New Berlin, IL is a great place to live, with housing at a median value of $154,700. This is far less than the US house median value of $338,100. The US has seen an 8.27% appreciation in house values over the past year, while New Berlin has seen a 6.36% appreciation in house values over the same period - still a respectable amount of growth! With housing prices lower than average and steady growth, New Berlin is an excellent choice for those looking for a more affordable place to live without sacrificing too much in terms of potential returns on their investments.
The median home cost in New Berlin is $154,700. Home appreciation the last 10 years has been 37.5%. Home Appreciation in New Berlin is up 11.6%.
Average Age of Homes
- The median age of New Berlin real estate is 36 years old
The Rental Market in New Berlin
- Renters make up 28.3% of the New Berlin population
- 3.1% of houses and apartments in New Berlin, 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.