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 10,270 people, 4,557 houses or apartments, and a median cost of homes of $184,011, house prices in Berwick are solidly below the national average.
Single-family detached homes are the single most common housing type in Berwick, accounting for 60.45% of the borough's housing units. Other types of housing that are prevalent in Berwick include duplexes, homes converted to apartments or other small apartment buildings ( 19.21%), row houses and other attached homes ( 9.70%), and a few large apartment complexes or high rise apartments ( 7.76%).
The most prevalent building size and type in Berwick are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 61.33% owning and 38.67% renting.
The housing in Berwick was primarily built before 1939 ( 36.65%), making the housing stock in Berwick some of the oldest overall in America, although there is a range of ages of homes in Berwick. The next most important housing age is between 1970-1999 ( 33.22%), followed by between 1940-1969 ( 26.96%). There's also some housing in Berwick built between 2000 and later ( 3.17%).
Berwick's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Berwick during the period has been just 4.55%, which is lower than 80% of US communities.
Over the last year, Berwick appreciation rates have trailed the rest of the nation. In the last twelve months, Berwick's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berwick were at 3.52%, which equates to an annual appreciation rate of 14.86%.
Importantly, this makes Berwick one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Berwick's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$184,011
for Pennsylvania
for nation
4,557
$1,120 / per month