Median price for residential apartments in Berea, KY as of Oct, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
124 Berea, KY, USA apartments for sale
Berea
According to statistics, the population in Berea, KY amounts to 14,927, which shows growth 2% compared to the previous year. The median age of the city’s residents is 30. The average household income is $41,503, shifting growth 3% from the past year, and the average property value in Berea, KY growth 2% to $134,000 throughout the year.
| Population | 14,927 |
| Median Age | 29.5 |
| Poverty Rate | 24% |
| Household Income | $41,503 |
| Number Of Employees | 6,992 |
| Median Property Value | $134,000 |
Household Income
The average household income in Berea, KY grew from $40,141 to $41,503 in the past year. This data is an estimate based upon 5,368 households in Berea, KY . The chart below presents how household income is distributed in Berea, KY in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Berea, KY shifted from $131,600 to $134,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Berea, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Berea, KY properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Berea, KY compared to median property taxes around the country. The prevalent amount of property taxes in Berea, KY equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Berea, KY, USA
Average apartment sale in Berea: $242,111 (-4.2%)
| Apartment Size | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $74,080 | -39.1% |
| 1-bed apartments | $119,900 | N/A |
| 2-bed apartments | $189,587 | +39.2% |
| 3-bed apartments | $258,462 | -2.7% |
| 4+ bed apartments | $304,886 | +3% |
During Oct 2022, the average price for an apartment in/near Berea, KY decreased by 4.2% to $242,111.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $119,900 with no changes this month. Asking price for 2-bed apartment also increased by 39.2% and a place of this size will now cost you $189,587. A 3-bed apartment goes for $258,462, it decreased by 2.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 3% and made it up to $304,886.
| Listing Type | Oct | vs Last Month |
|---|---|---|
| Houses for sale | $264,336 | -1.1% |
| Land for sale | $74,080 | -39.1% |
| Condos for sale | $300,000 | N/A |
Price reports demonstrate that house price decreased by 1.1% this month making it up to $264,336. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $300,000.