New Berlin, Wisconsin Housing Market Prices
New Berlin Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 120% above the Wisconsin median$374,844
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Median rent 30% above the Wisconsin median$1,412
Housing Market Overview
| Metric | New Berlin | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,844 | $170,479 | $248,835 |
| Price Trend (Annual %) | 17.3% | 4.2% | 7.5% |
| Median Gross Rent | $1,412 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in New Berlin is about 120% higher than in Wisconsin. Rent is about 30% higher than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in New Berlin, up about 17.3% and 3.2% a year respectively. Home prices are changing faster.
Median rent in New Berlin rose about 31.9% between 2015 and 2024, from $1,071 to $1,412. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in New Berlin.
Buying the median-priced home in New Berlin costs roughly 22.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in New Berlin. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | New Berlin | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,844 | $170,479 | $248,835 |
| Median Household Income | $101,597 | $77,698 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in New Berlin rose about 241.0%, while median household income rose about 25.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | New Berlin | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.5% | 60.5% | 58.5% |
| Rental Rate | 22.7% | 28.7% | 31.2% |
| Vacancy Rate | 2.8% | 10.8% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
New Berlin has a homeownership rate of 74.5%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 2.8%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | New Berlin | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1979 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in New Berlin was built around 1979. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
New Berlin, WI Housing Compared With Nearby Cities
How New Berlin, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| New Berlin, WI | 42,296 | $374,844 #2/2 | $1,412 #2/2 | 76.6% #2/2 |
| Brookfield, WI | 39,622 | $455,703 | $1,928 | 80.6% |
Frequently Asked Questions
Common questions about the housing market in New Berlin, Wisconsin.
What is the median home price in New Berlin, Wisconsin?
The median home price in New Berlin, Wisconsin is $374,844, higher than the Wisconsin average of $170,479.
What is the average home price in New Berlin, Wisconsin?
The typical home price in New Berlin, Wisconsin, reported as the median sale price, is $374,844. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in New Berlin, Wisconsin?
The median gross rent in New Berlin, Wisconsin is $1,412 per month, higher than the Wisconsin average of $1,087.
What was the median gross rent in New Berlin in 2020?
In 2020, the median gross rent in New Berlin, Wisconsin was $1,232 per month.
What is the price-to-rent ratio in New Berlin, Wisconsin?
The price-to-rent ratio in New Berlin, Wisconsin is about 22.1, meaning it would take roughly 22.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in New Berlin.
Are home prices or rent rising faster in New Berlin, Wisconsin?
Both home prices and rent are rising in New Berlin, up about 17.3% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in New Berlin, Wisconsin?
74.5% of households in New Berlin, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in New Berlin, Wisconsin?
The housing vacancy rate in New Berlin, Wisconsin is 2.8%, lower than the Wisconsin average of 10.8%.
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