Reading, PA

Population: 87,893
Average annual home appreciation rate: 0.44%
Total of homes for sale in this market: 1,351
Median home price: $66,134
Median Rent: $745 per room
Home price range: 44.12% of homes are between $48,001 – $97,000
Median sales price: $114,000
Number of homes: 888
Median foreclosure sales price: $8,250
Foreclosure discount: 93%
Most common home type: 52.39% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 13.21%
Number of renters: 58.93%
Number of owner occupied: 41.07%
Number people living below poverty level: 38.74%
Unemployment rate: 8.30%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Reading when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

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