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Renting an Apartment in Chestnut Hill
What You Should Know
Chestnut Hill is a neighborhood in the Northwest Philadelphia section of the
United States city of Philadelphia, Pennsylvania. It is bounded by the
Wissahickon Gorge and Cresheim Valley. The area is an early "streetcar suburb"
of Philadelphia, and contains a wide variety of 19th and early 20th century
residential buildings. During the US Revolutionary War era (late 18th century),
the area was one of many summer vacation spots due to its higher elevation
(400-500 feet above sea level) and cooler temperatures than the historic Center
City. Chestnut Hill is still known as one of the more affluent sections of
Philadelphia.
Streetcar tracks still run down the decaying Belgian block paved main street of
the neighborhood, Germantown Avenue, but SEPTA, the local transit authority,
"temporarily suspended" regular trolley service in 1992. Trolleys still run on
special occasions, and two commuter rail lines and several bus lines still serve
the neighborhood. SEPTA has no serious plans to restore trolley service.
Housing in Chestnut Hill is very expensive for this region. In 2005, it had a
median home sale price of $397,500 - the highest of any Philadelphia
neighborhood outside of Center City. This price was a decline of 2% from its
2004 median price.