19611, Reading, PA

Reading, Pennsylvania is located in the eastern part of the state and has a population of over 97,000. The 19611 zip code covers a total area of just under 10 square miles and has a median household income of just over $60,000. Home prices in this zip code have increased significantly over the past few years, reaching an average price of $151,500 as of September 2017. This represents a 121% increase from the average home value in this zip code as recorded in 2013.

One reason for this dramatic increase in home values is that Reading is experiencing strong growth both economically and demographically. The city has seen significant job growth over the past few years, with unemployment rates currently sitting at just 2%. Additionally, there are many new residents moving into Reading each year who are looking for affordable housing options. This influx of new residents is contributing to the high demand for homes in this area and driving up prices accordingly.

Despite these factors, not all homeowners are seeing their home equity grow at such an impressive rate. In fact, there are some homeowners who have seen their equity decline since 2013 due to rising interest rates and other market conditions. Overall though, Reading homeowners appear to be doing well financially relative to most other parts of Pennsylvania.