Reading First-Time Homebuyer Report for October

Reading is older than the rest of Massachusetts, with a median age of 41. It's very affluent as well, with a median income of $93,780 per household. Detached homes account for 51% of the area's current housing market. Topping the list of best schools in the city is Arthur W Coolidge Middle School.

Culture

If you're into the outdoors, great attractions in Reading include Burbank YMCA and Reading Town Common, according to Foursquare. Recommended places to eat are Venetian Moon, Christopher's Restaurant, and Portland Pie Co. To top it off, one of the most popular places to get a drink is Venetian Moon.

Price Range

Some of the more expensive homes in Massachusetts are in Reading with a median home value of $398,700 and an average list price for available homes currently at $524,833.

Curious as to which homes have been getting the most attention in Reading? These listings have stirred up interest and produced the most views:

$499K   $589K   $499K  

Typical Dwelling

The typical dwelling in Reading is a three-bedroom detached home worth about $499,937. To purchase a similar home, a buyer with good credit and a $99,987 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,546 monthly payment. The property tax rate is $11.70 per $1,000 of taxable assessed value.

Get started right now by checking out Reading homes for sale or reviewing Reading real estate trends.


Data reported through 10/13/2016

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