The housing market in Berne, NY is thriving. The median value for a house in the area is currently $296,300, which is lower than the US median value of $338,100. However, the one-year appreciation rate for houses in Berne has been 10.26%, compared to 8.27% nationally. This means that property values are increasing more rapidly in Berne than the national average. All indicators point to a strong housing market and it looks like this trend will continue into the future.
The median home cost in Berne is $296,300. Home appreciation the last 10 years has been 49.8%. Home Appreciation in Berne is up 11.8%.
Average Age of Homes
- The median age of Berne real estate is 45 years old
The Rental Market in Berne
- Renters make up 6.5% of the Berne population
- 0.8% 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.