Berkeley, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berkeley Neighborhoods Since 2000




Berkeley, MO 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 9,073, 3,487 total housing units (homes and apartments), and a median house value of $77,603, house prices in Berkeley are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Berkeley, accounting for 81.52% of the city's housing units. Other types of housing that are prevalent in Berkeley include large apartment complexes or high rise apartments ( 9.90%), duplexes, homes converted to apartments or other small apartment buildings ( 6.64%), and a few row houses and other attached homes ( 1.95%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Berkeley's housing was primarily built during this period, from the '40s through the '60s. A full 76.01% of the city's housing hails from this era. Other housing ages represented in Berkeley include homes built between 1970-1999 ( 13.70%) and housing constructed before 1939 ( 8.69%). There's also some housing in Berkeley built between 2000 and later ( 1.60%).

Vacant housing appears to be an issue in Berkeley. Fully 13.94% of the housing stock is classified as vacant. Left unchecked, vacant Berkeley homes and apartments can be a drag on the real estate market, holding Berkeley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Berkeley Home Appreciation Rates

Homes have actually lost value in Berkeley over the last then years, as home values have seen a decline of 28.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Berkeley home appreciation rates at 1.03%, which equates to an annual appreciation rate of 4.19%.

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 1.07%, 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 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Missouri, our data show that Berkeley's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$77,603

Berkeley, MO HOME PRICES

Value Range
> $1,038,000 0.2
$779,001 - $1,038,000 0.3
$519,001 - $779,000 0.7
$415,001 - $519,000 0.2
$312,001 - $415,000 1.4
$208,001 - $312,000 1.2
$104,001 - $208,000 10.8
$52,001 - $104,000 61.5
$0 - $52,000 23.8

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
91.8903082151647 89.9

Number Of Homes And Apartments:
3,487

Berkeley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.29% 0.19% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,194 / per month

Homeownership Rate

Homeownership
Owners 57.04
Renters 42.96
Vacant 13.94

Housing Market Details

 

Age of Homes

AGE OF Berkeley HOMES
2000 or Newer 1.6
1970 - 1999 13.7
1940 - 1969 76.0
1939 or Older 8.7

Types of Homes

TYPE OF Berkeley HOMES
Single-Family 81.5
Townhomes 1.9
Small Apt. Buildings 6.6
Apt. Complexes 9.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Berkeley HOMES
No Bedroom 0.86
1 Bedroom 5.40
2 Bedrooms 43.85
3 Bedrooms 41.49
4 Bedrooms 7.70
5 or more bedrooms 0.69