Home prices
The median home value in Reading is $73,200. Compared to other places in this area this is about $84,780 (53%) lower.It is approximately $144,300 (66%) lower in comparison to the entire country, and in comparison to the city of Philadelphia is approximately $89,800 (55%) lower.
Rents
The median rent in Reading is $811 per month. This is approximately $248 (23%) lower compared to nearby areas.Compared to the entire nation it is approximately $251 (23%) lower, and in comparison to the city of Philadelphia is roughly $231 (22%) lower.
Nearby places
West Reading
West Reading is Reading's neighbor to the southwest. Its housing prices are a lot more expensive. The cost of the median home in West Reading is $117,400, which comes out to $44,200 (37%) higher than Reading. The rent there is similar. West Reading's median monthly rent is $812, which is very similar to Reading.
Mount Penn
Mount Penn is Reading's neighbor to the southeast. Its real estate prices are significantly more expensive. Mount Penn's median home price is $110,700, which is $37,500 (33%) higher than Reading. Its rents are a little more expensive. The median monthly rent in Mount Penn is $997, which comes out to $186 (18%) higher than Reading.
Greenfields
Greenfields is Reading's neighbor to the northwest. Its housing prices are a lot more expensive. The price of the median home in Greenfields is $163,200, which comes out to $90,000 (55%) higher than Reading. Rents there are a lot more expensive. The median monthly rent in Greenfields is $1,198, which is $387 (32%) higher than Reading.
Wyomissing
Wyomissing is Reading's neighbor to the west. The housing prices there are a lot more expensive. The median home in Wyomissing costs $245,600, which works out to $172,400 (70%) higher than Reading. Its rents are significantly more expensive. Wyomissing's median monthly rent is $1,330, which works out to $519 (39%) higher than Reading.
Pennside
Pennside is Reading's neighbor to the east. Housing prices there are significantly more expensive. The median home value in Pennside is $153,000, which is $79,800 (52%) higher than Reading. The rent there is a little more expensive. In Pennside the median monthly rent is $960, which comes out to $149 (15%) higher than Reading.
