Berkeley, CA—94703
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 $1,213,000, with a year-over-year change of -5.0%. This indicates that home prices in Berkeley, CA are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,213,000 | -5.0% |
| Single Family | $1,258,000 | -4.6% |
| Condos | $690,000 | -7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $668,000 | -5.2% |
2 Bed | $1,066,000 | -6.0% |
3 Bed | $1,339,000 | -3.9% |
4 Bed | $1,459,000 | -2.4% |
| 5 Bed | $1,570,000 | -6.6% |
% of Housing Stock
Rental Trends — Berkeley, CA
As of July '25, Rentcast reports the average rent in Berkeley, CA is $2,550, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Berkeley, CA is studios: $1,790, 1-bedrooms: $1,930, 2-bedrooms: $2,700, 3-bedrooms: $3,980, 4-bedrooms: $4,130. The most common rental property sizes in Berkeley, CA are 2-bedroom and 1-bedroom, accounting for 37.4% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,550 |
| Studio Rent | $1,830 | $1,790 |
| 1 Bed Rent | $2,000 | $1,930 |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $3,960 | $3,980 |
| 4 Bed Rent | $4,250 | $4,130 |
% 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 30. This is a decrease of -14.0% 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 | $1,120,000 | 7.0% |
Listing Count | 16 | -20.0% |
| Listings as % of Homes | 0.1% | -20.0% |
Days on Market | 30 | -14.0% |
Demographics — Berkeley, CA
As of the latest ACS Survey released in 2023, Berkeley, CA has a population of 20,900, which has decreased by -4.8% over the past 5 years. Berkeley, CA is a less popular place for families, as children make up 13.6% of the population. The area has a highly educated workforce, with 71.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,900 | -4.8% |
% Under 18 | 13.6% | -19.5% |
% Seniors | 15.3% | 24.4% |
% WFH | 32.3% | 258.9% |
% w/ College Degree | 71.4% | 3.6% |
As of the latest ACS Survey released in 2023, Berkeley, CA is a predominantly white area, with 51.8% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Berkeley, CA is asian, making up 15.0% of the population. Foreign-born residents account for 18.6% of the population in Berkeley, CA, and this percentage has increased by 10.7% 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 | 51.8% | -1.1% |
% Black | 13.0% | 11.1% |
% Hispanic | 14.2% | 15.4% |
% Asian | 15.0% | -9.6% |
% Foreign Born | 18.6% | 10.7% |
Mortgage and Risk — Berkeley, CA
According to HUD data as of 2023, there were 105 mortgage originations in Berkeley, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Berkeley, CA. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 105 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Berkeley, CA
As of 2024, the percent of homes in Berkeley, CA under the Section 8 program is 17.0%. This is considered high, suggesting that the neighborhood is heavily 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 | 914 |
Total Units Section 8 | 899 |
% Rentals under Section 8 | 17.0% |
% Occupied Section 8 | 74.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $2,000 | $2,040 |
| 2 Bedroom | -$210 | $2,700 | $2,490 |
| 3 Bedroom | -$770 | $3,960 | $3,190 |
| 4 Bedroom | -$460 | $4,250 | $3,790 |
Affordability — Berkeley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12 |
| Median Home Price | $1,213,000 |
| Median Household Income | $109,000 |