Berkeley, CA—94710
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 $981,000, with a year-over-year change of -7.4%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $981,000 | -7.5% |
| Single Family | $1,100,000 | -6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $664,000 | -7.0% |
2 Bed | $908,000 | -8.4% |
3 Bed | $1,194,000 | -4.4% |
4 Bed | $1,328,000 | -6.1% |
| 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 $2,760, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $2,290, 1-bedrooms: $2,470, 2-bedrooms: $2,680, 3-bedrooms: $4,070. The most common rental property sizes in Berkeley, CA are 2-bedroom and 1-bedroom, accounting for 40.8% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,760 |
| Studio Rent | $2,140 | $2,290 |
| 1 Bed Rent | $2,300 | $2,470 |
| 2 Bed Rent | $2,500 | $2,680 |
| 3 Bed Rent | $4,000 | $4,070 |
| 4 Bed Rent | N/A | N/A |
% 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 decrease of -11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $988,000 | 12.0% |
Listing Count | 17 | 32.0% |
| Listings as % of Homes | 0.1% | 32.0% |
Days on Market | 23 | -11.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 8,140, which has increased by 9.2% over the past 5 years. Berkeley, CA is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 65.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,140 | 9.2% |
% Under 18 | 15.6% | -22.4% |
% Seniors | 15.5% | 61.5% |
% WFH | 34.6% | 242.6% |
% w/ College Degree | 65.2% | 18.5% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 47.9% of the population identifying as white. The white population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is hispanic, making up 20.3% of the population. Foreign-born residents account for 20.4% of the population in Berkeley, CA, and this percentage has increased by 20.0% 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 | 47.9% | 4.6% |
% Black | 9.6% | -41.1% |
% Hispanic | 20.3% | -4.2% |
% Asian | 13.6% | 63.9% |
% Foreign Born | 20.4% | 20.0% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 48 mortgage originations in Berkeley, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
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 | 432 |
Total Units Section 8 | 359 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 76.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $2,300 | $2,330 |
| 2 Bedroom | $340 | $2,500 | $2,840 |
| 3 Bedroom | -$370 | $4,000 | $3,630 |
| 4 Bedroom | N/A | N/A | $4,320 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $981,000 |
| Median Household Income | $118,000 |