Berkeley appreciation rates and housing market information

Berkeley housing market information

With 102,743 people, 46,875 houses or apartments, and a median cost of homes of $709,642, Berkeley house prices are not only among the most expensive in California, Berkeley real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Berkeley, accounting for 42.87% of the city's housing units. Other types of housing that are prevalent in Berkeley include large apartment complexes or high rise apartments (33.42%), duplexes, homes converted to apartments, or other small apartment buildings (19.84%), and a few row houses and other attached homes (3.75%).

People in Berkeley primarily live in small (one, two, or no bedroom) single-family detached homes. Berkeley has a mixture of owner-occupied and renter-occupied housing.

The housing in Berkeley was primarily built before 1939 (48.76%), making the housing stock in Berkeley some of the older overall in America, although there is a range of ages of homes in Berkeley. The next most important Berkeley housing age is 1940-1969 (38.98%), followed by 1970-1994 (11.07%). There's also some housing in Berkeley built between 1995 and later (1.19%).

Berkeley home appreciation rates

In the last 10 years, Berkeley has experienced some of the highest home appreciation rates of any community in the nation. Berkeley real estate appreciated 110.38% over the last ten years, which is an average annual home appreciation rate of 11.03%, putting Berkeley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Berkeley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Berkeley appreciation rates have trailed the rest of the nation. In the last twelve months, Berkeley's appreciation rate has been -13.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berkeley were at 0.41%, which equates to an annual appreciation rate of 1.64%.

Relative to California, our data show that Berkeley's latest annual appreciation rate is higher than 65% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Berkeley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Berkeley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Berkeley real estate investment or home purchase decisions.