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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Berrien Springs, MI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Berrien Springs, MI Housing Market Trends

With 1,809 people, 771 houses or apartments, and a median cost of homes of $301,508, 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 68.84% of the village's housing units. Other types of housing that are prevalent in Berrien Springs include duplexes, homes converted to apartments or other small apartment buildings ( 15.75%), large apartment complexes or high rise apartments ( 12.60%), and a few row houses and other attached homes ( 1.75%).

The most prevalent building size and type in Berrien Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 58.37% owning and 41.63% renting.

The housing in Berrien Springs was primarily built before 1939 ( 38.97%), making the housing stock in Berrien Springs some of the oldest overall in America, although there is a range of ages of homes in Berrien Springs. The next most important housing age is between 1940-1969 ( 32.91%), followed by between 1970-1999 ( 21.35%). There's also some housing in Berrien Springs built between 2000 and later ( 6.77%).

Vacant housing appears to be an issue in Berrien Springs. Fully 10.04% 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.

Berrien Springs Home Appreciation Rates

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 5.47% during the period.

NeighborhoodScout's data show that during the latest twelve months, Berrien Springs's appreciation rate, at 6.07%, has been at or slightly above the national average. In the latest quarter, Berrien Springs's appreciation rate has been 3.06%, which annualizes to a rate of 12.81%.

Importantly, this makes Berrien Springs one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Michigan, our data show that Berrien Springs's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$301,508

Berrien Springs, MI Home Prices
> $1,296,000
$972,001 - $1,296,000
$648,001 - $972,000
$518,001 - $648,000
$389,001 - $518,000
$259,001 - $389,000
$130,001 - $259,000
$65,001 - $130,000
$0 - $65,000
0.0%
0.0%
1.4%
1.4%
3.3%
3.3%
3.7%
3.7%
10.6%
10.6%
29.4%
29.4%
47.8%
47.8%
2.9%
2.9%
1.0%
1.0%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

771

Berrien Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,146 / per month

Homeownership Rate

Owners
Renters
58.4%
58.4%
41.6%
41.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.8%
6.8%
21.4%
21.4%
32.9%
32.9%
39.0%
39.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.8%
68.8%
1.8%
1.8%
15.8%
15.8%
12.6%
12.6%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
14.8%
14.8%
30.2%
30.2%
38.4%
38.4%
9.6%
9.6%
5.6%
5.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Berrien Springs

Zip Codes in Berrien Springs, MI