Civic

Jun. 20, 2013 8:30 am

10 most expensive Philly neighborhoods for renters in May: Kwelia

Renters in Fitler Square paid an average of $2.41 per square foot last month. That makes it the most expensive neighborhood in the city for renters that month, according to real estate data analytics startup Kwelia.

A snapshot of Kwelia's rental pricing heatmap, using data from the month of May.

Renters in Fitler Square paid an average of $2.41 per square foot last month. That makes it the most expensive neighborhood in the city for renters that month, according to real estate data analytics startup Kwelia.

Compare that to East Passyunk, where renters pay $1.20 per square foot, and Fairmount, where renters pay $1.48 per square foot.

Read Kwelia’s analysis and find its list of the most expensive neighborhoods for renters in May here.

See how your neighborhood stacks up with Kwelia’s interactive tool here.

A three-person team based out of Rittenhouse Square coworking space Benjamin’s Desk, Kwelia analyzes data to give landlords and consumers a lay of the land, in terms of rental prices. Its first product is software that allows landlords to see prices of comparable properties so they can price their rental units competitively. The company is currently piloting the tool, said cofounder John Njoku.

DreamIt Ventures brought Kwelia to Philadelphia in the fall of 2011 and, after a six month stint in Chile with another accelerator, the company returned to the city. Because of the startup’s heavy data analytics focus, Philly’s many universities were a big draw, Njoku said.

An Akron, Ohio native, Njoku got his masters in real estate development at Columbia and his law degree from Stanford. The 31-year-old lives in Graduate Hospital.

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Juliana Reyes

Juliana Reyes began as lead reporter at Technical.ly Philly in July 2012. Previously, she was a city services beat reporter for the Philadelphia Daily News, as part of a project called “It’s Our Money.” She is learning to drive, learning to bike (in the city) but is an expert at taking SEPTA. She grew up in North Jersey and Manila, Philippines but she left the tropics for Bryn Mawr College, where she majored in linguistics. She now lives in West Philly.

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