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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Berry, KY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Berry, KY Housing Market Trends

With 253 people, 61 houses or apartments, and a median cost of homes of $228,348, house prices in Berry are solidly below the national average.

Single-family detached homes are the single most common housing type in Berry, accounting for 86.08% of the city's housing units. Other types of housing that are prevalent in Berry include duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), mobile homes or trailers ( 2.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Berry. Owner-occupied housing accounts for 78.69% of Berry's homes, and 69.62% have either three or four bedrooms, which is average sized relative to America.

The housing in Berry was primarily built before 1939 ( 44.30%), making the housing stock in Berry some of the oldest overall in America, although there is a range of ages of homes in Berry. The next most important housing age is between 1940-1969 ( 27.85%), followed by between 1970-1999 ( 16.46%). There's also some housing in Berry built between 2000 and later ( 11.39%).

Vacant housing appears to be an issue in Berry. Fully 22.78% of the housing stock is classified as vacant. Left unchecked, vacant Berry homes and apartments can be a drag on the real estate market, holding Berry 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.

Berry Home Appreciation Rates

Real estate appreciation rates in Berry's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.

NeighborhoodScout's data show that during the latest twelve months, Berry's appreciation rate, at 6.40%, has been at or slightly above the national average. In the latest quarter, Berry's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.

Relative to Kentucky, our data show that Berry's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.

Average Home Values

Median Home Value

$228,348

Berry, KY Home Prices
> $1,382,000
$1,036,001 - $1,382,000
$691,001 - $1,036,000
$553,001 - $691,000
$415,001 - $553,000
$276,001 - $415,000
$138,001 - $276,000
$69,001 - $138,000
$0 - $69,000
4.7%
4.7%
0.0%
0.0%
12.9%
12.9%
0.2%
0.2%
10.5%
10.5%
10.3%
10.3%
31.4%
31.4%
18.2%
18.2%
11.8%
11.8%
0% 100.0%
% of Homes
High

for Kentucky

Low

for nation

Number of Homes And Apartments:

61

Berry Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,383 / per month

Homeownership Rate

Owners
Renters
78.7%
78.7%
21.3%
21.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
22.8%
22.8%
77.2%
77.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.4%
11.4%
16.5%
16.5%
27.8%
27.8%
44.3%
44.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.1%
86.1%
0.0%
0.0%
11.4%
11.4%
0.0%
0.0%
2.5%
2.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.3%
6.3%
5.1%
5.1%
19.0%
19.0%
50.6%
50.6%
19.0%
19.0%
0.0%
0.0%
0% 100.0%
% of Homes