The housing in Berea, KY is relatively affordable compared to the US median value for a house of $338,100. The median value for a house in Berea is $195,900 which is 43% lower than the US median value. House appreciation has also tracked closely to the national average with an appreciation rate of 8.08% versus the US average of 8.27%. This suggests that housing prices in Berea are keeping pace with the rest of the country and are continuing to increase in value.
The median home cost in Berea is $195,900. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Berea is up 15.5%.
Average Age of Homes
- The median age of Berea real estate is 27 years old
The Rental Market in Berea
- Renters make up 41.0% of the Berea population
- 2.4% of houses and apartments in Berea, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.