Property prices for rent in Reading (Pennsylvania)

The rent prices in real estate in Reading, in the Pennsylvania region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

$1,159.5
Average price last 6 months
$1.05
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Reading has fallen during the last 6 months. In January, the average price per sq.feet was $1.13. In February this price barely changed remaining at $1.13 per sq.feet. The price for the following two months in (March, April) fell 94 % with regard to the previous two months. The price per sq.feet has fallen 87 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.1 to $0.95 during May, and June.

Average price

When referring to the price in Reading (cities), there have hardly been any changes in the last 6 months. In our first sample month during January, the average price is $1,140. In February This price remains at $1,132. In the following two months the average price has hardly changed with regard to the previous two months from $1,136 to $1,142.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,150 they are 23 % more affordable than the average price for Reading . The properties with the highest average price have 4 bedrooms, Their price is 36 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,239.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.6 / sq.feet, with an average $0.93 / sq.feet price in Reading. The properties with the most expensive average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $0.89 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,150 it is 14 % more affordable than the average price in Reading. "Townhouse" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Townhouse". At a price of $1,116 it is 4 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of $0.81 / sq.feet followed by "House" priced at $1.01 / sq.feet. "House" is the most expensive type of property with a $1.01 / sq.feet value followed by "Townhouse" with an average price of $0.81 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Reading
Number of properties used in region Pennsylvania
$1,150
$0.93
530
88,484
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value