Berkeley, IL 60163 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Berkeley, IL—60163

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$284,000

3.2% YoY Growth

Household Income

$83,200

28.1% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$2,500

84.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,390

N/A

3-Bed Rent

$2,500

23.6% YoY Growth

Home Price Trends — Berkeley, IL

As of Dec '25, the median home price in Berkeley, IL is $284,000, with a year-over-year change of 3.2%. This indicates that home prices in Berkeley, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$284,000	3.2%
Single Family	$284,000	3.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Berkeley, IL

As of July '25, Rentcast reports the average rent in Berkeley, IL is $2,560, with a year-over-year rent change of 84.2%. Per bedroom, the median rent as of July '25 in Berkeley, IL is 2-bedrooms: $1,390, 3-bedrooms: $2,720, 4-bedrooms: $3,400. The most common rental property sizes in Berkeley, IL are 2-bedroom and 3-bedroom, accounting for 65.6% and 18.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,560
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,390	$1,390
3 Bed Rent	$2,500	$2,720
4 Bed Rent	$3,400	$3,400

Loading chart...

% of Rental Stock

Studio

15.9%

2 Bedrooms

65.6%

3 Bedrooms

18.4%

Property Listings — Berkeley, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Berkeley, IL is 34. This is a increase of 78.0% 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	$312,000	-4.0%
Listing Count	13	68.0%
Listings as % of Homes	0.7%	68.0%
Days on Market	45	31.0%

Loading chart...

Demographics — Berkeley, IL

As of the latest ACS Survey released in 2023, Berkeley, IL has a population of 5,200, which has remained stable by 0.9% over the past 5 years. Berkeley, IL is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,200	0.9%
% Under 18	21.4%	-0.9%
% Seniors	16.9%	19.0%
% WFH	14.0%	566.7%
% w/ College Degree	20.8%	-5.0%

Loading chart...

As of the latest ACS Survey released in 2023, Berkeley, IL is a predominantly hispanic area, with 44.2% of the population identifying as hispanic. The hispanic population has grown by 19.8% in the last 5 years. The second most common race or ethnicity in Berkeley, IL is white, making up 25.9% of the population. Foreign-born residents account for 16.9% of the population in Berkeley, IL, and this percentage has decreased by 4.5% 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	25.9%	-11.6%
% Black	25.9%	-10.1%
% Hispanic	44.2%	19.8%
% Asian	2.7%	-18.2%
% Foreign Born	16.9%	-4.5%

Loading chart...

Mortgage and Risk — Berkeley, IL

According to HUD data as of 2023, there were 82 mortgage originations in Berkeley, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Berkeley, IL. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	82
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Berkeley, IL

Berkeley, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	1.9%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,200
2 Bedroom	-$30	$1,390	$1,360
3 Bedroom	-$750	$2,500	$1,750
4 Bedroom	-$1,350	$3,400	$2,050

Berkeley, IL—60163

Key Metrics at a Glance

Home Price Trends — Berkeley, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berkeley, IL

% of Rental Stock

Property Listings — Berkeley, IL

Demographics — Berkeley, IL

Race and Ethnicity

Mortgage and Risk — Berkeley, IL

Mortgages

Rentals and Section 8 — Berkeley, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Berkeley, IL

Home Price to Income Ratio

Berkeley, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hillside, IL

Northlake, IL

Stone Park, IL

Bellwood, IL

Elmhurst, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$284,000
Median Household Income	$83,200

Berkeley, IL—60163

Key Metrics at a Glance

Home Price Trends — Berkeley, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Berkeley, IL

% of Rental Stock

Property Listings — Berkeley, IL

Demographics — Berkeley, IL

Race and Ethnicity

Mortgage and Risk — Berkeley, IL

Mortgages

Rentals and Section 8 — Berkeley, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Berkeley, IL

Home Price to Income Ratio

Berkeley, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Hillside, IL

Northlake, IL

Stone Park, IL

Bellwood, IL

Elmhurst, IL

Frequently Asked Questions

What is the average home price in Berkeley, IL 60163?

How have home prices in Berkeley, IL 60163 changed over the past year?

What is the home price projection for Berkeley, IL 60163?

What are the demographics of Berkeley, IL 60163?

How long does it take homes to sell in Berkeley, IL 60163?

What is the average rent price in Berkeley, IL 60163?