Berwyn, Illinois is a mid-sized city with a population of 56,414 residents. In Berwyn, there are 14,449 people per square mile, which is well above the national population density average. More than a quarter of the residents of Berwyn identify themselves as Hispanic or Latino, and 53% of the population speak Spanish as their primary or secondary language.
Living in Berwyn can be a good experience for anyone relocating to the area. Having said that, in the state of Illinois, there are many amazing places to live, so choose wisely! Finding the best places to live in Berwyn and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, weather, education and other important metrics.
The livability score in Berwyn is 69 out of 100 and the city is ranked in the 60th percentile of all cities across America. Based on the grades for each individual category, Berwyn has received high marks for amenities (A+), crime (C+) and housing (A). Berwyn does not fare well for the following: cost of living (D), weather (D), education (F) and employment (D-). It might be wise to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Berwyn, there is no shortage of amazing local amenities and interesting things to do.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Berwyn has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Berwyn real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Berwyn. The median home price for Berwyn homes is $175,300, which is 0.3% higher than the Illinois average. If we take a closer look at the affordability of homes in Berwyn, we’ll see that the home price to income ratio is 2.9, which is 3.3% lower than the Illinois average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Berwyn area were 8.2% and 5 year appreciation rates were 9.2%.
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