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 1,567 people, 663 houses or apartments, and a median cost of homes of $270,133, East Berlin real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in East Berlin, accounting for 64.89% of the borough's housing units. Other types of housing that are prevalent in East Berlin include duplexes, homes converted to apartments or other small apartment buildings ( 17.93%), large apartment complexes or high rise apartments ( 10.22%), and a few row houses and other attached homes ( 5.63%).
The most prevalent building size and type in East Berlin are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 64.57% owning and 35.43% renting.
The housing in East Berlin was primarily built before 1939 ( 30.67%), making the housing stock in East Berlin some of the oldest overall in America, although there is a range of ages of homes in East Berlin. The next most important housing age is between 1970-1999 ( 30.37%), followed by between 1940-1969 ( 25.04%). There's also some housing in East Berlin built between 2000 and later ( 13.93%).
East Berlin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Berlin during the period has been just 4.82%, which is lower than 80% of US communities.
Appreciation rates are so strong in East Berlin that despite a nationwide downturn in the housing market, East Berlin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Berlin appreciation rates continue to be some of the highest in America, at 8.95%, which is higher than appreciation rates in 71.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Berlin. East Berlin appreciation rates in the latest quarter were at 0.83%, which equates to an annual appreciation rate of 3.36%.
Relative to Pennsylvania, our data show that East Berlin's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.
$270,133
for Pennsylvania
for nation
663
$1,679 / per month