North Reading, MA 01864 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Reading, MA—01864

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$702,000

N/A

Household Income

$151,000

18.9% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$2,530

8.0% YoY Growth

1-Bed Rent

$2,420

6.4% YoY Growth

2-Bed Rent

$2,790

3.7% YoY Growth

3-Bed Rent

N/A

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

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

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% of Rental Stock

Studio

5.3%

1 Bedroom

40.2%

2 Bedrooms

44.9%

3 Bedrooms

2.4%

4 Bedrooms

3.4%

5+ Bedrooms

3.8%

Property Listings — North Reading, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in North Reading, MA is 44. This is a decrease of -23.0% 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 52.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$702,000	6.0%
Listing Count	26	1.0%
Listings as % of Homes	N/A	1.0%
Days on Market	47	-10.0%

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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%

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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%

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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%

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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

North Reading, MA—01864

Key Metrics at a Glance

Home Price Trends — North Reading, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Reading, MA

% of Rental Stock

Property Listings — North Reading, MA

Demographics — North Reading, MA

Race and Ethnicity

Mortgage and Risk — North Reading, MA

Mortgages

Rentals and Section 8 — North Reading, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — North Reading, MA

Home Price to Income Ratio

North Reading, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Reading, MA

Lynnfield, MA

Middleton, MA

Wilmington, MA

Wakefield, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$151,000

North Reading, MA—01864

Key Metrics at a Glance

Home Price Trends — North Reading, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Reading, MA

% of Rental Stock

Property Listings — North Reading, MA

Demographics — North Reading, MA

Race and Ethnicity

Mortgage and Risk — North Reading, MA

Mortgages

Rentals and Section 8 — North Reading, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — North Reading, MA

Home Price to Income Ratio

North Reading, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Reading, MA

Lynnfield, MA

Middleton, MA

Wilmington, MA

Wakefield, MA

Frequently Asked Questions

What is the average home price in North Reading, MA 01864?

How have home prices in North Reading, MA 01864 changed over the past year?

What is the home price projection for North Reading, MA 01864?

What are the demographics of North Reading, MA 01864?

How long does it take homes to sell in North Reading, MA 01864?

What is the average rent price in North Reading, MA 01864?