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 2,019 people, 782 houses or apartments, and a median cost of homes of $119,431, house prices in Berlin are solidly below the national average.
Single-family detached homes are the single most common housing type in Berlin, accounting for 62.95% of the borough's housing units. Other types of housing that are prevalent in Berlin include large apartment complexes or high rise apartments ( 15.68%), mobile homes or trailers ( 14.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Berlin. Owner-occupied housing accounts for 67.76% of Berlin's homes, and 60.00% have either three or four bedrooms, which is average sized relative to America.
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 before 1939 ( 37.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.77%). There's also some housing in Berlin built between 2000 and later ( 3.75%).
Vacant housing appears to be an issue in Berlin. Fully 11.14% 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.
Appreciation rates for homes in Berlin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.05%, which ranks in the top 30% nationwide. This equates to an annual average Berlin house appreciation rate of 1.14%.
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 1.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berlin were at -1.59%, which equates to an annual appreciation rate of -6.20%.
Notably, Berlin's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that Berlin's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.
|$777,001 - $1,036,000||0.0|
|$518,001 - $777,000||0.9|
|$414,001 - $518,000||1.6|
|$311,001 - $414,000||5.3|
|$207,001 - $311,000||15.2|
|$104,001 - $207,000||31.9|
|$52,001 - $104,000||28.1|
|$0 - $52,000||17.0|
|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 Berlin HOMES|
|2000 or Newer||3.8|
|1970 - 1999||38.9|
|1940 - 1969||19.8|
|1939 or Older||37.6|
|TYPE OF Berlin HOMES|
|Small Apt. Buildings||6.0|
|SIZE OF Berlin HOMES|
|5 or more bedrooms||3.75|