Real Estate Trends in Reading, MA

If you’re looking for a suburban environment with affordable real estate and a reasonable commute to Boston, Reading just might be the place for you. This small town boasts a number of gorgeous vintage Colonials, Capes, and Ranch-style homes, as well as some more modern additions. If you’re not ready to own your own home, there are also Reading rentals for just about every price range and lifestyle, from renovated multi-family homes to luxury Reading, MA apartments.

Of course, you probably don’t want to move to Reading sight unseen—the best way to learn more about this town is to visit and tour Reading, MA homes for sale. Contact a CENTURY 21 Commonwealth realtor to start your search, and read our brief demographics and real estate overview to further research the town.

Demographics in Reading

At the 2010 census, Reading was a town of just under 25,000 residents. Most residents are relatively affluent—City Data reported the median household income as $103,630 in 2010—and college-educated. With such a large population of college-educated adults and a highly-regarded public school system, Reading has become a popular place for families to buy their first home. Reading families have access to five public elementary schools, three public middle schools, one public high school, and several private schools.

Although Reading does offer some employment opportunities, many residents commute to Boston, Cambridge, and other surrounding areas for work. The average commute time of 30 minutes is slightly longer than the national average, but many people are able to make their commute easier by using the MBTA, which has a station in Reading. If you plan to use the commuter rail, you may want to look at Reading, MA condos or houses in the center of town, within walking distance of the station.

Housing Trends in Reading

According to City Data, the median value for a Reading house or condo is approximately $437,000. This is higher than Massachusetts’ median home value, but somewhat lower than many other towns around Boston, making Reading one of the more affordable communities in the greater Boston area. 

As of March 2015, the average home listing price was about $509,000, and the average price per square foot was $158. If you’d rather rent than buy right now, you’ll find that Reading, MA apartments can be leased for about $1,300 a month on average. 

Reading, MA real estate has a lot to offer in terms of value, charm, and convenience. Whether you’re interested in a modern, downtown Reading loft, a renovated 1920s Colonial home, or anything in between, the best way to find what you’re looking for is to work with a qualified CENTURY 21 realtor.

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