Berkeley's October First-Time Homebuyer Report

Berkeley is much older than the rest of California, with a median age of 31. It's somewhat affluent as well, with a median income of $56,329 per household. Its three largest zip codes are 94704, 94703, and 94706. The Berkeley market is split evenly between detached houses and condos/townhouses, with each type currently accounting for about half the homes for sale in the area. The best schools in the city are Berkeley Arts Magnet at Whittier and Martin Luther King Middle School.

Price Range

Some of the more expensive homes in California are in Berkeley with a median home value of $630,400 and an average list price for available homes currently at $816,931. The most expensive places to live are 94705, 94707, and 94708.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Berkeley:

$549K   $469K   $1.2M  

Typical Dwelling

The typical dwelling in Berkeley is a three-bedroom detached home worth about $1,162,411. To purchase a similar home, a buyer with good credit and a $232,482 cash down payment could obtain a mortgage with a 3.95% interest rate and a $4,455 monthly payment. The property tax rate is $7.10 per $1,000 of taxable assessed value.

Get started right now by checking out Berkeley homes for sale or reviewing Berkeley real estate trends.

Data reported through 10/13/2016


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