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These days, finding an affordable place to live in the Berkley area can be challenging. Home prices in Berkley are now at a median cost of $183,893, lower than the Kentucky average of $219,615.
The average cost of rent is $500/mo in Berkley, primarily driven by the current value of real estate in the Berkley area. In Berkley, 23.59% of households rent, and 55.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Berkley is $5,818 per month. Households that rent pay about 8.60% of their income on rent here. Berkley’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Columbus, KY: less expensive homes
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- New Cypress, KY: less expensive homes
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Cities with Similar Populations
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- Coddes Beach, MI: equally priced homes
- Gatesburg, PA: higher priced homes
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