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Berkeley, IL—60163

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$284,000
3.2% YoY Growth
Household Income
$83,200
28.1% YoY Growth
Days on Market
45
31.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$2,500
84.2% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,390
N/A
3-Bed Rent
$2,500
23.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Berkeley, IL

As of Dec '25, the median home price in Berkeley, IL is $284,000, with a year-over-year change of 3.2%. This indicates that home prices in Berkeley, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$284,0003.2%
Single Family $284,0003.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$251,0003.7%
    3 Bed
    		$284,0002.9%
    4 Bed
    		$323,0002.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.5%
    1 Bedroom
    1.1%
    2 Bedrooms
    32.2%
    3 Bedrooms
    46.5%
    4 Bedrooms
    15.8%
    5+ Bedrooms
    1.9%

    Rental Trends — Berkeley, IL

    As of July '25, Rentcast reports the average rent in Berkeley, IL is $2,560, with a year-over-year rent change of 84.2%. Per bedroom, the median rent as of July '25 in Berkeley, IL is 2-bedrooms: $1,390, 3-bedrooms: $2,720, 4-bedrooms: $3,400. The most common rental property sizes in Berkeley, IL are 2-bedroom and 3-bedroom, accounting for 65.6% and 18.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,500$2,560
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,390$1,390
    3 Bed Rent $2,500$2,720
    4 Bed Rent $3,400$3,400
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    % of Rental Stock

    Studio
    15.9%
    2 Bedrooms
    65.6%
    3 Bedrooms
    18.4%

    Property Listings — Berkeley, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Berkeley, IL is 34. This is a increase of 78.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$312,000-4.0%
    Listing Count
    		1368.0%
    Listings as % of Homes0.7%68.0%
    Days on Market
    		4531.0%
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    Demographics — Berkeley, IL

    As of the latest ACS Survey released in 2023, Berkeley, IL has a population of 5,200, which has remained stable by 0.9% over the past 5 years. Berkeley, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		5,2000.9%
    % Under 18
    		21.4%-0.9%
    % Seniors
    		16.9%19.0%
    % WFH
    		14.0%566.7%
    % w/ College Degree
    		20.8%-5.0%
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    As of the latest ACS Survey released in 2023, Berkeley, IL is a predominantly hispanic area, with 44.2% of the population identifying as hispanic. The hispanic population has grown by 19.8% in the last 5 years. The second most common race or ethnicity in Berkeley, IL is white, making up 25.9% of the population. Foreign-born residents account for 16.9% of the population in Berkeley, IL, and this percentage has decreased by 4.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		25.9%-11.6%
    % Black
    		25.9%-10.1%
    % Hispanic
    		44.2%19.8%
    % Asian
    		2.7%-18.2%
    % Foreign Born
    		16.9%-4.5%
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    Mortgage and Risk — Berkeley, IL

    According to HUD data as of 2023, there were 82 mortgage originations in Berkeley, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Berkeley, IL. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		82
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Berkeley, IL

    Berkeley, IL lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		5
    Total Units Section 8
    		5
    % Rentals under Section 8
    		1.9%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,200
    2 Bedroom-$30$1,390$1,360
    3 Bedroom-$750$2,500$1,750
    4 Bedroom-$1,350$3,400$2,050

    Affordability — Berkeley, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$284,000
    Median Household Income$83,200

    Berkeley, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hillside, IL

    60162

    Northlake, IL

    60164

    Stone Park, IL

    60165

    Bellwood, IL

    60104

    Elmhurst, IL

    60126

    Frequently Asked Questions