Berkeley CA

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Berkeley, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Berkeley Housing Market Information

With a population of 121,643, 44,978 total housing units (homes and apartments), and a median house value of $996,827, 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 42.40% of the city's housing units. Other types of housing that are prevalent in Berkeley include large apartment complexes or high rise apartments ( 33.17%), duplexes, homes converted to apartments or other small apartment buildings ( 20.23%), and a few row houses and other attached homes ( 3.93%).

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 ( 48.46%), making the housing stock in Berkeley some of the oldest overall in America, although there is a range of ages of homes in Berkeley. The next most important housing age is between 1940-1969 ( 28.25%), followed by between 1970-1999 ( 17.87%). There's also some housing in Berkeley built between 2000 and later ( 5.41%).

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 81.15% over the last ten years, which is an average annual home appreciation rate of 6.12%, 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 -1.09%, 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 0.51%, which equates to an annual appreciation rate of 2.05%.

Relative to California, our data show that Berkeley's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Berkeley real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,158,000 39.4
$869,001 - $1,158,000 24.8
$579,001 - $869,000 21.3
$463,001 - $579,000 5.0
$347,001 - $463,000 3.2
$232,001 - $347,000 3.0
$116,001 - $232,000 1.6
$58,001 - $116,000 0.7
$0 - $58,000 1.3

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.27299270072993 12.9750982961992

Number Of Homes And Apartments:

Berkeley Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
156.92% 4.83%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,761 / per month

Homeownership Rate

Owners 38.39
Renters 61.61
Vacant 6.78

Housing Market Details


Age of Homes

2000 or Newer 5.4
1970 - 1999 17.9
1940 - 1969 28.3
1939 or Older 48.5

Types of Homes

Single-Family 42.4
Townhomes 3.9
Small Apt. Buildings 20.2
Apt. Complexes 33.2
Mobile Homes 0.2
Other 0.0

Home Size

No Bedroom 9.04
1 Bedroom 22.78
2 Bedrooms 32.70
3 Bedrooms 20.85
4 Bedrooms 10.80
5 or more bedrooms 3.83