Reading, MA

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Reading, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Reading Housing Market Information

With a population of 26,106, 9,476 total housing units (homes and apartments), and a median house value of $660,023, Reading house prices are not only among the most expensive in Massachusetts, Reading real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Reading, accounting for 70.03% of the town's housing units. Other types of housing that are prevalent in Reading include large apartment complexes or high rise apartments ( 19.12%), duplexes, homes converted to apartments or other small apartment buildings ( 7.10%), and a few row houses and other attached homes ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Reading. Owner-occupied housing accounts for 78.22% of Reading's homes, and 63.87% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Reading's housing was primarily built during this period, from the '40s through the '60s. A full 37.00% of the town's housing hails from this era. Other housing ages represented in Reading include homes built before 1939 ( 29.49%) and housing constructed between 1970-1999 ( 22.71%). There's also some housing in Reading built between 2000 and later ( 10.80%).

Reading Home Appreciation Rates

In the last 10 years, Reading has experienced some of the highest home appreciation rates of any community in the nation. Reading real estate appreciated 38.66% over the last ten years, which is an average annual home appreciation rate of 3.32%, putting Reading in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Reading definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Reading's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Reading's appreciation rate has been 0.99%, which annualizes to a rate of 4.01%.

Relative to Massachusetts, our data show that Reading's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values


Median Home Value:


Value Range
> $1,199,000 2.9
$899,001 - $1,199,000 7.0
$600,001 - $899,000 37.8
$480,001 - $600,000 27.2
$360,001 - $480,000 18.7
$240,001 - $360,000 3.5
$120,001 - $240,000 1.5
$60,001 - $120,000 0.7
$0 - $60,000 0.8

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
3.74306569343066 13.4615384615385

Number Of Homes And Apartments:

Reading Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
84.84% 3.24%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,031 / per month

Homeownership Rate

Owners 78.22
Renters 21.78
Vacant 4.15

Housing Market Details


Age of Homes

2000 or Newer 10.8
1970 - 1999 22.7
1940 - 1969 37.0
1939 or Older 29.5

Types of Homes

Single-Family 70.0
Townhomes 3.8
Small Apt. Buildings 7.1
Apt. Complexes 19.1
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 0.91
1 Bedroom 11.88
2 Bedrooms 18.23
3 Bedrooms 39.69
4 Bedrooms 24.18
5 or more bedrooms 5.12