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New Berlin

Learn about the people, housing, costs and businesses in New Berlin, Illinois

Median Home$202,000
Median Rent$791/month
Population1,240
Leading IndustriesPublic Administration · Construction34% public administration
Home Value Growth⬆⬆+11.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
New Berlin
IL

Frequently Asked Questions

What are today's mortgage rates in New Berlin?

As of today, the 30-year fixed mortgage rate for New Berlin is approximately 6.999% (7.011% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Berlin?

The median home value in New Berlin is $202k. The median monthly rent is $791. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Berlin?

Home values in New Berlin have increased 11.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Berlin?

Based on a typical all-in ownership cost of $1,135/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Berlin is $84k/year.

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What industries drive the economy in New Berlin?

The largest employment sectors in New Berlin are public administration (34%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.