Home Values

Reading Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$60,200

  • 5.1% 1-year change
  • 4.0% 1-year forecast

The median home value in Reading is $60,200. Reading home values have gone up 5.1% over the past year and Zillow predicts they will rise 4.0% within the next year. The median rent price in Reading is $650, which is lower than the Reading Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Reading 7.7 homes are foreclosed (per 10,000). This is greater than the national value of 3.8

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 is 8.0%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Reading homeowners underwater on their mortgage is 20.0%.

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Relative ZHVI
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Reading Market Overview

Data through Jun 30, 2015
  • $60,200 ZHVI
  • 4.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $48,900 Median sale price
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Reading Market Health

Data through Jun 30, 2015
  • 2.4/10 Less healthy
    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.
  • No data Average days on Zillow
  • 20.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 8.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

8 Reading
4 United States
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Nearby Cities

Name Median ZHVI
Wyomissing $211,000
Cumru $156,100
Saint Lawrence $141,800
Name Median ZHVI
Shillington $140,600
Muhlenberg Township $140,400
Kenhorst $122,000
Name Median ZHVI
Laureldale $113,000
Mount Penn $103,400
West Reading $101,500

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $26 Median sale price / sq ft
  • No data Listings with price cut
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Reading Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $775 Reading
    $1,297 Reading Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $650 Rent list price
  • $0.52 Rent list price / sq ft
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