Berlin, WI 54923 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Berlin, WI—54923

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$234,000

9.0% YoY Growth

Household Income

$63,800

21.4% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$799

5.5% YoY Growth

1-Bed Rent

$799

6.3% YoY Growth

2-Bed Rent

$799

13.6% YoY Growth

3-Bed Rent

$969

19.2% YoY Growth

Home Price Trends — Berlin, WI

Berlin, WI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$234,000	9.0%
Single Family	$233,000	9.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Berlin, WI

As of July '25, Rentcast reports the average rent in Berlin, WI is $792, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Berlin, WI is studios: $599, 1-bedrooms: $789, 2-bedrooms: $817, 3-bedrooms: $969. The most common rental property sizes in Berlin, WI are 2-bedroom and 1-bedroom, accounting for 42.9% and 25.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$799	$792
Studio Rent	$499	$599
1 Bed Rent	$799	$789
2 Bed Rent	$799	$817
3 Bed Rent	$969	$969
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.6%

1 Bedroom

25.1%

2 Bedrooms

42.9%

3 Bedrooms

12.5%

4 Bedrooms

3.4%

5+ Bedrooms

7.6%

Property Listings — Berlin, WI

As of Dec '25, Realtor.com reports that the median days on market for a home in Berlin, WI is 51. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$232,000	-6.0%
Listing Count	35	7.0%
Listings as % of Homes	0.2%	7.0%
Days on Market	57	19.0%

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Demographics — Berlin, WI

As of the latest ACS Survey released in 2023, Berlin, WI has a population of 8,850, which has remained stable by 0.4% over the past 5 years. Berlin, WI is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,850	0.4%
% Under 18	21.4%	-9.3%
% Seniors	18.1%	-3.2%
% WFH	7.1%	129.0%
% w/ College Degree	19.5%	5.4%

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As of the latest ACS Survey released in 2023, Berlin, WI is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Berlin, WI is hispanic, making up 9.7% of the population. Foreign-born residents account for 1.9% of the population in Berlin, WI, and this percentage has decreased by 57.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.8%	-6.8%
% Black	0.8%	100.0%
% Hispanic	9.7%	54.0%
% Asian	1.1%	∞%
% Foreign Born	1.9%	-57.8%

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Mortgage and Risk — Berlin, WI

According to HUD data as of 2023, there were 113 mortgage originations in Berlin, WI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Berlin, WI. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	113
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Berlin, WI

Berlin, WI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	117
Total Units Section 8	111
% Rentals under Section 8	10.1%
% Occupied Section 8	91.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$29	$799	$770
2 Bedroom	$211	$799	$1,010
3 Bedroom	$281	$969	$1,250
4 Bedroom	N/A	N/A	$1,430

Berlin, WI—54923

Key Metrics at a Glance

Home Price Trends — Berlin, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berlin, WI

% of Rental Stock

Property Listings — Berlin, WI

Demographics — Berlin, WI

Race and Ethnicity

Mortgage and Risk — Berlin, WI

Mortgages

Rentals and Section 8 — Berlin, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Berlin, WI

Home Price to Income Ratio

Berlin, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Ripon, WI

Waukau

Omro, WI

Winneconne, WI

Utica, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$234,000
Median Household Income	$63,800

Berlin, WI—54923

Key Metrics at a Glance

Home Price Trends — Berlin, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berlin, WI

% of Rental Stock

Property Listings — Berlin, WI

Demographics — Berlin, WI

Race and Ethnicity

Mortgage and Risk — Berlin, WI

Mortgages

Rentals and Section 8 — Berlin, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Berlin, WI

Home Price to Income Ratio

Berlin, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Ripon, WI

Waukau

Omro, WI

Winneconne, WI

Utica, WI

Frequently Asked Questions

What is the average home price in Berlin, WI 54923?

How have home prices in Berlin, WI 54923 changed over the past year?

What is the home price projection for Berlin, WI 54923?

What are the demographics of Berlin, WI 54923?

How long does it take homes to sell in Berlin, WI 54923?

What is the average rent price in Berlin, WI 54923?