Reading Eviction Risk: Lower

Average gross rent is $855, 57% below the Reading average. Pulling hardest the other way is economic stress at 1/10.

Cost burden runs 30% here against 43.0% across Middlesex County. Well under the midpoint, supply constraint reads 1/10.

Running hot, local political climate reads 8.3/10. Severe burden reaches 16%. Those are renters paying half their income or more, and that is where non-payment filings originate.

SNAP participation runs 6.6% against 15.2% nationally. The filing record is not thin: 15 evictions over 5 years of observation. Housing insecurity runs 6.1% against 14.2% nationally.

The worst year on record was 2015, when 1.9% of renter households were served. In a typical year about 1.4% of renter households face a filing. On the national scale it lands near the 29th percentile of the 84,120 tracts scored.

At 9% renter-occupied this is predominantly owner territory, and comps have to be drawn from further out. Social vulnerability reads 1.8/10 on the CDC index, a measure of exposure to housing and economic shocks. Rent consumes only 6% of average household income of $163,993, an unusually wide affordability cushion.

Statewide the MA average is 6.2, so this tract runs 2.8 points cooler.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.