Home prices
The median home in Reading costs $562,800. In comparison to the surrounding areas it is roughly $43,040 (8%) higher.Compared to the country as a whole it is roughly $345,300 (158%) higher, and it is about $30,100 (5%) higher compared to the city of Boston.
Rents
Reading's median rent is $1,354 per month. It is roughly $272 (16%) lower compared to other places in this area.Compared to the country as a whole it is about $292 (27%) higher, and in comparison to the city of Boston is roughly $266 (16%) lower.
Nearby places
Wakefield
Wakefield is Reading's neighbor to the southeast. Real estate prices there are a little less expensive. The median home in Wakefield is valued at $505,800, which works out to $57,000 (11%) lower than Reading. Rents there are pretty similar. Wakefield's median monthly rent is $1,364, which is very similar to Reading.
Lynnfield
Lynnfield is Reading's neighbor to the east. Its real estate prices are somewhat more expensive. The median home in Lynnfield costs $670,700, which works out to $107,900 (16%) higher than Reading. Rent there is a little more expensive. Lynnfield's median rent is $1,669 per month, which works out to $315 (18%) higher than Reading.
Wilmington
Wilmington is Reading's neighbor to the northwest. Housing prices there are somewhat less expensive. The median home in Wilmington costs $473,800, which is $89,000 (18%) lower than Reading. Rent there is a bit more expensive. Wilmington's median monthly rent is $1,981, which comes out to $627 (31%) higher than Reading.
Woburn
Woburn is Reading's neighbor to the southwest. Real estate prices there are a bit less expensive. Woburn's median home value is $453,900, which comes out to $108,900 (23%) lower than Reading. Rents there are somewhat more expensive. Woburn's median rent is $1,632 a month, which works out to $278 (17%) higher than Reading.
Stoneham
Stoneham is Reading's neighbor to the south. Its real estate prices are a bit less expensive. The median home in Stoneham is valued at $494,600, which comes out to $68,200 (13%) lower than Reading. The rent there is a little more expensive. In Stoneham the median rent is $1,483 a month, which is $129 (8%) higher than Reading.
