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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 $320,577, higher than the Michigan average of $250,415.
The average cost of rent is $1,684/mo in Berkley, primarily driven by the current value of real estate in the Berkley area. In Berkley, 12.06% of households rent, and 25.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Berkley is $9,868 per month. Households that rent pay about 17.06% of their income on rent here. Berkley’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huntington Woods, MI: higher priced homes
- Royal Oak, MI: equally priced homes
- Oak Park, MI: less expensive homes
- Lathrup Village, MI: equally priced homes
- Pleasant Ridge, MI: higher priced homes
- Beverly Hills, MI: higher priced homes
- Clawson, MI: less expensive homes
- Birmingham, MI: higher priced homes
- Southfield, MI: less expensive homes
- Ferndale, MI: less expensive homes
Cities with Similar Populations
- Spring Lake, MI: higher priced homes
- Marinette, WI: less expensive homes
- Marshall, MN: less expensive homes
- Buckhannon, WV: less expensive homes
- Browns Summit, NC: equally priced homes
- High Ridge, MO: less expensive homes
- Mastic Beach, NY: higher priced homes
- Van Wert, OH: less expensive homes
- Thonotosassa, FL: equally priced homes
- Camillus, NY: less expensive homes
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