Philadelphia

Philadelphia

Rank: 12
Price/rent ratio: 5.49
Median sales price: $61,000
Median rent: $986
Vacancy: 6.1%

Pros: The city has a relatively stable economy with many universities and hospitals. It is also the sixth-largest city in the U.S. with the fourth-highest gross domestic product.
Cons: There have been some job losses, particularly in manufacturing and professional/business services sectors. Vacancies have increased and this trend is expected to continue throughout the year.