North Reading, MA—01864
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Reading, MA
North Reading, MA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Reading, MA
As of July '25, Rentcast reports the average rent in North Reading, MA is $2,530, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in North Reading, MA is studios: $1,660, 1-bedrooms: $2,350, 2-bedrooms: $2,880. The most common rental property sizes in North Reading, MA are 2-bedroom and 1-bedroom, accounting for 44.9% and 40.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,530 | $2,530 |
| Studio Rent | $1,600 | $1,660 |
| 1 Bed Rent | $2,420 | $2,350 |
| 2 Bed Rent | $2,790 | $2,880 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Reading, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Reading, MA is 27. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $810,000 | -7.0% |
Listing Count | 34 | -6.0% |
| Listings as % of Homes | N/A | -6.0% |
Days on Market | 27 | -26.0% |
Demographics — North Reading, MA
As of the latest ACS Survey released in 2023, North Reading, MA has a population of 15,600, which has remained stable by -0.1% over the past 5 years. North Reading, MA is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | -0.1% |
% Under 18 | 22.0% | 0.5% |
% Seniors | 14.3% | 2.1% |
% WFH | 24.1% | 346.3% |
% w/ College Degree | 55.5% | 10.3% |
As of the latest ACS Survey released in 2023, North Reading, MA is a predominantly white area, with 87.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in North Reading, MA is asian, making up 5.4% of the population. Foreign-born residents account for 7.2% of the population in North Reading, MA, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.3% | -2.8% |
% Black | 0.5% | -64.3% |
% Hispanic | 2.1% | 50.0% |
% Asian | 5.4% | 20.0% |
% Foreign Born | 7.2% | -10.0% |
Mortgage and Risk — North Reading, MA
According to HUD data as of 2023, there were 329 mortgage originations in North Reading, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in North Reading, MA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 329 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — North Reading, MA
North Reading, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $2,420 | $2,510 |
| 2 Bedroom | $190 | $2,790 | $2,980 |
| 3 Bedroom | N/A | N/A | $3,590 |
| 4 Bedroom | N/A | N/A | $3,950 |
Affordability — North Reading, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $151,000 |