Reading, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Reading Neighborhoods Since 2000




Reading, OH 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 10,324, 4,357 total housing units (homes and apartments), and a median house value of $116,776, house prices in Reading are solidly below the national average.

Single-family detached homes are the single most common housing type in Reading, accounting for 66.47% of the city's housing units. Other types of housing that are prevalent in Reading include large apartment complexes or high rise apartments ( 21.56%), duplexes, homes converted to apartments or other small apartment buildings ( 11.13%).

The most prevalent building size and type in Reading are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.84% owning and 40.16% renting.

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 56.08% of the city's housing hails from this era. Other housing ages represented in Reading include homes built between 1970-1999 ( 21.99%) and housing constructed before 1939 ( 20.87%). There's also some housing in Reading built between 2000 and later ( 1.05%).

Reading Home Appreciation Rates

Real estate appreciation rates in Reading's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

Over the last year, Reading appreciation rates have trailed the rest of the nation. In the last twelve months, Reading's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reading were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$116,776

Reading, OH HOME PRICES

Value Range
> $1,080,000 0.3
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.2
$432,001 - $540,000 0.0
$324,001 - $432,000 0.0
$216,001 - $324,000 6.4
$108,001 - $216,000 55.3
$54,001 - $108,000 30.5
$0 - $54,000 7.4

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
67.2506738544474 66.5354330708661

Number Of Homes And Apartments:
4,357

Reading Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
10.14% 0.56% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$824 / per month

Homeownership Rate

Homeownership
Owners 59.84
Renters 40.16
Vacant 6.24

Housing Market Details

 

Age of Homes

AGE OF Reading HOMES
2000 or Newer 1.1
1970 - 1999 22.0
1940 - 1969 56.1
1939 or Older 20.9

Types of Homes

TYPE OF Reading HOMES
Single-Family 66.5
Townhomes 0.6
Small Apt. Buildings 11.1
Apt. Complexes 21.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Reading HOMES
No Bedroom 3.29
1 Bedroom 18.46
2 Bedrooms 25.26
3 Bedrooms 34.99
4 Bedrooms 16.63
5 or more bedrooms 1.36