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 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.
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.
$228,348
for Kentucky
for nation
61
$1,383 / per month