Housing in New Berlin, NY is a great investment. The median value of homes in the area is $157,500, which is substantially lower than the US housing median value of $338,100. This difference in affordability makes owning a home in this region much more achievable for prospective buyers. Furthermore, the housing market has outperformed many other areas in terms of appreciation with 1 year house appreciation being 10.60%, while the US average was 8.27%. With such attractive prices and a growing market, New Berlin, NY could be an ideal choice for those looking to invest in property.
The median home cost in New Berlin is $157,500. Home appreciation the last 10 years has been 64.0%. Home Appreciation in New Berlin is up 15.4%.
Average Age of Homes
- The median age of New Berlin real estate is 70 years old
The Rental Market in New Berlin
- Renters make up 16.8% of the New Berlin population
- 4.1% 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.