Berkley, MA—02779
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berkley, MA
As of Oct '25, the median home price in Berkley, MA is $609,000, with a year-over-year change of 1.6%. This indicates that home prices in Berkley, MA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $609,000 | 1.6% |
| Single Family | $611,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $497,000 | 2.3% |
3 Bed | $599,000 | 1.5% |
4 Bed | $716,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berkley, MA
Berkley, MA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Berkley, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Berkley, MA is 37. This is a increase of 80.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $840,000 | 17.0% |
Listing Count | 16 | 130.0% |
| Listings as % of Homes | 0.3% | 130.0% |
Days on Market | 37 | 80.0% |
Demographics — Berkley, MA
As of the latest ACS Survey released in 2023, Berkley, MA has a population of 6,790, which has increased by 1.6% over the past 5 years. Berkley, MA is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,790 | 1.6% |
% Under 18 | 21.0% | -9.9% |
% Seniors | 14.7% | 15.7% |
% WFH | 10.1% | 124.4% |
% w/ College Degree | 37.5% | 12.3% |
As of the latest ACS Survey released in 2023, Berkley, MA is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Berkley, MA is black, making up 4.1% of the population. Foreign-born residents account for 3.9% of the population in Berkley, MA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | -5.9% |
% Black | 4.1% | 4,000.0% |
% Hispanic | 0.7% | 600.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 3.9% | 0.0% |
Mortgage and Risk — Berkley, MA
According to HUD data as of 2023, there were 142 mortgage originations in Berkley, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Berkley, MA. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Berkley, MA
Berkley, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,540 |
| 2 Bedroom | N/A | N/A | $1,960 |
| 3 Bedroom | N/A | N/A | $2,430 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Berkley, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $609,000 |
| Median Household Income | $124,000 |