Reading, PA—19606
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 $290,000, with a year-over-year change of 4.3%. This indicates that home prices in Reading, PA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 4.3% |
| Single Family | $297,000 | 3.8% |
| Condos | $211,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $177,000 | -1.7% |
2 Bed | $206,000 | 4.0% |
3 Bed | $276,000 | 4.2% |
4 Bed | $387,000 | 4.0% |
| 5 Bed | $393,000 | 3.7% |
% of Housing Stock
Rental Trends — Reading, PA
As of July '25, Rentcast reports the average rent in Reading, PA is $1,680, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Reading, PA is 1-bedrooms: $1,230, 2-bedrooms: $1,460, 3-bedrooms: $1,870. The most common rental property sizes in Reading, PA are 3-bedroom and 2-bedroom, accounting for 34.6% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,230 |
| 2 Bed Rent | $1,440 | $1,460 |
| 3 Bed Rent | $1,800 | $1,870 |
| 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 34. This is a decrease of -3.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $302,000 | 7.0% |
Listing Count | 114 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 34 | -3.0% |
Demographics — Reading, PA
As of the latest ACS Survey released in 2023, Reading, PA has a population of 36,100, which has increased by 3.7% over the past 5 years. Reading, PA is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | 3.7% |
% Under 18 | 22.4% | -0.9% |
% Seniors | 17.2% | 2.4% |
% WFH | 11.7% | 148.9% |
% w/ College Degree | 29.5% | -1.7% |
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 9.6% in the last 5 years. The second most common race or ethnicity in Reading, PA is hispanic, making up 18.1% of the population. Foreign-born residents account for 5.6% of the population in Reading, PA, and this percentage has decreased by 5.1% 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 | 72.4% | -9.6% |
% Black | 4.9% | 6.5% |
% Hispanic | 18.1% | 52.1% |
% Asian | 1.5% | -28.6% |
% Foreign Born | 5.6% | -5.1% |
Mortgage and Risk — Reading, PA
According to HUD data as of 2023, there were 769 mortgage originations in Reading, PA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Reading, PA. Investor activity is low, as 2.0% 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 | 769 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
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 | 168 |
Total Units Section 8 | 107 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,180 | $1,200 |
| 2 Bedroom | $70 | $1,440 | $1,510 |
| 3 Bedroom | $90 | $1,800 | $1,890 |
| 4 Bedroom | N/A | N/A | $2,000 |
Affordability — Reading, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $290,000 |
| Median Household Income | $81,900 |