New Berlin, TX is a great place to live for prospective homeowners as it has higher than average home appreciation rate. The median value of housing in New Berlin is $401,500 which is significantly higher than the US Housing Median Value of $338,100 and has increased 16.24% within the last year which is more than double the national 1 year house appreciation rate of 8.27%. This indicates that buying a property in New Berlin may be a good investment for potential buyers.
The median home cost in New Berlin is $401,500. Home appreciation the last 10 years has been 114.2%. Home Appreciation in New Berlin is up 19.4%.
Average Age of Homes
- The median age of New Berlin real estate is 22 years old
The Rental Market in New Berlin
- Renters make up 9.7% of the New Berlin population
- 2.0% 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.