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 9,518 people, 3,638 houses or apartments, and a median cost of homes of $149,350, 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.
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 88.89%, which ranks in the top 50% nationwide. This equates to an annual average Berlin house appreciation rate of 6.57%.
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 3.82%, 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 1.13%, which equates to an annual appreciation rate of 4.60%.
Relative to New Hampshire, our data show that Berlin's latest annual appreciation rate is lower than 90% of the other cities and towns in New Hampshire.
$149,350
for New hampshire
for nation
3,638
$1,286 / per month