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Affordable
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These days, finding an affordable place to live in the New Berlin area can be challenging. Home prices in New Berlin are now at a median cost of $383,772, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,468/mo in New Berlin, primarily driven by the current value of real estate in the New Berlin area. In New Berlin, 23.55% of households rent, and 43.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Berlin is $9,058 per month. Households that rent pay about 16.20% of their income on rent here. New Berlin’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hales Corners, WI: less expensive homes
- West Allis, WI: less expensive homes
- Elm Grove, WI: higher priced homes
- Muskego, WI: higher priced homes
- Greenfield, WI: less expensive homes
- Brookfield, WI: higher priced homes
- Greendale, WI: less expensive homes
- Wauwatosa, WI: less expensive homes
- West Milwaukee, WI: less expensive homes
- Waukesha, WI: less expensive homes
Cities with Similar Populations
- Royal Palm Beach, FL: higher priced homes
- Kingman, AZ: less expensive homes
- Levittown, NY: higher priced homes
- Madison, TN: less expensive homes
- Maplewood, MN: less expensive homes
- Aguadilla, PR: less expensive homes
- Menlo Park, CA: higher priced homes
- Midlothian, TX: higher priced homes
- Milton, GA: higher priced homes
- Monrovia, CA: higher priced homes
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