Median Home Price
$299,902.37
Median Rent
$1,495.72/mo
Price-to-Rent Ratio
16.7
Property Tax RateTIE
1.54%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$132,072
Median Home PriceBETTER
$227,995.8
Median RentBETTER
$1,313.14/mo
Price-to-Rent RatioBETTER
14.5
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+5.7%
Price Change (5Y)BETTER
+28.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$19,920
Key Differences
Home Prices
Reading's median home price of $299,902.37 is higher than Scranton's $227,995.8 by 32%.
Monthly Rent
Renting in Reading costs $1,495.72/mo compared to $1,313.14/mo in Scranton—a difference of $182.58/mo.
Buy vs Rent Verdict
Reading favors renting, while Scranton favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.