Reading, PA—19607
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 $268,000, with a year-over-year change of 4.9%. 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 | $268,000 | 4.9% |
| Single Family | $274,000 | 4.6% |
| Condos | $219,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | 1.9% |
2 Bed | $222,000 | 3.7% |
3 Bed | $265,000 | 4.3% |
4 Bed | $345,000 | 3.9% |
| 5 Bed | $418,000 | 4.0% |
% of Housing Stock
Rental Trends — Reading, PA
As of July '25, Rentcast reports the average rent in Reading, PA is $1,690, with a year-over-year rent change of 7.6%. Per bedroom, the median rent as of July '25 in Reading, PA is 1-bedrooms: $1,440, 2-bedrooms: $1,630, 3-bedrooms: $2,150. The most common rental property sizes in Reading, PA are 2-bedroom and 1-bedroom, accounting for 49.6% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,440 |
| 2 Bed Rent | $1,650 | $1,630 |
| 3 Bed Rent | $2,000 | $2,150 |
| 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 -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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | 14.0% |
Listing Count | 72 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 34 | -23.0% |
Demographics — Reading, PA
As of the latest ACS Survey released in 2023, Reading, PA has a population of 24,300, which has increased by 5.1% over the past 5 years. Reading, PA is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 5.1% |
% Under 18 | 20.4% | 5.2% |
% Seniors | 18.8% | -16.8% |
% WFH | 12.9% | 214.6% |
% w/ College Degree | 31.1% | 7.2% |
As of the latest ACS Survey released in 2023, Reading, PA is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Reading, PA is hispanic, making up 22.4% of the population. Foreign-born residents account for 7.0% of the population in Reading, PA, and this percentage has increased by 45.8% 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 | 67.1% | -14.7% |
% Black | 6.4% | 28.0% |
% Hispanic | 22.4% | 57.7% |
% Asian | 1.4% | -12.5% |
% Foreign Born | 7.0% | 45.8% |
Mortgage and Risk — Reading, PA
According to HUD data as of 2023, there were 568 mortgage originations in Reading, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 26.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 568 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
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 | 298 |
Total Units Section 8 | 298 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 90.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,500 | $1,200 |
| 2 Bedroom | -$140 | $1,650 | $1,510 |
| 3 Bedroom | -$110 | $2,000 | $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 | 2.8 |
| Median Home Price | $268,000 |
| Median Household Income | $80,600 |