Foreclosures in Berea, OH

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Home Value Estimator For Berea, OH

There are currently 6,361 real estate properties in Berea, OH, with a median automated valuation model (AVM) price of $187,437.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Berea, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Berea, OH, is $202,653.00, with the most expensive house in Berea, OH, topping out at $5,995,000.00 and the cheapest home in Berea, OH, clocking in at $32,042.00. In other words, there’s something for every potential homebuyer or savvy investor in Berea, OH!

Rent Prices In Berea, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berea, OH, is on a rollercoaster ride. The average rent price in Berea, OH, is $1,244.00. Indeed, when looking to rent in Berea, OH, you can expect to pay as little as $500.00 or as much as $2,040.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Berea, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Berea, OH In 2024

Berea is located in Cuyahoga, Ohio, with an estimated municipal population of 18,609 residents. All of the best foreclosed homes for sale in Berea are located in the following zip code areas on 44017. The estimated population per square kilometer (.62 miles) in Berea is 1,269.

Cost Of Living In Berea, OH

So, about how much do homes cost in Berea? The most recent median value of resident-owned homes in Berea is 138,405. An estimated 68.8 percent of households in Berea own their homes, with an average family size of 2.97. The median household income in Berea is 59,511, with24.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Berea, the median commute time of resident workers (in minutes) is 22.6. And last, but certainly not least, are you looking for homes to rent in Berea? If so, the average rent price paid by renters in Berea is 847, according to recent statistics.

Diversity And Demographics In Berea, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Berea, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Berea is 37.4, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Berea is 40.1, with an average family size of 2.97.

The percentage of residents who report their race in Berea is as follows:

White 86%
Black / African American 6.4%
Asian 2.6%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 3.3%
Other 1.3%

Looking for family-friendly neighborhoods in and/or near Berea? Or maybe you are searching for 55+ active adult communities in and/or near Berea?

The percentage of residents who report their age in Berea is as follows:

Under 10 9.3%
Aged 10-19 15.1%
20s 17.9%
30s 10.7%
40s 11.1%
50s 12.4%
60s 12.9%
70s 6.1%
80+ 4.4%

Best Schools In Berea, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Berea with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Berea.

Pros And Cons Of Living In Berea, Ohio

How do you know that living in -- or moving to -- Berea is right where you need to be? Perhaps you grew up in Berea or already live nearby; therefore, the decision to buy a home in Berea is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Berea for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Berea:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Berea.

Reasons To Move To Berea, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Berea can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Berea, meanwhile, can field multiple offers from more qualified buyers.

Berea, OH Foreclosures


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