Reading, OH Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Reading, OH Housing Market Trends

With 10,296 people, 4,429 houses or apartments, and a median cost of homes of $165,039, 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 59.23% of the city's housing units. Other types of housing that are prevalent in Reading include large apartment complexes or high rise apartments ( 25.21%), duplexes, homes converted to apartments or other small apartment buildings ( 14.15%).

People in Reading primarily live in small (one, two or no bedroom) single-family detached homes. Reading has a mixture of owner-occupied and renter-occupied housing.

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 55.32% of the city's housing hails from this era. Other housing ages represented in Reading include homes built between 1970-1999 ( 25.21%) and housing constructed before 1939 ( 17.87%). There's also some housing in Reading built between 2000 and later ( 1.60%).

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 2.71% during the period.

NeighborhoodScout's data show that during the latest twelve months, Reading's appreciation rate, at 6.50%, has been at or slightly above the national average. In the latest quarter, Reading's appreciation rate has been 1.79%, which annualizes to a rate of 7.37%.

Relative to Ohio, our data show that Reading's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$165,039

Reading, OH HOME PRICES

> $1,162,000
0.0%
0.0%
$871,001 - $1,162,000
0.0%
0.0%
$581,001 - $871,000
1.2%
1.2%
$465,001 - $581,000
0.0%
0.0%
$348,001 - $465,000
0.0%
0.0%
$232,001 - $348,000
8.8%
8.8%
$116,001 - $232,000
60.1%
60.1%
$58,001 - $116,000
26.6%
26.6%
$0 - $58,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
4,429

Reading Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
33.43% 1.37%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$878 / per month

Homeownership Rate

Owners
58.4%
58.4%
Renters
41.6%
41.6%
Vacant
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.6%
1.6%
1970 - 1999
25.2%
25.2%
1940 - 1969
55.3%
55.3%
1939 or Older
17.9%
17.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.2%
59.2%
Townhomes
0.7%
0.7%
Small Apt. Buildings
14.2%
14.2%
Apt. Complexes
25.2%
25.2%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.0%
4.0%
1 Bedroom
21.8%
21.8%
2 Bedrooms
25.2%
25.2%
3 Bedrooms
33.7%
33.7%
4 Bedrooms
14.7%
14.7%
5 or more bedrooms
0.6%
0.6%
0.0% 100.0%
% OF HOMES