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
With a population of 1,764, 539 total housing units (homes and apartments), and a median house value of $169,470, Berrien Springs real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Berrien Springs, accounting for 67.70% of the village's housing units. Other types of housing that are prevalent in Berrien Springs include large apartment complexes or high rise apartments ( 20.16%), duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), and a few row houses and other attached homes ( 1.80%).
People in Berrien Springs primarily live in small (one, two or no bedroom) single-family detached homes. Berrien Springs has a mixture of owner-occupied and renter-occupied housing.
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. Berrien Springs's housing was primarily built during this period, from the '40s through the '60s. A full 36.89% of the village's housing hails from this era. Other housing ages represented in Berrien Springs include homes built before 1939 ( 30.49%) and housing constructed between 1970-1999 ( 19.84%). There's also some housing in Berrien Springs built between 2000 and later ( 12.79%).
Vacant housing appears to be an issue in Berrien Springs. Fully 11.64% of the housing stock is classified as vacant. Left unchecked, vacant Berrien Springs homes and apartments can be a drag on the real estate market, holding Berrien Springs 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.
Real estate appreciation rates in Berrien Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.68% during the period.
Over the last year, Berrien Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Berrien Springs's appreciation rate has been -0.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berrien Springs were at 0.27%, which equates to an annual appreciation rate of 1.07%.
Relative to Michigan, our data show that Berrien Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.
|$790,001 - $1,053,000||0.0|
|$526,001 - $790,000||2.6|
|$421,001 - $526,000||4.0|
|$316,001 - $421,000||3.4|
|$210,001 - $316,000||17.3|
|$105,001 - $210,000||52.9|
|$53,001 - $105,000||15.6|
|$0 - $53,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Berrien Springs HOMES|
|2000 or Newer||12.8|
|1970 - 1999||19.8|
|1940 - 1969||36.9|
|1939 or Older||30.5|
|TYPE OF Berrien Springs HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Berrien Springs HOMES|
|5 or more bedrooms||4.26|