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

$60,000

  • 5.1% 1-year change
  • 3.5% 1-year forecast

The median home value in Reading is $60,000. Reading home values have gone up 5.1% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in Reading is None. The median rent price in Reading is $650, which is lower than the Reading Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Reading 5.9 homes are foreclosed (per 10,000). This is greater than the national value of 3.5

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 May 31, 2015
  • $60,000 ZHVI
  • 3.5% 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
    (May 31, 2016)
  • No data Median listing price
  • $37,000 Median sale price
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Reading Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • 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)

5.9 homes Reading
3.5 homes 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 May 31, 2015
  • Zillow Rent Index

  • $798 Reading
    $1,284 Reading Metro
    $1,367 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $650 Rent list price
  • $0.57 Rent list price / sq ft
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