What is the median home value in Reading Township, MI?
The median value of owner-occupied homes in Reading Township, MI is $187,500 (±$19,980), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Reading Township, the median home value went from $148,700 in 2015–2019 to $187,500 in 2020–2024 (+26.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $187,500 (±$19,980)
- Owner-occupied homes
- 681 (±103)
- Most common range
- $200,000 to $299,999
Home values in Reading Township
| Value | Reading Township | Hillsdale County | Michigan | United States |
|---|---|---|---|---|
| Less than $50,000 | 10.9% (±4.1 points) | 8.5% | 7.6% | 5.3% |
| $50,000 to $99,999 | 12.9% (±5.2 points) | 14.6% | 9.2% | 6.1% |
| $100,000 to $149,999 | 12.6% (±5.9 points) | 15.6% | 10.6% | 6.8% |
| $150,000 to $199,999 | 18.5% (±7.6 points) | 18.6% | 14.1% | 9.0% |
| $200,000 to $299,999 | 20.7% (±6.4 points) | 20.7% | 23.4% | 17.8% |
| $300,000 to $499,999 | 18.6% (±6.7 points) | 16.0% | 24.1% | 26.9% |
| $500,000 to $999,999 | 5.1% (±3.4 points) | 5.2% | 9.2% | 20.9% |
| $1,000,000 or more | 0.6% (±0.8 points) | 0.7% | 1.6% | 7.1% |
The most common range is $200,000 to $299,999, 20.7% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Reading Township against Hillsdale County, its state and the nation
| Reading Township | Hillsdale County | Michigan | United States | |
|---|---|---|---|---|
| Median home value | $187,500 (±$19,980) | $176,100 (±$5,498) | $231,600 (±$642) | $332,700 |
| Owner-occupied homes | 681 (±103) | 14,647 (±330) | 2,984,190 (±12,886) | 84,210,142 |
In Reading Township, the median home value is not measurably different from Hillsdale County ($176,100).
It is also lower than in Michigan ($231,600).
It is lower than the national figure ($332,700).
In Hillsdale County, Reading Township ranks 7 of 22 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 824 of 1,518.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Reading Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $148,700 (±$17,470) | $187,500 (±$19,980) | +26.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,052 (±$94) | $1,344 (±$78) | +27.8% | No measurable change after inflation |
| Median real estate taxes | $1,362 (±$78) | $2,062 (±$340) | +51.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Reading Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Reading Township | — | $187,500 (±$19,980) | — |
| Reading | 1.8 mi | $107,800 (±$24,488) | Lower |
| Algansee Township | 5.4 mi | $232,400 (±$32,025) | Higher |
| Montgomery | 6.0 mi | $95,000 (±$21,940) | Lower |
| Allen Township | 6.1 mi | $174,400 (±$14,955) | Not measurably different |
| Cambria Township | 6.5 mi | $190,500 (±$28,269) | Not measurably different |
| Allen | 6.9 mi | $131,300 (±$39,518) | Lower |
| Camden Township | 7.0 mi | $161,600 (±$14,748) | Lower |
| Hillsdale Township | 7.0 mi | $295,500 (±$47,138) | Higher |
Nearby places with a measurably lower figure: Reading, MI ($107,800), Montgomery, MI ($95,000), Allen, MI ($131,300).
Nearby places with a measurably higher figure: Algansee Township, MI ($232,400), Hillsdale Township, MI ($295,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Hillsdale County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Hillsdale Township | $295,500 (±$47,138) |
| 2 | Somerset Township | $251,100 (±$23,053) |
| 3 | Amboy Township | $238,100 (±$23,633) |
| 4 | Fayette Township | $233,500 (±$22,533) |
| 5 | Litchfield Township | $199,000 (±$39,777) |
| 6 | Cambria Township | $190,500 (±$28,269) |
| 7 | Reading Township | $187,500 (±$19,980) |
| 8 | Wheatland Township (Hillsdale County) | $183,200 (±$16,583) |
| 9 | Allen Township | $174,400 (±$14,955) |
| 10 | Moscow Township | $172,100 (±$30,203) |
| 11 | Ransom Township | $171,100 (±$17,944) |
| 12 | Adams Township (Hillsdale County) | $163,700 (±$11,641) |
| 13 | Jonesville | $162,900 (±$8,902) |
Showing 13 of 22 places in Hillsdale County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Reading Township
What is the average home value in Reading Township, MI?
The Census Bureau publishes the median: $187,500 (±$19,980) for owner-occupied homes in Reading Township (2020–2024 American Community Survey).
Have home values in Reading Township gone up?
In Reading Township, the median home value went from $148,700 in 2015–2019 to $187,500 in 2020–2024 (+26.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Reading Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Reading township, Hillsdale County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Reading township, Hillsdale County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Reading township, Hillsdale County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Reading township, Hillsdale County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Reading township, Hillsdale County, Michigan (county subdivision:67520, in state:26 county:059).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Reading Township at a glance
- Income and affordability in Reading Township
- Homeowner costs in Reading Township
- Property taxes in Reading Township
- Types of homes in Reading Township
- Bedrooms in Reading Township
- Age of homes in Reading Township
- Heating fuel in Reading Township
- Commute and cars in Reading Township
- Population growth in Reading Township
- How long people stay in Reading Township
- Michigan landlord and tenant rules
- Housing across Hillsdale County
- Michigan places ranked by median home value
- Housing data for every place in Michigan