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Affordable
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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 $228,439, lower than the Minnesota average of $345,793.
The average cost of rent is $741/mo in Reading, primarily driven by the current value of real estate in the Reading area. In Reading, 10.56% of households rent, and 58.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Reading is $8,316 per month. Households that rent pay about 8.91% of their income on rent here. Reading’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilmont, MN: less expensive homes
- Worthington, MN: equally priced homes
- Rushmore, MN: less expensive homes
- Wirock, MN: less expensive homes
- Kinbrae, MN: equally priced homes
- Fulda, MN: less expensive homes
- Brewster, MN: less expensive homes
- Lismore, MN: less expensive homes
- Iona, MN: less expensive homes
- Lime Creek, MN: less expensive homes
Cities with Similar Populations
- Rickardsville, IA: higher priced homes
- Mintz, NC: less expensive homes
- Mixon, AR: less expensive homes
- Momeyer, NC: less expensive homes
- Money Creek, MN: higher priced homes
- Retreat, TX: less expensive homes
- Revillo, SD: less expensive homes
- Rhodes, MS: less expensive homes
- Richfield Center, OH: higher priced homes
- Richmond, RI: higher priced homes
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