The story of this market
The typical home in ZIP 01864 sells for about $814,000, or $385 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 6 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,850 a month.
ZIP 01864 — North Reading
The North Reading housing market remains highly competitive with low inventory and strong demand, driving median prices upward. Buyers are active, resulting in short days on market and high sale-to-list ratios. The area's appeal is bolstered by its high-quality school system and suburban location, which continue to attract families despite the high price point.
This ZIP is ideal for families seeking high-quality public schools and a suburban lifestyle, as well as professionals commuting to the Greater Boston area who value a quieter residential environment.
Median prices moved up 4.2% year over year.
Homes spend a median of 6 days on market with 2.4 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 2.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 01864, Middlesex County, MA
North Reading reports low crime rates, generally remaining well below state and national averages for violent and property crime.
The North Reading Public School District is highly regarded, with schools like L.D. Batchelder consistently performing well in state accountability metrics.
The area faces standard New England climate risks, including winter storm exposure and localized flood risks in low-lying areas near the Ipswich River watershed.
Economic momentum is driven by its proximity to the I-93 and I-95 corridors, supporting a mix of residential growth and local commercial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents primarily commute by car toward Boston or the I-93/I-95 employment hubs, with a mean travel time to work of approximately 33.6 minutes.
The area features significant green space including Ipswich River Park and various town-managed trails, alongside local shopping and dining along Main Street.
The rental market is characterized by low vacancy rates and high demand, with a mix of luxury apartment complexes and single-family home rentals.
The local economy is supported by a mix of professional services, healthcare, and retail, with many residents employed in the broader Boston-Cambridge-Newton metro area.
Transportation is heavily reliant on private vehicles, with access to I-93 and I-95 providing the primary transit corridors for the region.
Development is focused on maintaining the town's suburban character while addressing housing needs through targeted multi-family projects.
The Middlesex County assessment regime is managed at the municipal level by the Town of North Reading's Board of Assessors.
Parcels are subject to municipal property taxes and standard school district levies; no major MUD/PID districts are prevalent.
Property insurance premiums are stable but reflect regional risks associated with winter weather and potential flood zones.
The state experiences a net outflow of domestic residents, though suburban towns like North Reading maintain steady population growth.
Massachusetts is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Massachusetts is a caveat emptor state, though sellers must disclose known material defects in writing.
Data retrieved from Census Reporter and US Census Bureau QuickFacts.
- Boston Tea Party Ships & Museum4.615.5 mi
- Canobie Lake Park4.517.2 mi
- Kimball Farm Westford4.619.1 mi
- F1 Arcade Boston4.515.6 mi
- Museum of Illusions Boston4.515 mi
- Fenway Park4.815.8 mi
- TD Garden4.614.5 mi
- Thomas M. Menino Convention & Exhibition Center4.516 mi
- Canobie Lake Park4.517.2 mi
- MGM Music Hall at Fenway4.415.8 mi
- Salem Witch Museum3.810.5 mi
- Stone Zoo4.37.8 mi
- AMC Assembly Row 124.212.5 mi
- Kowloon Restaurant4.28 mi
- LEGO® Discovery Center Boston412.5 mi
- Museum of Fine Arts, Boston4.816.3 mi
- Boston Public Library4.815.6 mi
- Isabella Stewart Gardner Museum4.716.4 mi
- Museum of Science4.714.3 mi
- Boston Tea Party Ships & Museum4.615.5 mi
- Middlesex Fells Reservation4.78.3 mi
- Salem Witch Trials Memorial4.610.5 mi
- Salem Willows Park4.611.3 mi
- Shannon Beach4.49.8 mi
- Breakheart Reservation4.76.9 mi
- Wamesit Lanes - Family Entertainment Center ( Bowling & Arcade Game Rooms )4.39.3 mi
- Trull Brook Golf Course3.910.4 mi
- Unicorn Golf Course3.86.1 mi
- Black Swan Country Club3.910.6 mi
- Far Corner Golf4.211 mi
- Burlington Mall4.49.1 mi
- Encore Boston Harbor4.312.5 mi
- Assembly Row4.512.5 mi
- Northshore Mall4.47.6 mi
- Square One Mall4.18.4 mi
- Boston Logan International Airport4.115 mi
- Manchester-Boston Regional Airport4.630.3 mi
- Park Shuttle & Fly4.513.3 mi
- The Lounge3.414.7 mi
- DaCoopas Pizza4.113.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major town park featuring sports fields, walking trails, and river access.
The primary commercial corridor featuring local restaurants and retail services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.