Berlin, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berlin Neighborhoods Since 2000




Berlin, MD 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 4,529, 1,577 total housing units (homes and apartments), and a median house value of $207,271, 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 69.11% of the town's housing units. Other types of housing that are prevalent in Berlin include large apartment complexes or high rise apartments ( 16.26%), row houses and other attached homes ( 7.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.92%).

The most prevalent building size and type in Berlin are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.28% owning and 36.72% renting.

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 2000 and later ( 30.31%). A lesser amount of the housing stock also hails from before 1939 ( 17.95%). There's also some housing in Berlin built between 1940-1969 ( 17.16%).

Vacant housing appears to be an issue in Berlin. Fully 16.74% of the housing stock is classified as vacant. Left unchecked, vacant Berlin homes and apartments can be a drag on the real estate market, holding Berlin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Berlin Home Appreciation Rates

Homes have actually lost value in Berlin over the last then years, as home values have seen a decline of 19.91% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Berlin home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

Appreciation rates are so strong in Berlin that despite a nationwide downturn in the housing market, Berlin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Berlin appreciation rates continue to be some of the highest in America, at 5.61%, which is higher than appreciation rates in 70.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Berlin. Berlin appreciation rates in the latest quarter were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to Maryland, our data show that Berlin's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Berlin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Berlin - 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 Berlin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$207,271

Berlin, MD HOME PRICES

Value Range
> $1,107,000 0.7
$830,001 - $1,107,000 0.4
$554,001 - $830,000 1.7
$443,001 - $554,000 4.3
$332,001 - $443,000 7.1
$222,001 - $332,000 33.4
$111,001 - $222,000 34.1
$55,001 - $111,000 7.3
$0 - $55,000 10.9

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
30.4465018164772 77.4809160305344

Number Of Homes And Apartments:
1,577

Berlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
67.43% 3.03% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,088 / per month

Homeownership Rate

Homeownership
Owners 63.28
Renters 36.72
Vacant 16.74

Housing Market Details

 

Age of Homes

AGE OF Berlin HOMES
2000 or Newer 30.3
1970 - 1999 34.6
1940 - 1969 17.2
1939 or Older 18.0

Types of Homes

TYPE OF Berlin HOMES
Single-Family 69.1
Townhomes 7.7
Small Apt. Buildings 6.9
Apt. Complexes 16.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Berlin HOMES
No Bedroom 2.43
1 Bedroom 9.77
2 Bedrooms 21.12
3 Bedrooms 54.49
4 Bedrooms 11.03
5 or more bedrooms 1.16