Mary K. Jacob at the New York Post:

New Yorkers fed up with sky-high housing costs are setting their sights on a new, but not far away, destination — Philadelphia. 

A new report from listings portal StreetEasy reveals that the City of Brotherly Love, just 90 minutes from New York, has officially surpassed Miami as the most popular out-of-state metro where New Yorkers are looking to move. That’s big, considering the Sunshine State — especially during and after the COVID-19 pandemic — drew in New Yorkers in droves, due to lower costs and open schools.

…

While Florida remains a strong contender — Miami, Tampa, and Orlando all made the top 10 list — Philadelphia’s lower cost of living and close cultural ties to New York are proving irresistible. That’s not to mention Philly’s winning food scene.

The study also says that New York is the number one metro area where Philadelphia-area residents are searching for real estate, so it goes both ways.

The blurb:

Coming in at number one is Philly, unseating Miami as both the top metro searching for homes in the NYC area and the top metro where New Yorkers are searching for homes. Maybe it’s the Amtrak delays or the anticipation of another Super Bowl evening of greased pole climbers on Broad Street, but there’s something about the City of Brotherly Love that has its residents looking to trade their big city for an even bigger one. Though we have to admit, as the number one destination where New Yorkers are searching (and one of Zillow’s hottest markets of 2025), Philly must have some great things to offer — primarily its $1,700 typical asking rent and $256,000 median asking price.

Obviously a bunch of Philly people end up in New York because it’s relatively close and a lot of jobs take you in that direction. But why do New Yorkers want to come here? Because it’s affordable. $1,700 average rent and “affordable” houses. One thing that was noticeable was during COVID, all of those yuppies were trying to escape their $5,000 Manhattan rental and came down here and said “oh wow, this house is only $600,000, what a steal!” It was a steal because you gotta pay an arm and a leg to live in a shoe box up there. The developers caught wind of that and built these ridiculous new constructions, like the $1.25 million Fishtown house, thinking some New York suckers were gonna come down and buy it. Update – that property still hasn’t sold. It was delisted and then re-listed at a price of $895,000. Get it while it’s hot!