The housing market in Berlin, NY is booming. The median value of homes in the area is $224,700 which is significantly lower than the US median house value of $338,100. In the past year, the appreciation rate for homes in Berlin, NY has been 11.01%, higher than the US 1 year house appreciation rate of 8.27%. This indicates that housing prices are on the rise in Berlin and it's becoming an increasingly attractive option for those looking to buy a home in New York State.
The median home cost in Berlin is $224,700. Home appreciation the last 10 years has been 50.9%. Home Appreciation in Berlin is up 11.8%.
Average Age of Homes
- The median age of Berlin real estate is 52 years old
The Rental Market in Berlin
- Renters make up 11.4% 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.