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  4. /Berkley, MA - 02779

Berkley, MA—02779

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$640,000
3.6% YoY Growth
Household Income
$124,000
31.1% YoY Growth
Days on Market
26
106.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Berkley, MA

As of May '26, the median home price in Berkley, MA is $640,000, with a year-over-year change of 3.6%. This indicates that home prices in Berkley, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$640,0003.6%
Single Family $642,0003.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $515,0003.4%
    3 Bed
    $630,0004.0%
    4 Bed
    $753,0003.3%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    1.1%
    2 Bedrooms
    13.5%
    3 Bedrooms
    59.6%
    4 Bedrooms
    20.1%
    5+ Bedrooms
    5.7%

    Rental Trends — Berkley, MA

    Berkley, MA lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    2 Bedrooms
    57.4%
    3 Bedrooms
    42.6%

    Property Listings — Berkley, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Berkley, MA is 26. This is a increase of 106.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $799,00012.0%
    Listing Count
    1512.0%
    Listings as % of Homes0.3%12.0%
    Days on Market
    26106.0%
    Loading chart...

    Demographics — Berkley, MA

    As of the latest ACS Survey released in 2023, Berkley, MA has a population of 6,790, which has increased by 1.6% over the past 5 years. Berkley, MA is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    6,7901.6%
    % Under 18
    21.0%-9.9%
    % Seniors
    14.7%15.7%
    % WFH
    10.1%124.4%
    % w/ College Degree
    37.5%12.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Berkley, MA is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Berkley, MA is black, making up 4.1% of the population. Foreign-born residents account for 3.9% of the population in Berkley, MA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    91.5%-5.9%
    % Black
    4.1%4,000.0%
    % Hispanic
    0.7%600.0%
    % Asian
    0.1%∞%
    % Foreign Born
    3.9%0.0%
    Loading chart...

    Mortgage and Risk — Berkley, MA

    According to HUD data as of 2023, there were 142 mortgage originations in Berkley, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Berkley, MA. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    142
    % Conventional Loans
    91.0%
    % Government Loans
    9.0%
    % Investor Loans
    1.0%
    % Second Loans
    1.0%
    % Cash Out Refinance
    20.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Berkley, MA

    Berkley, MA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    6
    Total Units Section 8
    6
    % Rentals under Section 8
    12.8%
    % Occupied Section 8
    N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,540
    2 BedroomN/AN/A$1,960
    3 BedroomN/AN/A$2,430
    4 BedroomN/AN/A$2,710

    Affordability — Berkley, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$640,000
    Median Household Income$124,000

    Berkley, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    02702

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    02718

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    02764

    Frequently Asked Questions