Rent to own Homes in Reading, PA
Reading, Pennsylvania, is best known for the now-defunct Reading Railroad. This railroad, which was immortalized as a Monopoly space, used to originate in the city and was used to transport coal to the eastern United States. Reading was also one of the first cities to make outlet shopping popular and is known as the Pretzel City because of its pretzel bakeries. Today, it is the fifth largest city in Pennsylvania, with a population of approximately 88,000.
Reading, PA is a great place for affordable rent-to-own homes! With a median household income of over $35,745 and a median rent of $817, the Reading, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Reading, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Reading, PA Property Resources
Rent to own Homes in Cities Near Reading, PA
- Alleghenyville
- Amity Gardens
- Baumstown
- Blandon
- Bowers
- Bowmansville
- Denver
- Downingtown
- Dryville
- Eagleview
- Fox Chase
- Gilbertsville
- Hereford
- Kempton
- Kenhorst
- Kenilworth
- Kimberton
- Lionville
- Mont Clare
- Mount Penn
- New Berlinville
- Newmanstown
- New Schaefferstown
- Oley
- Parkesburg
- Perkiomenville
- Phoenixville
- Pottsgrove
- Pottstown
- Pughtown
- Reamstown
- Riverview Park
- Sanatoga
- Shartlesville
- Shillington
- Sinking Spring
- South Coatesville
- South Temple
- Springmont
- Stevens
- Stony Creek Mills
- Stowe
- Swartzville
- Terre Hill
- Thorndale
- Trappe
- Trexlertown
- Walnuttown
- Wernersville
- Zionsville
Neighborhoods in Reading, PA
Hillside rent to own homes District 7 rent to own homes North West Reading rent to own homes District 6 rent to own homes UNO rent to own homes Fourth Ward rent to own homes Greenwich rent to own homes Southeast Community rent to own homes Callowhill rent to own homes College Heights rent to own homesPopular Zip Codes in Reading, PA
19603 rent to own homes 19612 rent to own homes 19601 rent to own homes 19604 rent to own homes 19602 rent to own homes 19611 rent to own homesBuying a Home in Reading, PA
Reading, PA is seeing rapid growth and Reading, PA's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Reading, PA is part of Berks county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Berks is 1.77% which is above the national average, which is 0.99%.
Median Home Price in Reading, PA
Median Rent in Reading, PA
Top Reasons to Live in Reading, PA
Housing Statistics There are plenty of vacant houses in Reading; only 30,108 of 34,309 houses are currently occupied. Of these, about 49 percent are rentals rather than owned homes. There may be some rent to own opportunities for aspiring homeowners if they ask. The median cost of a house in Reading is currently $171, 540; the median cost of an apartment is $644/month. Rent to own houses have a slightly lower rent of $519.
Largest Employers and Industries The top ten employers in Reading are:
Tourist Attractions There are over a dozen tourist attractions in Reading, and they can vary based on your own interests. Here are some of the most popular:
Weather and Climate The weather is generally mild in Reading, although summers tend to be hot and humid. There are about 12 days each year where temperatures exceed 90 degrees Fahrenheit. Autumn brings cooler temperatures, but the first frost occurs in October. Winters are fairly mild, although temperatures can fall to freezing. There is less snow in Reading than in many other areas of the northeastern United States.
Local Shopping Reading was one of the first cities to popularize outlet shopping; there are still many outlet stores and other stores particular to this area.