Market Overview
Home Prices in New Berlin, WI
The median home value in New Berlin, WI is $463,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Berlin are priced13% above average. New Berlin is part of the Milwaukee-Waukesha, WI metro area.
Over the past five years, New Berlin home values have risen by approximately28.2%, reflecting strong long-term appreciation in this market.
Price History
New Berlin Home Price Trend
City Comparison
New Berlin vs. National Median
At $463,447, homes in New Berlin cost 13% above the national median of $410,000. Buyers in New Berlin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Berlin?
20% Down Payment
$92,689
on $463,447
Monthly P&I
$2,417/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,070/mo
incl. taxes & insurance
Income Needed
$122,800
gross annual (30% rule)
10% Down Option
$46,345
+ PMI applies
Loan Amount (20% dn)
$370,758
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Berlin, WI?
The median home value in New Berlin is $463,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in New Berlin?
Over the past year, home values in New Berlin have increased by 5.1%. Over five years, prices have risen approximately 28.2%.
How much do I need to earn to buy a home in New Berlin?
To comfortably afford the median home price of $463,447 with a 20% down payment ($92,689) at today's rates (6.8%), you'd need a gross annual income of approximately $122,800. This assumes keeping total housing costs at or below 30% of gross income.
How does New Berlin compare to the national average home price?
The national median home value is approximately $410,000. At $463,447, homes in New Berlin are 13% above the national average.
What metro area is New Berlin part of?
New Berlin is part of the Milwaukee-Waukesha, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.