Berlin, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berlin Neighborhoods Since 2000




Berlin, NH 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 9,367, 4,095 total housing units (homes and apartments), and a median house value of $80,962, house prices in Berlin are some of the most affordable in New Hampshire as well as the nation.

Single-family detached homes are the single most common housing type in Berlin, accounting for 52.69% of the city's housing units. Other types of housing that are prevalent in Berlin include duplexes, homes converted to apartments or other small apartment buildings ( 34.20%), large apartment complexes or high rise apartments ( 9.82%), and a few row houses and other attached homes ( 2.27%).

The most prevalent building size and type in Berlin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.75% owning and 47.25% renting.

The housing in Berlin was primarily built before 1939 ( 50.79%), making the housing stock in Berlin some of the oldest overall in America, although there is a range of ages of homes in Berlin. The next most important housing age is between 1940-1969 ( 29.28%), followed by between 1970-1999 ( 17.95%). There's also some housing in Berlin built between 2000 and later ( 1.99%).

Vacant housing appears to be an issue in Berlin. Fully 15.32% 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 26.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Berlin home appreciation rates at -0.46%, which equates to an annual appreciation rate of -1.83%.

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 -0.81%, 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 -0.46%, which equates to an annual appreciation rate of -1.83%.

Relative to New Hampshire, our data show that Berlin's latest annual appreciation rate is lower than 90% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$80,962

Berlin, NH HOME PRICES

Value Range
> $930,000 0.4
$698,001 - $930,000 0.0
$465,001 - $698,000 0.2
$372,001 - $465,000 1.3
$279,001 - $372,000 2.8
$186,001 - $279,000 5.2
$93,001 - $186,000 23.3
$46,001 - $93,000 56.0
$0 - $46,000 10.8

Very Low for NH
Very Low for Nation

Value Relative to Nation Value Relative to State
89.909762100082 100.0

Number Of Homes And Apartments:
4,095

Berlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
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
20.43% 1.08% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$890 / per month

Homeownership Rate

Homeownership
Owners 52.75
Renters 47.25
Vacant 15.32

Housing Market Details

 

Age of Homes

AGE OF Berlin HOMES
2000 or Newer 2.0
1970 - 1999 17.9
1940 - 1969 29.3
1939 or Older 50.8

Types of Homes

TYPE OF Berlin HOMES
Single-Family 52.7
Townhomes 2.3
Small Apt. Buildings 34.2
Apt. Complexes 9.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Berlin HOMES
No Bedroom 1.18
1 Bedroom 11.19
2 Bedrooms 33.77
3 Bedrooms 41.36
4 Bedrooms 10.38
5 or more bedrooms 2.13