Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Reading area can be challenging. Home prices in Reading are now at a median cost of $621,396, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,632/mo in Reading, primarily driven by the current value of real estate in the Reading area. While nearly 28.11% of residents own their homes outright in Reading, 13.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reading is $12,702 per month. Households that rent pay about 12.85% of their income on rent here. Reading's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Wakefield, MA: equally priced homes
- Stoneham, MA: less expensive homes
- Woburn, MA: less expensive homes
- Lynnfield, MA: higher priced homes
- North Reading, MA: equally priced homes
- Wilmington, MA: less expensive homes
- Burlington, MA: equally priced homes
- Melrose, MA: equally priced homes
- Winchester, MA: higher priced homes
- Pinehurst, MA: less expensive homes
Cities with Similar Populations
- Ennis, TX: less expensive homes
- Sebastopol, CA: higher priced homes
- Homer Glen, IL: less expensive homes
- Holbrook, NY: less expensive homes
- Hazelwood, MO: less expensive homes
- Hartsville, SC: less expensive homes
- Harbor City, CA: less expensive homes
- Golden Gate, FL: less expensive homes
- Gibsonia, PA: less expensive homes
- Gallup, NM: less expensive homes
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