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 10,223 people, 4,112 houses or apartments, and a median cost of homes of $101,633, house prices in Berwick are solidly below the national average.
Single-family detached homes are the single most common housing type in Berwick, accounting for 59.34% of the borough's housing units. Other types of housing that are prevalent in Berwick include duplexes, homes converted to apartments or other small apartment buildings ( 21.58%), row houses and other attached homes ( 9.26%), and a few large apartment complexes or high rise apartments ( 5.64%).
The most prevalent building size and type in Berwick are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 57.58% owning and 42.42% renting.
The housing in Berwick was primarily built before 1939 ( 48.64%), making the housing stock in Berwick some of the oldest overall in America, although there is a range of ages of homes in Berwick. The next most important housing age is between 1940-1969 ( 33.61%), followed by between 1970-1999 ( 15.24%). There's also some housing in Berwick built between 2000 and later ( 2.51%).
Vacant housing appears to be an issue in Berwick. Fully 12.47% of the housing stock is classified as vacant. Left unchecked, vacant Berwick homes and apartments can be a drag on the real estate market, holding Berwick 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 Berwick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.07% during the period.
Over the last year, Berwick appreciation rates have trailed the rest of the nation. In the last twelve months, Berwick's appreciation rate has been -0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berwick were at 1.70%, which equates to an annual appreciation rate of 6.98%.
Importantly, this makes Berwick one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Berwick's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
|$755,001 - $1,006,000||0.0|
|$503,001 - $755,000||1.9|
|$402,001 - $503,000||0.0|
|$302,001 - $402,000||2.1|
|$201,001 - $302,000||3.2|
|$100,001 - $201,000||39.6|
|$50,001 - $100,000||46.2|
|$0 - $50,000||7.1|
|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 Berwick HOMES|
|2000 or Newer||2.5|
|1970 - 1999||15.2|
|1940 - 1969||33.6|
|1939 or Older||48.6|
|TYPE OF Berwick HOMES|
|Small Apt. Buildings||21.6|
|SIZE OF Berwick HOMES|
|5 or more bedrooms||3.77|