The Most Affordable Neighborhoods in Downtown Berkeley, Berkeley, CA by Home Value

 

Downtown Berkeley, Berkeley, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown Berkeley area can be challenging. Home prices in Downtown Berkeley are now at a median cost of $826,564, lower than the Berkeley average of $1,157,417.

The average cost of rent is $2,088/mo in Downtown Berkeley, primarily driven by the current value of real estate in the Downtown Berkeley area. While nearly 56.76% of residents own their homes outright in Downtown Berkeley, 91.51% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown Berkeley is $5,141 per month. Households that rent pay about 40.62% of their income on rent here. Downtown Berkeley's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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