Reading, PA has a median housing value of $206,000 which is lower than the US median value of $338,100. However, when compared to the US appreciation rate of 8.27%, Reading's 1 year house appreciation rate is 11.29%. This indicates that house values in this area are appreciating at a higher rate than the national average. Given this trend, Reading appears to be an attractive market for potential homebuyers and investors.
The median home cost in Reading is $206,000. Home appreciation the last 10 years has been 73.3%. Home Appreciation in Reading is up 17.1%.
Average Age of Homes
- The median age of Reading real estate is 78 years old
The Rental Market in Reading
- Renters make up 49.4% of the Reading population
- 3.9% of houses and apartments in Reading, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.