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Penn's Common Homes for Sale

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  • /15

    $575,000

    $55K PRICE DROP
    • Studio

    112 N 11th St, Reading, PA 19601

    Recently renovated triplex in the heart of Reading offering a prime investment opportunity with strong income potential. This turnkey property features two of the three units with modern finishes throughout, including new flooring, fresh paint, upgraded kitchens with contemporary cabinetry and countertops. Major improvements provide peace of mind for investors and owner-occupants alike. Each unit

    Lisa Tartaglia Silverstone Real Estate LLC

    112 N 11th St, Reading, PA 19601
  • /7

    $470,000

    • Studio
    • 4,920 Sq Ft

    1027 Walnut St, Reading, PA 19601

    Calling all investors! 5 Residential Units now available on Walnut St. High traffic count and Central location makes residential units easy to rent. Excellent cash flow for the savvy investor. Current Rental / Lease Income Per Unit/Per Month: Unit/Apartment 1: $900 Unit/Apartment 2: $1200 Unit/Apartment 3: $750 Unit/Apartment 4: $850 Unit/Apartment 5: $850. Can be purchased individually or in a

    Jimmy Thelusca Pagoda Realty ERA Powered

    1027 Walnut St, Reading, PA 19601
  • /13

    $239,900

    New Construction
    • 2 Beds
    • 2.5 Baths
    • 1,200 Sq Ft

    1016 A Penn St, Reading, PA 19602

    Luxury Living at Park Place at Penn Discover a stunning collection of luxurious 2-story condominiums offering 2-bedroom layouts The residences redefine urban living in the heart of Reading, combining modern elegance with everyday convenience. Nestled in a unique, gated community, Park Place at Penn offers an unmatched lifestyle just minutes from City Park, the Santander Arena, and the DoubleTree

    Johanna Castaneda Coldwell Banker Realty

    1016 A Penn St, Reading, PA 19602

Why Live in Penn's Common

Penn's Common is a Reading neighborhood that blends historic charm and urban living. The community is highlighted by the 50-acre City Park, which features a splash pad, walking trails, and an all-abilities playground. The City Park Bandshell, part of Veterans’ Memorial Grove, hosts concerts and events. The residential streets feature early 1900s rowhouses with varied architectural styles and often featuring red brick facades and Victorian-era bay windows. Local dining options include numerous mom-and-pop eateries, like the popular Franklyn’s Breakfast. Residents head to CTown Supermarkets and neighborhood markets like Santa Rita Grocery for food and essentials. The Santander Arena, home to the Reading Royals hockey team, is a local highlight. The neighborhood is split into two zones for elementary and middle school. Some students attend 10th and Penn Elementary School, while others attend 16th and Haak Elementary School. Southern Middle School and Central Middle School serve older kids. Students then head to Reading Senior High School. Penn's Common is well-connected, with BARTA buses providing public transit and major cities like Philadelphia and Harrisburg accessible within 60 miles. Despite its urban density, the neighborhood offers a variety of recreational activities and cultural events, making it a vibrant place to live.

Penn's Common, Reading, PA Home Prices vs. Nearby Neighborhoods

Penn's Common Southeast Community Greenwich Reading City Center
Median Home Price
$171,500
$150,000
$185,000
$216,900
Median Sale Price
$174,500
-6% YoY
$142,500
+9% YoY
$182,000
+6% YoY
$190,000
+23% YoY
Median Single Family Price
$169,000
$147,450
$182,000
$193,500
Total Active Listings
2 listings
16 listings
9 listings
2 listings
Market Conditions
1 Month of Supply
Seller's Market
4 Months of Supply
Balanced Market
4 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market

Frequently Asked Questions

Is Penn's Common a good place to live?
Penn's Common is a good place to live. Penn's Common is considered fairly walkable and very bikeable with some transit options. Penn's Common has 8 parks for recreational activities.It is very dense in population with 23.0 people per acre and a median age of 35. The average household income is $41,933 which is below the national average. College graduates make up 13.6% of residents. A majority of residents in Penn's Common are renters, with 75% of residents renting and 25% of residents owning their home. A local real estate agent serving Penn's Common can help you decide if this neighborhood is the right one for you. Learn more on our Penn's Common neighborhood guide.
How much do you need to make to afford a house in Penn's Common?
The median home price in Penn's Common is $171,500. If you put a 20% down payment of $34,300 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $890 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $38K a year to afford the median home price in Penn's Common. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Penn's Common is $42K.
What are the best public schools in Penn's Common?
The best public schools that serve Penn's Common are:
What are the best private schools in Penn's Common?
The best private schools that serve Penn's Common are:
What are the most popular zip codes in Penn's Common, Reading, PA?
The most popular zip codes in Penn's Common, Reading, PA include 19601, 19604, 19602, 19606 and 19611.
What are the most popular neighborhoods near Penn's Common, Reading, PA?
The most popular neighborhoods near Penn's Common, Reading, PA are Southeast Community, Southeast Reading, Hillside, Saint Mary's and District 6.
Are home prices dropping in Penn's Common?
Yes, home prices in Penn's Common are down 12% in the last 12 months.
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