Berlin borough, NJ is a great place to own a home. The median value of homes in the area is $308,700, which is slightly less than the US median house value of $338,100. Furthermore, in the past year house appreciation has increased by 15.62%, while the national average appreciation rate was 8.27%. This indicates that Berlin borough is an excellent investment for those looking to purchase and own a home.
The median home cost in Berlin is $308,700. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Berlin is up 18.1%.
Average Age of Homes
- The median age of Berlin real estate is 45 years old
The Rental Market in Berlin
- Renters make up 18.8% of the Berlin population
- 1.9% of houses and apartments in 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.