Reading, MA 01867 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Reading, MA—01867

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$878,000

2.0% YoY Growth

Household Income

$163,000

44.8% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$2,700

6.1% YoY Growth

1-Bed Rent

$2,300

11.0% YoY Growth

2-Bed Rent

$2,800

3.0% YoY Growth

3-Bed Rent

$3,800

0.0% YoY Growth

Home Price Trends — Reading, MA

As of Dec '25, the median home price in Reading, MA is $878,000, with a year-over-year change of 2.0%. This indicates that home prices in Reading, MA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$878,000	2.0%
Single Family	$926,000	2.4%
Condos	$576,000	3.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.4%

1 Bedroom

35.8%

2 Bedrooms

48.9%

3 Bedrooms

12.8%

5+ Bedrooms

1.1%

Property Listings — Reading, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Reading, MA is 37. This is a decrease of -2.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$906,000	8.0%
Listing Count	17	-19.0%
Listings as % of Homes	0.2%	-19.0%
Days on Market	60	1.0%

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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%

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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%

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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%

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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

Reading, MA—01867

Key Metrics at a Glance

Home Price Trends — Reading, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Reading, MA

% of Rental Stock

Property Listings — Reading, MA

Demographics — Reading, MA

Race and Ethnicity

Mortgage and Risk — Reading, MA

Mortgages

Rentals and Section 8 — Reading, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Reading, MA

Home Price to Income Ratio

Reading, MA — ZIP Code Boundary Map

Nearby ZIP Codes

North Reading, MA

Wakefield, MA

Stoneham, MA

Wilmington, MA

Woburn, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$878,000
Median Household Income	$163,000

Reading, MA—01867

Key Metrics at a Glance

Home Price Trends — Reading, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Reading, MA

% of Rental Stock

Property Listings — Reading, MA

Demographics — Reading, MA

Race and Ethnicity

Mortgage and Risk — Reading, MA

Mortgages

Rentals and Section 8 — Reading, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Reading, MA

Home Price to Income Ratio

Reading, MA — ZIP Code Boundary Map

Nearby ZIP Codes

North Reading, MA

Wakefield, MA

Stoneham, MA

Wilmington, MA

Woburn, MA

Frequently Asked Questions

What is the average home price in Reading, MA 01867?

How have home prices in Reading, MA 01867 changed over the past year?

What is the home price projection for Reading, MA 01867?

What are the demographics of Reading, MA 01867?

How long does it take homes to sell in Reading, MA 01867?

What is the average rent price in Reading, MA 01867?