Mortgage payment estimates, closing cost breakdowns, and homebuying data for Reading, Pennsylvania.
Pre-filled with Reading median home price and Pennsylvania tax/insurance rates. Adjust for your property.
Estimated closing costs based on Pennsylvania rates and fees applied to Reading prices.
The median home price in Reading is $135,000, 52% below the Pennsylvania state median of $280,000. With a population of 95,112, Reading is a smaller market where home prices tend to be more accessible than in many parts of Pennsylvania.
Property taxes in Pennsylvania average 1.36% annually. This moderate property tax rate means a $135,000 home in Reading would carry roughly $153/month in property taxes. Homeowners insurance in Pennsylvania runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Reading is $1,020/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Reading over the long term.
Reading offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Pennsylvania's PHFA Keystone Advantage program.