Reading, MA—01867
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reading, MA
As of Oct '25, the median home price in Reading, MA is $888,000, with a year-over-year change of 1.6%. This indicates that home prices in Reading, MA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $888,000 | 1.6% |
| Single Family | $937,000 | 2.1% |
| Condos | $580,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $447,000 | 3.7% |
2 Bed | $653,000 | 3.0% |
3 Bed | $864,000 | 1.8% |
4 Bed | $1,088,000 | 2.9% |
| 5 Bed | $1,207,000 | 2.7% |
% of Housing Stock
Rental Trends — Reading, MA
As of July '25, Rentcast reports the average rent in Reading, MA is $2,920, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Reading, MA is studios: $1,800, 1-bedrooms: $2,220, 2-bedrooms: $2,900, 3-bedrooms: $3,660, 4-bedrooms: $5,620. The most common rental property sizes in Reading, MA are 2-bedroom and 1-bedroom, accounting for 48.9% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,920 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $2,300 | $2,220 |
| 2 Bed Rent | $2,800 | $2,900 |
| 3 Bed Rent | $3,800 | $3,660 |
| 4 Bed Rent | $5,050 | $5,620 |
% of Rental Stock
Property Listings — Reading, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Reading, MA is 37. This is a decrease of -14.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $809,000 | 18.0% |
Listing Count | 35 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 37 | -14.0% |
Demographics — Reading, MA
As of the latest ACS Survey released in 2023, Reading, MA has a population of 25,500, which has increased by 1.7% over the past 5 years. Reading, MA is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 65.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 1.7% |
% Under 18 | 23.3% | -2.1% |
% Seniors | 20.6% | 26.4% |
% WFH | 27.7% | 354.1% |
% w/ College Degree | 65.0% | 4.8% |
As of the latest ACS Survey released in 2023, Reading, MA is a predominantly white area, with 85.9% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Reading, MA is asian, making up 6.2% of the population. Foreign-born residents account for 8.9% of the population in Reading, MA, and this percentage has increased by 2.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.9% | -5.7% |
% Black | 0.3% | 0.0% |
% Hispanic | 4.6% | 64.3% |
% Asian | 6.2% | 31.9% |
% Foreign Born | 8.9% | 2.3% |
Mortgage and Risk — Reading, MA
According to HUD data as of 2023, there were 433 mortgage originations in Reading, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Reading, MA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 433 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Reading, MA
As of 2024, the percent of homes in Reading, MA under the Section 8 program is 19.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Reading, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 327 |
Total Units Section 8 | 308 |
% Rentals under Section 8 | 19.1% |
% Occupied Section 8 | 95.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $2,300 | $2,140 |
| 2 Bedroom | -$250 | $2,800 | $2,550 |
| 3 Bedroom | -$720 | $3,800 | $3,080 |
| 4 Bedroom | -$1,660 | $5,050 | $3,390 |
Affordability — Reading, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $888,000 |
| Median Household Income | $163,000 |