Berlin, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berlin Neighborhoods Since 2000




Berlin, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Berlin Housing Market Information

With a population of 20,560, 7,911 total housing units (homes and apartments), and a median house value of $273,184, Berlin real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Berlin, accounting for 75.71% 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 ( 11.46%), large apartment complexes or high rise apartments ( 9.40%), and a few row houses and other attached homes ( 2.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Berlin. Owner-occupied housing accounts for 84.40% of Berlin's homes, and 67.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Berlin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Berlin built between 1940-1969 ( 32.83%). A lesser amount of the housing stock also hails from before 1939 ( 15.95%). There's also some housing in Berlin built between 2000 and later ( 14.06%).

Berlin Home Appreciation Rates

Berlin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Berlin during the period has been just -1.51%, which is lower than 80% of US communities.

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 1.21%, 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 -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Berlin's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Berlin's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$273,184

Berlin, CT HOME PRICES

Value Range
> $1,009,000 0.2
$757,001 - $1,009,000 0.6
$504,001 - $757,000 5.5
$404,001 - $504,000 10.6
$303,001 - $404,000 26.1
$202,001 - $303,000 42.3
$101,001 - $202,000 10.9
$51,001 - $101,000 0.2
$0 - $51,000 3.7

Average for CT
Very High for Nation

Value Relative to Nation Value Relative to State
19.3425524434548 53.2544378698225

Number Of Homes And Apartments:
7,911

Berlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.21% 1.45% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,075 / per month

Homeownership Rate

Homeownership
Owners 84.40
Renters 15.60
Vacant 5.06

Housing Market Details

 

Age of Homes

AGE OF Berlin HOMES
2000 or Newer 14.1
1970 - 1999 37.2
1940 - 1969 32.8
1939 or Older 15.9

Types of Homes

TYPE OF Berlin HOMES
Single-Family 75.7
Townhomes 2.8
Small Apt. Buildings 11.5
Apt. Complexes 9.4
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Berlin HOMES
No Bedroom 0.00
1 Bedroom 8.22
2 Bedrooms 20.68
3 Bedrooms 49.30
4 Bedrooms 18.05
5 or more bedrooms 3.76