Berlin appreciation rates and housing market information

Berlin housing market information

With 18,215 people, 6,955 houses or apartments, and a median cost of homes of $337,300, real estate costs in Berlin are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

single-family detached homes are the single most common housing type in Berlin, accounting for 83.70% of the town's housing units. Other types of housing that are prevalent in Berlin include duplexes, homes converted to apartments, or other small apartment buildings (8.28%), large apartment complexes or high rise apartments (4.33%), row houses and other attached homes (3.05%), and a few mobile homes or trailers (0.65%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Berlin. Owner-occupied housing accounts for 86.21% of Berlin's homes, and 72.05% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Berlin's housing was primarily built during this period, from the '40s through the '60s. A full 42.13% of the town's housing hails from this era. Other housing ages represented in Berlin include homes built between 1970-1994 (32.68%), and housing constructed from 1939 and earlier (17.76%). There's also some housing in Berlin built between 1995 and later (7.43%).

Berlin home appreciation rates

Appreciation rates for homes in Berlin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.06%, which ranks in the top 40% nationwide. This equates to an annual average Berlin house appreciation rate of 8.70%.

Over the last year, Berlin appreciation rates have trailed the rest of the nation. In the last twelve months, Berlin's appreciation rate has been -0.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berlin were at -1.02%, which equates to an annual appreciation rate of -4.08%.

Relative to Connecticut, our data show that Berlin's latest annual appreciation rate is higher than 79% of the other cities and towns in Connecticut.