood of Callowhill, is located between Vine Street and Spring Garden Street and 8th and Broad Streets. Its title is a fairly recent one, born from the loft style housing developers favored as they reconditioned many abandoned factories in the area. Despite the name, the Callowhill is somewhat less populated than the surrounding areas, mostly due to its geography and proximity to large buildings such as the Philadelphia Free Library.

Prior to becoming its current, quietly residential and commercial area, the Callowhill region was a hot bed of industrial activity. One of the original manufacturing companies of locomotives in the country, The Baldwin Locomotive Company, operated a massive factory in the neighborhood that employee large numbers of laborers. As the city changed the factory was moved, and today only a long, deep viaduct marks the transportation history that took place there.

Today the Loft District is a quiet and wide open place leading on the one hand up to the shops and restaurants of the Spring Garden and Fairmount areas and on the other hand down to Logan Square with its majestic public buildings.

LOFT DISTRICT - Town vs. County Stats

Avg Price in LOFT DISTRICT: $335,700 / County Avg $440,100

38%

Avg Taxes in LOFT DISTRICT: $3,000 / County Avg $17,100

9%

Avg Sq. Ft. in LOFT DISTRICT: 1,032 / County Avg 1,509

34%

Avg Price per/sqft in LOFT DISTRICT:$325 / County Avg $292

111%

Avg Walkscore in LOFT DISTRICT: 95 / County Avg 85

56%

Avg Year Built in LOFT DISTRICT: 1910 / County Avg 1946

49%

LOFT DISTRICT Real Estate Market Health

New Listings
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Short Sales