Berkeley, CA—94705
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berkeley, CA
As of Oct '25, the median home price in Berkeley, CA is $1,881,000, with a year-over-year change of -4.6%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,881,000 | -4.6% |
| Single Family | $1,988,000 | -4.1% |
| Condos | $748,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $686,000 | -4.5% |
2 Bed | $1,130,000 | -5.4% |
3 Bed | $1,773,000 | -3.7% |
4 Bed | $2,215,000 | -3.6% |
| 5 Bed | $2,712,000 | -4.2% |
% of Housing Stock
Rental Trends — Berkeley, CA
As of July '25, Rentcast reports the average rent in Berkeley, CA is $3,090, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $1,750, 1-bedrooms: $2,310, 2-bedrooms: $2,820, 3-bedrooms: $4,800, 4-bedrooms: $8,420. The most common rental property sizes in Berkeley, CA are 1-bedroom and 2-bedroom, accounting for 46.2% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $3,090 |
| Studio Rent | $1,900 | $1,750 |
| 1 Bed Rent | $2,300 | $2,310 |
| 2 Bed Rent | $2,720 | $2,820 |
| 3 Bed Rent | $4,750 | $4,800 |
| 4 Bed Rent | $7,950 | $8,420 |
% of Rental Stock
Property Listings — Berkeley, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Berkeley, CA is 35. This is a increase of 42.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,500,000 | -6.0% |
Listing Count | 20 | -17.0% |
| Listings as % of Homes | 0.1% | -17.0% |
Days on Market | 35 | 42.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 14,100, which has increased by 5.9% over the past 5 years. Berkeley, CA is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 78.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | 5.9% |
% Under 18 | 14.8% | 9.6% |
% Seniors | 26.2% | 25.4% |
% WFH | 34.2% | 169.3% |
% w/ College Degree | 78.7% | -4.8% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 69.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is asian, making up 10.5% of the population. Foreign-born residents account for 15.7% of the population in Berkeley, CA, and this percentage has decreased by 14.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.8% | -2.6% |
% Black | 3.9% | 11.4% |
% Hispanic | 8.0% | 3.9% |
% Asian | 10.5% | -15.3% |
% Foreign Born | 15.7% | -14.2% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 139 mortgage originations in Berkeley, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Berkeley, CA
As of 2024, the percent of homes in Berkeley, CA under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Berkeley, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $2,300 | $2,130 |
| 2 Bedroom | -$120 | $2,720 | $2,600 |
| 3 Bedroom | -$1,420 | $4,750 | $3,330 |
| 4 Bedroom | -$4,000 | $7,950 | $3,950 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.4 |
| Median Home Price | $1,881,000 |
| Median Household Income | $163,000 |