Berlin, NY has a housing median value of $188,300, which is significantly lower than the US House Median Value of $338,100. However, the one year house appreciation rate in Berlin is 9.88%, higher than the US average of 8.27%. This suggests that despite the lower median value of homes in Berlin compared to other parts of the country, it is still seeing an increase in home values. This could make it a great place for potential buyers looking for a bargain or investors looking to capitalize on future value increases.
The median home cost in Berlin (zip 12022) is $188,300. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Berlin (zip 12022) is up 11.8%.
Average Age of Homes
- The median age of Berlin (zip 12022) real estate is 58 years old
The Rental Market in Berlin (zip 12022)
- Renters make up 19.2% of the Berlin (zip 12022) population
- 0.0% of houses and apartments in Berlin (zip 12022), 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.