Reading, MA Real Estate
According to census data in the year 2000 there were 8,823 housing units in Reading.
This represents a 8.9% growth from 8,104 in 1990.
Of those housing units, 8,823 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Reading is about 82.4%.
Reading's vacancy rate, including seasonal lodging, is about 1.5%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Reading were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 9.60% |
| Two Bedrooms | 19% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 24.80% |
| Five Bedrooms or more | 6.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $271,600 |
| Median Price asked for vacant units | $247,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $683 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 55.60% |
| Debt Free | 27.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
