Median real estate price in the City Center of Reading is $70,307, which is less expensive than 91.9% of Pennsylvania neighborhoods and 94.3% of all U.S. neighborhoods.
The average rental price in Reading City Center is currently $779, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 71.8% of Pennsylvania neighborhoods.
Reading City Center is a densely urban neighborhood (based on population density) located in Reading, Pennsylvania.
Real estate in the City Center of Reading, PA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in Reading City Center. The current real estate vacancy rate here is 19.5%. This is higher than the rate of vacancies in 84.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.