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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 $984,981, lower than the Berkeley average of $1,315,246.
The average cost of rent is $2,059/mo in Downtown Berkeley, primarily driven by the current value of real estate in the Downtown Berkeley area. In Downtown Berkeley, 95.52% of households rent, and 43.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Berkeley is $4,733 per month. Households that rent pay about 43.50% of their income on rent here. Downtown Berkeley’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Berkeley, Berkeley, CA: higher priced homes
- Central Berkeley, Berkeley, CA: higher priced homes
- North Berkeley, Berkeley, CA: higher priced homes
- Elmwood, Berkeley, CA: higher priced homes
- SouthWest Berkeley, Berkeley, CA: higher priced homes
- Santa Fe, Emeryville, CA: higher priced homes
- Westbrae, Berkeley, CA: higher priced homes
- Bushrod, Oakland, CA: higher priced homes
- Fairview Park, Oakland, CA: higher priced homes
- Northwest Berkeley, Berkeley, CA: higher priced homes
Neighborhoods with Similar Populations
- Sandalfoot Cove, Boca Raton, FL: less expensive homes
- West Redlands, Redlands, CA: less expensive homes
- Springfield, Jacksonville, FL: less expensive homes
- Shore Acres, Staten Island, NY: less expensive homes
- Julia Keen, Tucson, AZ: less expensive homes
- Irvine Business Complex, Irvine, CA: less expensive homes
- Side Hill, Fort Collins, CO: less expensive homes
- Huguenot, Richmond, VA: less expensive homes
- Hudson Avenue Historic District, Newark, OH: less expensive homes
- South Amherst, Amherst, MA: less expensive homes
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