Why Live in Penn's Common
                
                    
                    
                        Penn's Common in Reading, Pennsylvania, is a neighborhood with a blend of historic charm and urban living. The area is highlighted by the 50-acre City Park, established by the grandsons of William Penn. Recent renovations have added a splash pad, walking trails, and an all-abilities playground, enhancing the park's appeal. The City Park Bandshell, part of Veterans’ Memorial Grove, hosts concerts and events, adding to the neighborhood's attractions. The residential streets feature early 1900s row homes with varied architectural styles, including red brick and Victorian-era bay windows. Local dining options include numerous mom-and-pop eateries, such as the popular Franklyn’s Breakfast. For groceries, CTown Supermarkets and neighborhood markets like Santa Rita Grocery are conveniently located. The Santander Arena, home to the Reading Royals hockey team, is another local highlight. Education options include the highly rated Fairview Christian School, serving K-12 students. 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. The community's efforts to improve safety and provide amenities contribute to its unique character.
                    
                
            
        
                
                
                        
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 somewhat bikeable. Penn's Common has 8 parks for recreational activities. It is very dense in population with 22.8 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 74.7% of residents renting and 25.3% 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 $185,000. If you put a 20% down payment of $37,000 and had a 30-year fixed mortgage with an interest rate of 6.17%, your estimated principal and interest payment would be $900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $39K a year to afford the median home price in Penn's Common. 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?
                            
                             
                            
                                What are the most popular neighborhoods near Penn's Common, Reading, PA?
                            
                             
                            
                                Are home prices dropping in Penn's Common?
                            Yes, home prices in Penn's Common are down 7% in the last 12 months.
                             
                
        
    
        Home Trends in Penn's Common, PA
           On average, homes in Penn's Common, Reading sell after 27 days on the market compared to the national average of 53 days. The median sale price for homes in Penn's Common, Reading over the last 12 months is $185,000, up 3% from the median home sale price over the previous 12 months. 
		
			
    
            
                
                    
                            Median Sale Price
                            $185,000
                     
                 
                    
                        
                                Median Single Family Sale Price
                                $172,500
                         
                     
             
            
                
                    
                            Average Price Per Sq Ft
                            $104
                     
                 
                    
                        
                                Number of Homes for Sale
                                3
                         
                     
             
            
                
                    
                            Last 12 months Home Sales
                            13
                     
                 
                    
             
            
                
                    
                            Median List Price
                            $185,000
                     
                 
                    
                        
                                Median Change From 1st List Price
                                0%
                         
                     
             
            
                
                    
                            Median Home Sale Price YoY Change
                            3%