$314,137Average Value$170Average Price per Sq Ft2Homes For Sale
Lorane, an affordable community near Reading
Homebuyers come to Lorane because it offers immediate access to major roadways, plenty of retail shopping and dining and various greenspaces. "Real estate in Lorane is less expensive and less desirable than other areas like Reiffton and Stonersville," says Realtor Scott Walley, who sells homes in the area with RE/MAX of Reading. "Lorane residents get the same access to everything available in Reading." Walley has worked in Reading real estate for over 45 years. Homebuyers also choose Lorane because it allows their children access to highly rated public schools.
Colonial revival homes are highly sought after in Lorane with expansive interiors and yards.
Bird's Eye View of Lorane Neighborhood
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Mobile homes, ranch-style houses and bi-level homes
Assessors value Lorane's two-bedroom early-2000s mobile homes at between $45,000 and $100,000. Three-bedroom early-1990s mobile homes sell for between $70,000 and $90,000. "It's difficult to get financing on some of the older mobile homes," Walley says. Homebuyers can purchase a three-bedroom 1970s brick split-level for between $240,000 and $290,000. A three-bedroom 1970s brick ranch-style house sells for between $250,000 and $300,000, and a four-bedroom 1970s bi-level home sells for between $280,000 and $350,000. Trains pass through Lorane, which discourages some potential homebuyers. There are also landfills on Lorane’s east side. "The landfills can smell bad during the summer," Walley says.
Ranch-style home
Typical Bi-Level Hom in Lorane
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Highly rated public schools
Many children walk to Lorane Elementary, which has a 14-to-1 student-teacher ratio and a B Niche rating. Students can move on to the Exeter Township Junior High School, where 29% of kids are proficient in math and 58% of kids are proficient in reading. The school has a B Niche rating. Teens often attend Exeter Township Senior High School, which has a 15-to-1 student-teacher ratio and a 93% graduation rate. The school has an A-minus Niche rating and offers Advanced Placement classes. Lorane is 7 miles from the Reading Area Community College, which has close to 4,700 students.
Entrance to Lorane Elementary School in Lorane, PA
Exeter Township Senior High School is a great school for your teenagers to attend.
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Greenspaces within walking distance
Residents can walk to the area's parks. Children and adults play soccer, baseball and football at Trout Run Sports Complex. The Exeter Scenic River Trail, just over 2 miles long, passes through the park. Just off West 48th Street, parents take their children to the playsets at Lorane Hollow Park. The park also has several picnic tables, a basketball court and a baseball field. Many Lorane residents pay for memberships at the Crestwood Swimming Pool, a popular summertime hangout spot. "A lot of people like to kayak, canoe and fish in the Schuylkill River," Walley says. "People don't really swim in it, though."
Aerial view of Lorane Hollow Park
Exeter Scenic River Trail next to the Schuylkill River
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A wide selection of retail and dining
Many residents shop and dine in or around Shelbourne Square on Lorane's northeast corner. After working out at Planet Fitness, folks can reward themselves at any of the shopping center's dining options, which include a Dairy Queen, a McDonald's, an Applebee's and a KFC. The shopping center also has a Home Depot and a Redner's Warehouse Markets. Other options along U.S. Route 422 include a Walmart Supercenter, a Target, a Petco and a clothing store called Boscov's. There are also several local options alongside the highway. Exeter Family Restaurant is a favorite for its stuffed omelets and roast turkey sandwiches. Stopper's Steaks & Seafood has served fresh fish and sizzling burgers to its Lorane patrons since 1982.
Enjoy a Loraine Omelet or roasted turkey sandwich at The Exeter Family Restaurant in Lorane.
Target is a popular choice among many moms and families in Lorane looking for endless variety.
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Access to the arts, a casino and professional sports
People drive into Reading to watch new film releases at the IMAX theater on 2nd Street. The Miller Center for the Arts in Reading is an over-500-seat venue that hosts comedians like Karen Morgan and musical acts like the Gatlin Brothers. Residents travel 15 miles south of Lorane via Interstate 176 to play slots and table games at the Hollywood Casino Morgantown. Many locals travel to Philadelphia to watch the Eagles and the Phillies play.
Getting around town
Residents take U.S. Route 422 about 8 miles northwest to reach Reading. People sometimes commute 12 ½ miles southeast to Pottstown. Philadelphia's Center City is 53 miles southeast of Lorane via U.S. Route 422 and Interstate 76. There is a Tesla supercharger station just off Highway 422 in Lorane. Charter lines operate from the nearby Reading Regional Airport, but most residents use Philadelphia International Airport for personal travel. Most streets are lined with sidewalks.
Aerial of Highway 422
Written By
Christopher Suarez
Video By
Everett Hall-McNeill
Interested in learning more about homes in this area?
Reach out to
Josh Schoenly,
an experienced agent in this area.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
On average, homes in Lorane, PA sell after 21 days on the market compared to the national average of 50 days. The median sale price for homes in Lorane, PA over the last 12 months is $293,500, down 5% from the median home sale price over the previous 12 months.
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Petey ChurchKeller Williams Platinum Realty - Wyomissing
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