Reading, PA—19609
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reading, PA
As of Oct '25, the median home price in Reading, PA is $282,000, with a year-over-year change of 5.1%. This indicates that home prices in Reading, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 5.1% |
| Single Family | $283,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 4.0% |
3 Bed | $271,000 | 5.0% |
4 Bed | $333,000 | 3.4% |
| 5 Bed | $386,000 | 2.7% |
% of Housing Stock
Rental Trends — Reading, PA
As of July '25, Rentcast reports the average rent in Reading, PA is $1,730, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Reading, PA is 1-bedrooms: $1,450, 2-bedrooms: $1,300, 3-bedrooms: $2,280. The most common rental property sizes in Reading, PA are 2-bedroom and 3-bedroom, accounting for 61.1% and 17.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,520 | $1,450 |
| 2 Bed Rent | $1,200 | $1,300 |
| 3 Bed Rent | $2,500 | $2,280 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Reading, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Reading, PA is 32. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -3.0% |
Listing Count | 29 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 32 | 7.0% |
Demographics — Reading, PA
As of the latest ACS Survey released in 2023, Reading, PA has a population of 10,000, which has decreased by -3.0% over the past 5 years. Reading, PA is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,000 | -3.0% |
% Under 18 | 22.3% | 1.4% |
% Seniors | 19.0% | 11.1% |
% WFH | 12.3% | 355.6% |
% w/ College Degree | 37.5% | 16.8% |
As of the latest ACS Survey released in 2023, Reading, PA is a predominantly white area, with 72.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Reading, PA is hispanic, making up 19.8% of the population. Foreign-born residents account for 9.1% of the population in Reading, PA, and this percentage has increased by 9.6% 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 | 72.4% | -3.9% |
% Black | 5.6% | 7.7% |
% Hispanic | 19.8% | 14.5% |
% Asian | 1.7% | -34.6% |
% Foreign Born | 9.1% | 9.6% |
Mortgage and Risk — Reading, PA
According to HUD data as of 2023, there were 259 mortgage originations in Reading, PA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Reading, PA. 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 | 259 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Reading, PA
Reading, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,520 | $1,310 |
| 2 Bedroom | $450 | $1,200 | $1,650 |
| 3 Bedroom | -$440 | $2,500 | $2,060 |
| 4 Bedroom | N/A | N/A | $2,190 |
Affordability — Reading, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $282,000 |
| Median Household Income | $80,700 |