January's First-Time Homebuyer Report for Reading

Reading has a cost of living adjustment score of 81.7, which is much less expensive when compared to others in Pennsylvania. Also, the area is considered much less affluent than average with a median income of $31,799 per household. 19601, 19604, and 19607 are the three largest zip codes in terms of population. With a median age of 75 years, homes in Reading tend to be older than most. Topping the list of best schools in the city is Jacksonwald Elementary School.

Price Range

Reading has some of the more affordable homes in the state with a median home value of $45,300 and a current average list price of $49,993. The Reading market pulled back with a 19.6% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 50.2 monthly average with 45 homes sold.

Out of all the listings in Reading, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$189K   $238K   $225K  

Typical Dwelling

The typical dwelling in Reading is a three-bedroom townhouse worth about $48,078. To purchase a similar home, a buyer with good credit and a $9,616 cash down payment could obtain a mortgage with a 3.95% interest rate and a $266 monthly payment. The property tax rate is $18.32 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 1/12/2017

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Ask a local expert about this area:
Charles Rutenberg Realty Inc
Snapped 1 home in this area
Century 21 Gold
Snapped 6 homes in this area
Weichert Realtors Neighborhood One
Snapped 1 home in this area

Agents that specialize in this area
5 snaps in this area
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