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 about Scout's Real Estate Data
With a population of 9,518, 3,638 total housing units (homes and apartments), and a median house value of $148,166, 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 53.41% 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 ( 32.88%), large apartment complexes or high rise apartments ( 11.44%), and a few row houses and other attached homes ( 1.26%).
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 49.72% owning and 50.28% renting.
The housing in Berlin was primarily built before 1939 ( 54.18%), 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 ( 27.62%), followed by between 1970-1999 ( 14.66%). There's also some housing in Berlin built between 2000 and later ( 3.54%).
Vacant housing appears to be an issue in Berlin. Fully 15.22% 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.
Real estate appreciation rates in Berlin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.30% during the period.
Appreciation rates are so strong in Berlin that despite a nationwide downturn in the housing market, Berlin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Berlin appreciation rates continue to be some of the highest in America, at 14.07%, which is higher than appreciation rates in 84.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Berlin. Berlin appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.47%.
Relative to New Hampshire, our data show that Berlin's latest annual appreciation rate is higher than 50% of the other cities and towns in New Hampshire.
$148,166
for New hampshire
for nation
3,638
$1,211 / per month