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 $133,057, lower than the Pennsylvania average of $222,630.
The average cost of rent is $1,053/mo in Reading, primarily driven by the current value of real estate in the Reading area. While nearly 43.23% of residents own their homes outright in Reading, 44.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reading is $5,168 per month. Households that rent pay about 20.37% of their income on rent here. Reading's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- West Reading, PA: less expensive homes
- Monterey, PA: higher priced homes
- Wyomissing, PA: higher priced homes
- Kenhorst, PA: equally priced homes
- Mount Penn, PA: equally priced homes
- Shillington, PA: higher priced homes
- Pennside, PA: higher priced homes
- Ridgewood, PA: higher priced homes
- West Wyomissing, PA: higher priced homes
- Laureldale, PA: higher priced homes
Cities with Similar Populations
- Phoenix, AZ: higher priced homes
- Palatine, IL: higher priced homes
- Pflugerville, TX: higher priced homes
- Pasadena, CA: higher priced homes
- Pharr, TX: less expensive homes
- Petaluma, CA: higher priced homes
- Pasco, WA: higher priced homes
- Perris, CA: higher priced homes
- Pearland, TX: higher priced homes
- Owensboro, KY: higher priced homes
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