The housing market in Berne, IN is thriving. The median value of homes in the area is $190,600 which is lower than the US median value of $338,100. This makes Berne a great place to purchase a home at an affordable price. In addition, the 1 year house appreciation rate in Berne is 9.06%, which is higher than the national appreciation rate of 8.27%. This means that investing in property in Berne can yield a good return on investment over time, making it a great option for those looking to buy a home or invest in real estate.
The median home cost in Berne is $190,600. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Berne is up 15.6%.
Average Age of Homes
- The median age of Berne real estate is 49 years old
The Rental Market in Berne
- Renters make up 31.9% of the Berne population
- 3.6% of houses and apartments in Berne, 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.