Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Berkeley area can be challenging. Home prices in Berkeley are now at a median cost of $1,157,417, higher than the California average of $648,235.
The average cost of rent is $2,115/mo in Berkeley, primarily driven by the current value of real estate in the Berkeley area. While nearly 43.30% of residents own their homes outright in Berkeley, 50.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Berkeley is $9,848 per month. Households that rent pay about 21.48% of their income on rent here. Berkeley's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Albany, CA: less expensive homes
- Emeryville, CA: less expensive homes
- Orinda Village, CA: higher priced homes
- El Cerrito, CA: less expensive homes
- Piedmont, CA: higher priced homes
- Orinda, CA: higher priced homes
- Richmond, CA: less expensive homes
- Canyon, CA: less expensive homes
- Oakland, CA: less expensive homes
- El Sobrante, CA: less expensive homes
Cities with Similar Populations
- San Francisco, CA: less expensive homes
- Santa Maria, CA: less expensive homes
- Queens, NY: less expensive homes
- Pharr, TX: less expensive homes
- Racine, WI: less expensive homes
- Philadelphia, PA: less expensive homes
- Rancho Cucamonga, CA: less expensive homes
- Pleasanton, CA: equally priced homes
- Plainfield, IL: less expensive homes
- Portsmouth, VA: less expensive homes
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