Reading, MI
Full City Profile · Michigan · Hillsdale County County
2.6
/5.0
C+
Fair
1,241
Population
1,229/sq mi density
$48,804
Median Income
$19,431 per capita
$103,300
Home Value
$179,541 Zillow
$741
Median Rent
25.9% income on rent
48°F
Avg Temperature
277
Violent Crime/100K
185 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.4 / 5.0
$48,804 median income, 6.0% unemployment
A+
Affordability
5.0 / 5.0
$103,300 home value, $741/mo rent
F
Safety
1.0 / 5.0
277 violent crimes/100K
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$103,300
63% below
US avg: $281,900
Median Rent
$741/mo
36% below
US avg: $1,163/mo
Homeownership Rate
65.3%
0% below US avg (65.4%)
Total Housing Units
411
Median year built: 1938
Home Value by Source
Census Median
$103,300
Zillow (ZHVI)
$179,541
Redfin Median Sale
$190,000
Median Sale Price
$190,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.3%
Owner-Occupied
34.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$741/mo
Market Indicators (Redfin)
Median Sale Price
$190,000
Median Days on Market
108 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$73
Active Inventory
3
homes for sale
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
65.3%
Complete Housing Data
Home Values
| Census Median Value | $103,300 |
| Zillow Home Value (ZHVI) | $179,541 |
| Redfin Median Sale | $190,000 |
| Median Sale Price | $190,000 |
| Price Per Sq Ft | $73 |
Rent
| Census Median Rent | $741 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 108 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.3% |
| Homes Sold | 1 |
| Active Inventory | 3 |
| Price Per Sq Ft | $73 |
Ownership & Stock
| Owner-Occupied | 65.3% |
| Renter-Occupied | 34.7% |
| Homeownership Rate | 65.3% |
| Total Housing Units | 411 |
| Median Year Built | 1938 |
| Rent Burden | 25.9% |