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Real Estate Prices & Overview

Median real estate price in the City Center of Reading is $138,564, which is less expensive than 75.3% of Ohio neighborhoods and 88.6% of all U.S. neighborhoods.

The average rental price in Reading City Center is currently $1,206, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.8% of Ohio neighborhoods.

Reading City Center is a suburban neighborhood (based on population density) located in Reading, Ohio.

Real estate in the City Center of Reading, OH is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.0% in Reading City Center. NeighborhoodScout analysis shows that this rate is lower than 42.7% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Reading, the City Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Astoundingly, the City Center neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.5% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Reading neighborhood.

In addition, the Reading City Center neighborhood stands out for having an average per capita income lower than 95.0% of the neighborhoods in the United States.

Modes of Transportation

Our research reveals that 89.1% of commuters who live in the Reading City Center neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.2% of U.S. neighborhoods.

Real Estate

Do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Reading City Center neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 55.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.3% of the neighborhoods in the United States.

Diversity

Did you know that the Reading City Center neighborhood has more Welsh and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Welsh ancestry and 36.3% have German ancestry.

Reading City Center is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 95.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the City Center neighborhood in Reading are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 95.0% of U.S. neighborhoods. With 28.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Reading City Center neighborhood, 30.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 28.6% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.7%), and 20.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Reading City Center neighborhood is English, spoken by 100.0% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the City Center neighborhood in Reading, OH, residents most commonly identify their ethnicity or ancestry as German (36.3%). There are also a number of people of Irish ancestry (16.4%), and residents who report English roots (12.4%), and some of the residents are also of Italian ancestry (6.2%), along with some Norwegian ancestry residents (3.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Reading City Center neighborhood spend under 15 minutes commuting one-way to work (48.8% of working residents), one of the shortest commutes across America.

Here most residents (89.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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