Similar to its nearby areas, it is a lot more expensive compared to the United States as a whole. However compared to the city of San Francisco, it's somewhat less expensive.
Home prices
The median home in Berkeley costs $1,004,900. In comparison to other places in this area this is roughly $19,220 (1%) lower.It is about $787,400 (362%) higher compared to the entire country, and it is approximately $92,900 (8%) lower in comparison to the city of San Francisco.
Rents
In Berkeley the median monthly rent is $1,722. This is roughly $715 (29%) lower in comparison to its surrounding areas.It is roughly $660 (62%) higher compared to the US as a whole, and compared to the city of San Francisco is about $173 (9%) lower.
Nearby places
Albany
Albany is Berkeley's neighbor to the northwest. The housing prices there are a little less expensive. The median home in Albany is valued at $882,500, which is $122,400 (13%) lower than Berkeley. Its rents are a bit more expensive. Albany's median rent is $1,856 per month, which works out to $134 (7%) higher than Berkeley.
Emeryville
Emeryville is Berkeley's neighbor to the south. Housing prices there are substantially less expensive. The price of the median home in Emeryville is $489,400, which is $515,500 (105%) lower than Berkeley. Its rents are somewhat more expensive. Emeryville's median rent is $2,380 a month, which works out to $658 (27%) higher than Berkeley.
Kensington
Kensington is Berkeley's neighbor to the north. The real estate prices there are a little less expensive. The price of the median home in Kensington is $944,000, which is $60,900 (6%) lower than Berkeley. Its rents are significantly more expensive. Kensington's median rent is $2,763 per month, which works out to $1,041 (37%) higher than Berkeley.
El Cerrito
El Cerrito is roughly 3 miles north from Berkeley. Housing prices there are somewhat less expensive. El Cerrito's median home cost is $804,700, which works out to $200,200 (24%) lower than Berkeley. The rent there is somewhat more expensive. In El Cerrito the median rent is $1,956 per month, which comes out to $234 (11%) higher than Berkeley.
Piedmont
Piedmont is about 4 miles southeast of Berkeley. The real estate prices there are a lot more expensive. The price of the median home in Piedmont is $2,000,001, which is $995,101 (49%) higher than Berkeley. Rents there are a lot more expensive. In Piedmont the median rent is $3,229 per month, which works out to $1,507 (46%) higher than Berkeley.
