Berkeley, CA—94709
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 $1,260,000, with a year-over-year change of -2.1%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,260,000 | -2.1% |
| Single Family | $1,550,000 | -0.9% |
| Condos | $761,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $623,000 | -2.4% |
2 Bed | $1,029,000 | -2.6% |
3 Bed | $1,492,000 | -0.4% |
4 Bed | $1,854,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Berkeley, CA
As of July '25, Rentcast reports the average rent in Berkeley, CA is $2,840, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $2,000, 1-bedrooms: $2,370, 2-bedrooms: $3,220, 3-bedrooms: $4,330, 4-bedrooms: $6,740. The most common rental property sizes in Berkeley, CA are 1-bedroom and 2-bedroom, accounting for 46.7% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,840 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,380 | $2,370 |
| 2 Bed Rent | $3,260 | $3,220 |
| 3 Bed Rent | $4,400 | $4,330 |
| 4 Bed Rent | $5,680 | $6,740 |
% 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 57. This is a decrease of -26.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $638,000 | -27.0% |
Listing Count | 8 | -11.0% |
| Listings as % of Homes | 0.1% | -11.0% |
Days on Market | 57 | -26.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 12,200, which has increased by 3.7% over the past 5 years. Berkeley, CA is a less popular place for families, as children make up 7.4% of the population. The area has a highly educated workforce, with 79.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,200 | 3.7% |
% Under 18 | 7.4% | -10.8% |
% Seniors | 15.1% | 21.8% |
% WFH | 29.1% | 304.2% |
% w/ College Degree | 79.6% | -3.6% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is asian, making up 28.1% of the population. Foreign-born residents account for 27.2% of the population in Berkeley, CA, and this percentage has decreased by 4.6% 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 | 51.4% | -10.9% |
% Black | 4.6% | 142.1% |
% Hispanic | 9.9% | 7.6% |
% Asian | 28.1% | 10.2% |
% Foreign Born | 27.2% | -4.6% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 22 mortgage originations in Berkeley, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 0.0% 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 | 22 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% 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 5.2%. 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 | 212 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $2,380 | $1,990 |
| 2 Bedroom | -$840 | $3,260 | $2,420 |
| 3 Bedroom | -$1,300 | $4,400 | $3,100 |
| 4 Bedroom | -$2,000 | $5,680 | $3,680 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.9 |
| Median Home Price | $1,260,000 |
| Median Household Income | $95,200 |