Reading Metro Home Prices & Values

$158,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1% 1-year change
  • 2.1% 1-year forecast

The median home value in Reading Metro is $158,000. Reading Metro home values have gone up 2.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median price of homes currently listed in Reading Metro is $172,000. The median rent price in Reading Metro is $895, which is lower than the Pennsylvania median of $1,200.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Reading Metro is 6.5%, which is lower than the national value of 6.9%.

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Relative ZHVI
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Reading Metro Market Overview

Data through Jul 31, 2014
  • $158,000 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $172,000 Median listing price
  • No data Median sale price
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Reading Metro Market Health

Data through Jul 31, 2014
  • 2.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 120 Average days on Zillow (Jun 30, 2014)
  • No data Homes with negative equity (17.0% US Avg)
  • 6.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.7 homes Pennsylvania
4.4 homes United States
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Cities in Reading Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Amity Township $250,900 Wyomissing $221,000 Spring Township $191,200
Longswamp $190,200 Maidencreek Township $187,600 Exeter Township $172,500
Cumru Township $162,800 Muhlenberg Township $148,000 Reading $57,900

Listings & Sales

Data through Jul 31, 2014
  • $97 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.0% Listings with price cut
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Reading Metro Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,250 Reading Metro
$1,214 Pennsylvania
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $895 Rent list price
  • $0.84 Rent list price / sq ft
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