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  1. Home
  2. /Browse ZIP Codes
  3. /Massachusetts
  4. /Reading, MA - 01867

Reading, MA—01867

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$930,000
3.0% YoY Growth
Household Income
$163,000
44.8% YoY Growth
Days on Market
14
26.0% Shorter YoY
Home Price Forecast
1.0%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Reading, MA

As of May '26, the median home price in Reading, MA is $930,000, with a year-over-year change of 3.0%. This indicates that home prices in Reading, MA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$930,0003.0%
Single Family $982,0003.0%
Condos $593,0002.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $452,000
    1.6%
    2 Bed
    		$672,0003.2%
    3 Bed
    		$902,0003.2%
    4 Bed
    		$1,146,0003.4%
    5 Bed $1,268,4603.6%
    Loading chart...

    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    8.4%
    2 Bedrooms
    21.5%
    3 Bedrooms
    36.3%
    4 Bedrooms
    27.6%
    5+ Bedrooms
    5.7%

    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.

    TypeMedian RentAverage 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
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Reading, MA is 14. This is a decrease of -26.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$880,0009.0%
    Listing Count
    		8371.0%
    Listings as % of Homes0.2%71.0%
    Days on Market
    		14-26.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		25,5001.7%
    % Under 18
    		23.3%-2.1%
    % Seniors
    		20.6%26.4%
    % WFH
    		27.7%354.1%
    % w/ College Degree
    		65.0%4.8%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Reading, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$930,000
    Median Household Income$163,000

    Reading, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Reading, MA

    01864

    Wakefield, MA

    01880

    Stoneham, MA

    02180

    Wilmington, MA

    01887

    Woburn, MA

    01801

    Frequently Asked Questions