Berkeley, CA—94708
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 $1,552,000, with a year-over-year change of -5.3%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,552,000 | -5.3% |
| Single Family | $1,566,000 | -5.0% |
| Condos | $1,089,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $981,000 | -8.7% |
2 Bed | $1,217,000 | -5.8% |
3 Bed | $1,495,000 | -5.0% |
4 Bed | $1,800,000 | -4.3% |
| 5 Bed | $2,077,000 | -5.6% |
% of Housing Stock
Rental Trends — Berkeley, CA
As of July '25, Rentcast reports the average rent in Berkeley, CA is $4,800, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $2,850, 1-bedrooms: $2,100, 2-bedrooms: $3,900, 3-bedrooms: $5,170, 4-bedrooms: $6,100. The most common rental property sizes in Berkeley, CA are 1-bedroom and 3-bedroom, accounting for 32.3% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,200 | $4,800 |
| Studio Rent | $2,850 | $2,850 |
| 1 Bed Rent | $2,100 | $2,100 |
| 2 Bed Rent | $3,600 | $3,900 |
| 3 Bed Rent | $5,000 | $5,170 |
| 4 Bed Rent | $6,100 | $6,100 |
% 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 17. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,480,000 | 5.0% |
Listing Count | 31 | 1.0% |
| Listings as % of Homes | 0.1% | 1.0% |
Days on Market | 17 | -22.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 12,000, which has increased by 4.5% over the past 5 years. Berkeley, CA is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 88.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 43.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | 4.5% |
% Under 18 | 17.0% | -6.1% |
% Seniors | 27.1% | 0.7% |
% WFH | 43.8% | 177.2% |
% w/ College Degree | 88.1% | 1.3% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is asian, making up 9.1% of the population. Foreign-born residents account for 16.7% of the population in Berkeley, CA, and this percentage has decreased by 10.7% 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 | 74.3% | -2.7% |
% Black | 1.8% | -35.7% |
% Hispanic | 6.2% | 24.0% |
% Asian | 9.1% | -22.9% |
% Foreign Born | 16.7% | -10.7% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 149 mortgage originations in Berkeley, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 149 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Berkeley, CA
As of 2024, the percent of homes in Berkeley, CA under the Section 8 program is 0.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Berkeley, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $770 | $2,100 | $2,870 |
| 2 Bedroom | -$100 | $3,600 | $3,500 |
| 3 Bedroom | -$520 | $5,000 | $4,480 |
| 4 Bedroom | -$780 | $6,100 | $5,320 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $1,552,000 |
| Median Household Income | $229,000 |