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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 55,021, 19,904 total housing units (homes and apartments), and a median house value of $339,077, Berwyn real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Berwyn, accounting for 51.14% of the city's housing units. Other types of housing that are prevalent in Berwyn include duplexes, homes converted to apartments or other small apartment buildings ( 29.48%), large apartment complexes or high rise apartments ( 18.17%).
People in Berwyn primarily live in small (one, two or no bedroom) single-family detached homes. Berwyn has a mixture of owner-occupied and renter-occupied housing.
The housing in Berwyn was primarily built before 1939 ( 62.58%), making the housing stock in Berwyn some of the oldest overall in America, although there is a range of ages of homes in Berwyn. The next most important housing age is between 1940-1969 ( 27.70%), followed by between 1970-1999 ( 7.05%). There's also some housing in Berwyn built between 2000 and later ( 2.67%).
Appreciation rates for homes in Berwyn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.89%, which ranks in the top 30% nationwide. This equates to an annual average Berwyn house appreciation rate of 7.22%.
Over the last year, Berwyn appreciation rates have trailed the rest of the nation. In the last twelve months, Berwyn's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berwyn were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Berwyn's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Berwyn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Berwyn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Berwyn real estate investment or home purchase decisions.
$339,077
for Illinois
for nation
19,904
$1,859 / per month