Median price for residential apartments in Berlin, NJ as of Nov, 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.
47 Berlin, NJ 08009, USA apartments for sale
Berlin
According to statistics, the population in Berlin, NJ amounts to 7,612, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $90,354, shifting growth 3% from the past year, and the average property value in Berlin, NJ decline 1% to $232,300 throughout the year.
| Population | 7,612 |
| Median Age | 41.8 |
| Poverty Rate | 6% |
| Household Income | $90,354 |
| Number Of Employees | 3,641 |
| Median Property Value | $232,300 |
Household Income
The average household income in Berlin, NJ grew from $87,697 to $90,354 in the past year. This data is an estimate based upon 2,750 households in Berlin, NJ . The chart below presents how household income is distributed in Berlin, NJ in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Berlin, NJ shifted from $230,500 to $232,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Berlin, NJ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Berlin, NJ properties falls in the '$200,000 to $249,999' 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 Berlin, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Berlin, NJ equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Berlin, NJ 08009, USA
Average apartment sale in Berlin: $346,066 (+4.1%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $199,450 | -9.1% |
| 2-bed apartments | $319,900 | N/A |
| 3-bed apartments | $305,178 | +20.9% |
| 4+ bed apartments | $429,183 | -4.2% |
During Nov 2022, the average price for an apartment in/near Berlin, NJ increased by 4.1% to $346,066.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $319,900. A 3-bed apartment goes for $305,178, it increased by 20.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.2% and made it down to $429,183.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $362,755 | +1.6% |
| Condos for sale | $299,900 | N/A |
| Townhouses for sale | $174,923 | N/A |
| Land for sale | $99,900 | -28.6% |
Price reports demonstrate that house price increased by 1.6% this month making it up to $362,755. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $299,900. Value of the townhouses didn’t change, the price still starts at $174,923.