Reading, PA—19611
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 $228,000, with a year-over-year change of 5.5%. 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 | $228,000 | 5.5% |
| Single Family | $229,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 4.3% |
3 Bed | $226,000 | 4.6% |
4 Bed | $247,000 | 5.1% |
| 5 Bed | $238,000 | 6.2% |
% of Housing Stock
Rental Trends — Reading, PA
As of July '25, Rentcast reports the average rent in Reading, PA is $1,760, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Reading, PA is 1-bedrooms: $1,510, 2-bedrooms: $1,600, 3-bedrooms: $1,920, 4-bedrooms: $2,450. The most common rental property sizes in Reading, PA are 2-bedroom and 3-bedroom, accounting for 35.2% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,510 |
| 2 Bed Rent | $1,500 | $1,600 |
| 3 Bed Rent | $2,000 | $1,920 |
| 4 Bed Rent | $2,250 | $2,450 |
% 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 42. This is a increase of 9.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -2.0% |
Listing Count | 24 | 55.0% |
| Listings as % of Homes | 0.4% | 55.0% |
Days on Market | 42 | 9.0% |
Demographics — Reading, PA
As of the latest ACS Survey released in 2023, Reading, PA has a population of 11,200, which has increased by 5.9% over the past 5 years. Reading, PA is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | 5.9% |
% Under 18 | 26.1% | 7.4% |
% Seniors | 14.8% | -18.2% |
% WFH | 5.9% | 25.5% |
% w/ College Degree | 25.4% | 23.3% |
As of the latest ACS Survey released in 2023, Reading, PA is a predominantly hispanic area, with 46.1% of the population identifying as hispanic. The hispanic population has grown by 7.7% in the last 5 years. The second most common race or ethnicity in Reading, PA is white, making up 40.7% of the population. Foreign-born residents account for 10.9% of the population in Reading, PA, and this percentage has increased by 38.0% 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 | 40.7% | -12.1% |
% Black | 8.6% | -9.5% |
% Hispanic | 46.1% | 7.7% |
% Asian | 3.0% | 172.7% |
% Foreign Born | 10.9% | 38.0% |
Mortgage and Risk — Reading, PA
According to HUD data as of 2023, there were 181 mortgage originations in Reading, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Reading, PA. Investor activity is low, as 9.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Reading, PA
As of 2024, the percent of homes in Reading, PA under the Section 8 program is 3.7%. 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. In Reading, PA, 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 | 611 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$550 | $1,600 | $1,050 |
| 2 Bedroom | -$180 | $1,500 | $1,320 |
| 3 Bedroom | -$350 | $2,000 | $1,650 |
| 4 Bedroom | -$500 | $2,250 | $1,750 |
Affordability — Reading, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $228,000 |
| Median Household Income | $56,400 |