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Reading, PA—19608

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$393,000
1.4% YoY Growth
Household Income
$112,000
33.3% YoY Growth
Days on Market
29
21.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$1,720
4.0% YoY Growth
1-Bed Rent
$1,640
1.2% YoY Growth
2-Bed Rent
$1,400
23.2% YoY Growth
3-Bed Rent
$2,100
5.0% YoY Growth

Other Zip Codes in Reading, PA

1961119605196011960219604196071960919606
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Reading, PA

As of May '26, the median home price in Reading, PA is $393,000, with a year-over-year change of 1.4%. This indicates that home prices in Reading, PA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$393,0001.4%
Single Family $398,0001.5%
Condos $251,0000.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$272,0001.9%
    3 Bed
    		$328,0001.2%
    4 Bed
    		$469,0001.1%
    5 Bed $605,9681.7%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    4.3%
    2 Bedrooms
    13.7%
    3 Bedrooms
    39.6%
    4 Bedrooms
    36.5%
    5+ Bedrooms
    5.4%

    Rental Trends — Reading, PA

    As of July '25, Rentcast reports the average rent in Reading, PA is $1,910, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Reading, PA is studios: $1,300, 1-bedrooms: $1,640, 2-bedrooms: $1,490, 3-bedrooms: $2,100, 4-bedrooms: $4,500. The most common rental property sizes in Reading, PA are 2-bedroom and 3-bedroom, accounting for 39.7% and 31.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,720$1,910
    Studio Rent $1,300$1,300
    1 Bed Rent $1,640$1,640
    2 Bed Rent $1,400$1,490
    3 Bed Rent $2,100$2,100
    4 Bed Rent $4,500$4,500
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    % of Rental Stock

    Studio
    3.0%
    1 Bedroom
    19.9%
    2 Bedrooms
    39.7%
    3 Bedrooms
    31.4%
    4 Bedrooms
    6.0%

    Property Listings — Reading, PA

    As of May '26, Realtor.com reports that the median days on market for a home in Reading, PA is 29. This is a decrease of -21.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$575,0003.0%
    Listing Count
    		5816.0%
    Listings as % of Homes0.5%16.0%
    Days on Market
    		29-21.0%
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    Demographics — Reading, PA

    As of the latest ACS Survey released in 2023, Reading, PA has a population of 24,000, which has increased by 5.7% over the past 5 years. Reading, PA is a moderately popular place for families, as children make up 21.7% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,0005.7%
    % Under 18
    		21.7%-13.2%
    % Seniors
    		17.8%11.9%
    % WFH
    		10.1%146.3%
    % w/ College Degree
    		46.4%19.9%
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    As of the latest ACS Survey released in 2023, Reading, PA is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Reading, PA is hispanic, making up 11.3% of the population. Foreign-born residents account for 9.0% of the population in Reading, PA, and this percentage has increased by 45.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.0%-1.4%
    % Black
    		4.3%-44.2%
    % Hispanic
    		11.3%18.9%
    % Asian
    		4.5%36.4%
    % Foreign Born
    		9.0%45.2%
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    Mortgage and Risk — Reading, PA

    According to HUD data as of 2023, there were 574 mortgage originations in Reading, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Reading, PA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		574
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Reading, PA

    As of 2024, the percent of homes in Reading, PA under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Reading, PA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		47
    Total Units Section 8
    		21
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		72.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$190$1,640$1,450
    2 Bedroom$430$1,400$1,830
    3 Bedroom$180$2,100$2,280
    4 Bedroom-$2,070$4,500$2,430

    Affordability — Reading, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$393,000
    Median Household Income$112,000

    Reading, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    19609

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    Frequently Asked Questions