Berkeley, CA—94707
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 $1,643,000, with a year-over-year change of -4.0%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,643,000 | -4.0% |
| Single Family | $1,645,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,288,000 | -3.0% |
3 Bed | $1,582,000 | -3.2% |
4 Bed | $1,879,000 | -2.6% |
| 5 Bed | $2,118,000 | -3.9% |
% of Housing Stock
Rental Trends — Berkeley, CA
As of July '25, Rentcast reports the average rent in Berkeley, CA is $3,250, with a year-over-year rent change of -31.1%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $1,860, 1-bedrooms: $2,720, 4-bedrooms: $5,850. The most common rental property sizes in Berkeley, CA are 1-bedroom and 3-bedroom, accounting for 33.7% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $3,250 |
| Studio Rent | $2,000 | $1,860 |
| 1 Bed Rent | $2,200 | $2,720 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $5,200 | $5,850 |
% 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 23. This is a increase of 33.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,470,000 | -5.0% |
Listing Count | 24 | 7.0% |
| Listings as % of Homes | 0.1% | 7.0% |
Days on Market | 23 | 33.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 12,700, which has increased by 6.8% over the past 5 years. Berkeley, CA is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 85.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 47.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 6.8% |
% Under 18 | 19.3% | 6.0% |
% Seniors | 30.0% | 3.8% |
% WFH | 47.3% | 193.8% |
% w/ College Degree | 85.4% | -0.6% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 69.5% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is asian, making up 14.5% of the population. Foreign-born residents account for 18.0% of the population in Berkeley, CA, and this percentage has increased by 10.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.5% | -7.1% |
% Black | 1.2% | -25.0% |
% Hispanic | 5.5% | 12.2% |
% Asian | 14.5% | 33.0% |
% Foreign Born | 18.0% | 10.4% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 135 mortgage originations in Berkeley, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 38.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Berkeley, CA
Berkeley, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $2,200 | $2,170 |
| 2 Bedroom | N/A | N/A | $2,640 |
| 3 Bedroom | N/A | N/A | $3,380 |
| 4 Bedroom | -$1,190 | $5,200 | $4,010 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $1,643,000 |
| Median Household Income | $197,000 |