Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$310,920+3.5% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$67,401About 0.9× the local median income ($78,176): affordable for a typical household
Days on market36 daysFaster than a year ago: sellers have the edge
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Reading, PA is worth $310,920, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $264,820, so the area is 17.4% overvalued. It is a balanced market: homes take about 36 days to sell, listings are up 18% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $67,401 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,176. Typical rent is $1,551 a month, or $1,846 for a house. In the latest IRS figures, 50 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$310,920
Change in 1 year
+3.5%
Overvalued %
+17.4%
Show 7 more
Fair home value
$264,820
Change in 5 years
+36.8%
Zillow forecast, next 12 months
+3.3%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,685
Income needed to afford it
$67,401
Property tax rate
1.65%
Rent and investing
Typical rent
$1,551
Typical rent for houses
$1,846
Price-to-rent ratio
16.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,418
Gross rental yield
5.99%
Cap rate (estimate)
3.89%
Market activity
Listings vs a year ago
+18.4%
Days on market
36
Listings with a price cut
17.2%
Show 3 more
Homes for sale
591
Pending sales per 100 listings
79
Asking price per sq ft
$181
People and jobs
Median household income
$78,176
Population change (1 year)
+0.4%
Unemployment rate
5.4%
Show 4 more
Population
440,072
Income adjusted for cost of living
$80,511
Net moves in (IRS)
+50
Cost of living (US = 100)
97.1
Schools, risk and environment
School rating (1 to 10)
4.2
FEMA hazard risk score (0 to 100)
92.7
Unhealthy air days a year
3
Show 4 more
Flood risk score
94.8
Wildfire risk score
38.0
Walkability (1 to 20)
7.7
Road, rail and air noise
53 dB
Questions people ask
Is Reading, PA overvalued?
Home prices in Reading, PA are well above what local incomes have historically supported: fair value is about $264,820, so the area is 17.4% overvalued.
Is Reading, PA a buyer's or seller's market?
Reading, PA is a balanced market: homes take about 36 days to sell, listings are up 18% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Reading, PA?
Home values in Reading, PA are up 3.5% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Reading, PA?
A household needs about $67,401 a year to afford the typical home in Reading, PA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,176.