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Market MapReading, PA
Metropolitan Area

Reading, PA

Pennsylvania01 counties
64
/100
Buy
#378 of 894 metros
Top 42% nationally for investing

Market Snapshot

$299,902
Median Home Price
23% above national median
$1,496/mo
Median Rent
8% above national median
5.98%
Rent-to-Price Ratio
Top 52% nationally
-$600
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$299,902
Down Payment (20%)$59,980
Loan Amount$239,922
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,496
Monthly P&I-$1,572
Est. Expenses (35%)-$524
Net Cash Flow-$600/mo
3.9%
Cap Rate (all cash)
-10.4%
Cash-on-Cash Return
5.98%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
64/100
64
Cash Flow(30%)
60/100

Based on 5.98% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
81/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
66/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$600/mo)
  • -Negative leverage (cap rate 3.9% < mortgage rate 6.9%)

Counties in Reading, PA

Best Overall
Berks
PA - Score: 61
Verdict
BerksPA
428,48361$298,628$1,4115.67%BuyView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Paducah, KY
Paducah, KY
82$165,710$1,2919.35%Strong BuyView
Indiana, PA
Indiana, PA
82$158,790$1,37610.40%Strong BuyView
Connersville, IN
Connersville, IN
82$158,083Est.Strong BuyView
Enid, OK
Enid, OK
81$137,435$1,0769.39%Strong BuyView
Danville, IL
Danville, IL
81$93,319$81510.48%Strong BuyView
Current
Reading, PA
64$299,902$1,4965.98%Buy

The Bottom Line

BuyReading, PA offers solid investment potential with good cash flow or appreciation prospects.

The Reading, PA metro area scores 64/100, ranking #378 of 894 US metros (top 42%). The 5.98% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 1 counties, Berks shows the strongest investment potential (score: 61). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-600/mo
Cap Rate
3.9%
Cash-on-Cash
-12.0%

Ready to Invest in Reading, PA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyBerks
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