Berlin, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berlin Neighborhoods Since 2000




Berlin, PA 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 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.

Berlin Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$119,431

Berlin, PA HOME PRICES

Value Range
> $1,036,000 0.0
$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

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
65.7095980311731 62.8019323671498

Number Of Homes And Apartments:
782

Berlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
46.80% 2.25% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$689 / per month

Homeownership Rate

Homeownership
Owners 67.76
Renters 32.24
Vacant 11.14

Housing Market Details

 

Age of Homes

AGE OF Berlin HOMES
2000 or Newer 3.8
1970 - 1999 38.9
1940 - 1969 19.8
1939 or Older 37.6

Types of Homes

TYPE OF Berlin HOMES
Single-Family 63.0
Townhomes 0.5
Small Apt. Buildings 6.0
Apt. Complexes 15.7
Mobile Homes 14.9
Other 0.0

Home Size

SIZE OF Berlin HOMES
No Bedroom 3.41
1 Bedroom 11.82
2 Bedrooms 21.02
3 Bedrooms 45.57
4 Bedrooms 14.43
5 or more bedrooms 3.75