Parking Options in Philly: What Homebuyers Need to Know

Philadelphians love their cars. Despite having a robust transit system in Philadelphia that includes bus, trolley, subway, and regional rail options, residents still enjoy the benefits of owning their own vehicles. 

For example, it’s much easier to drive from Northeast Philadelphia to Mt. Airy than taking public transportation. There’s also the convenience factor, as well as privacy — you don’t have to interact with other people during your commute when you’re in your own car. 

As the City of Brotherly Love continues to add residents, more cars are hitting the roadways and exacerbating traffic. While traffic isn’t as bad as in other major metropolises such as Los Angeles or New York City, it is an ongoing issue in Philly. And so is parking! 

If you are in the market to purchase a home in Philadelphia, parking will be a consideration. Below we’ve outlined key options for parking in Philadelphia.

Free Parking in Philadelphia

Depending on the neighborhood, free street parking can be difficult to find. As many neighborhoods across the city fill in with new homes and residents, the Philadelphia Parking Authority (PPA) has converted some streets from unrestricted free parking to permit parking. So if you find a home in an area with ample free street parking, consider that a plus!

However, free street parking in Philadelphia also carries some risk. Vehicles parked on the street, especially near loading zones, can get damaged by bicycles, skateboarders, moving, trash or delivery trucks or errant drivers. Try to park as close to the curbs as possible, but be aware that your chariot may still get a few nicks and scrapes from time to time.

Parking Permits with the Philadelphia Parking Authority

For properties that don’t offer dedicated parking options, fret not! Residential parking permits issued by the PPA are a wonderful option! 

For $35 per year, your automobile can rest on the street near your home in a designated permit parking zone. Just make sure you pay close attention to all posted signs to avoid a parking ticket.

One consideration is that by 2023 Mayor Kenney will be instituting a comprehensive street sweeping program. While this is great for keeping city streets clean, car owners will need to keep the schedule in mind and move their vehicles when necessary to accommodate the street cleaners.

Philly Properties with Garages, Assigned Spots, or Driveways

Alternatively, you may wish to purchase a home with parking included — such as a garage, driveway, or dedicated parking spot. Or you might consider a property in a building or complex that has an attached parking garage or lot where you’ll get an assigned or deeded spot. 

Either way, you’ll be sure to save time by not circling around aimlessly in search of that elusive parking place! Of course you’ll have to pay for the privilege as homes with a garage trade upwards of $25-$100K more than comparable homes that don’t have a garage (depending on the location of course).

Off-Site Garages

Of course, it may be possible to rent a monthly spot from a nearby garage or friendly neighbor who has a vacancy. Some garages, like the Parkominium in Old City, might even sell you a parking spot. 

Either way, you’ll pay for the privilege. But time is money, and you’ll be sure to save time by not driving around looking for a needle in an increasingly competitive haystack.

Prices vary widely by location, with a monthly garage rental in Center City costing anywhere from about $200 all the way up to close to $400 per month. Whereas in Roxborough or Fishtown you might find a monthly spot on Craigslist for $100-$150 per month or so. Be sure to vet all property owners to make sure your car will be safe in its new spot.

Parking in Philly doesn’t have to be a battle. As you scout properties, take the time to see what parking options are available nearby. A little planning early on can make the daily commute a lot easier once you’ve made the move into your new home.