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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Berkeley, MO Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Berkeley, MO Housing Market Trends

With 8,064 people, 3,133 houses or apartments, and a median cost of homes of $114,523, 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 85.63% of the city's housing units. Other types of housing that are prevalent in Berkeley include large apartment complexes or high rise apartments ( 8.18%), duplexes, homes converted to apartments or other small apartment buildings ( 4.22%), and a few row houses and other attached homes ( 1.97%).

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 78.21% of the city's housing hails from this era. Other housing ages represented in Berkeley include homes built between 1970-1999 ( 9.84%) and housing constructed before 1939 ( 7.87%). There's also some housing in Berkeley built between 2000 and later ( 4.08%).

Vacant housing appears to be an issue in Berkeley. Fully 11.90% 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

Real estate appreciation rates in Berkeley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.99% during the period.

Appreciation rates are so strong in Berkeley that despite a nationwide downturn in the housing market, Berkeley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Berkeley appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 70.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Berkeley. Berkeley appreciation rates in the latest quarter were at -0.41%, which equates to an annual appreciation rate of -1.64%.

Relative to Missouri, our data show that Berkeley's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$114,523

Berkeley, MO Home Prices
> $1,367,000
$1,025,001 - $1,367,000
$684,001 - $1,025,000
$547,001 - $684,000
$410,001 - $547,000
$273,001 - $410,000
$137,001 - $273,000
$68,001 - $137,000
$0 - $68,000
0.0%
0.0%
0.0%
0.0%
2.5%
2.5%
0.5%
0.5%
0.0%
0.0%
4.3%
4.3%
17.7%
17.7%
50.7%
50.7%
24.2%
24.2%
0% 100.0%
% of Homes
Very Low

for Missouri

Very Low

for nation

Number of Homes And Apartments:

3,133

Berkeley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,601 / per month

Homeownership Rate

Owners
Renters
46.3%
46.3%
53.7%
53.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.9%
11.9%
88.1%
88.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.1%
4.1%
9.8%
9.8%
78.2%
78.2%
7.9%
7.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.6%
85.6%
2.0%
2.0%
4.2%
4.2%
8.2%
8.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
4.8%
4.8%
47.7%
47.7%
43.4%
43.4%
2.6%
2.6%
0.9%
0.9%
0% 100.0%
% of Homes