Home prices
The median home in Berkeley costs $178,700. This is approximately $32,480 (15%) lower compared to the surrounding areas.It is about $38,800 (17%) lower compared to the entire nation, and it is roughly $79,300 (30%) lower compared to the city of Chicago.
Rents
Berkeley's median rent is $943 a month. This is approximately $218 (18%) lower compared to its nearby areas.In comparison to the entire nation it is roughly $119 (11%) lower, and it is roughly $169 (15%) lower compared to the city of Chicago.
Nearby places
Hillside
Hillside is Berkeley's neighbor to the south. Its real estate prices are pretty similar. The median home value in Hillside is $171,900, which works out to $6,800 (3%) lower than Berkeley. Its rents are somewhat more expensive. The median rent in Hillside is $1,181 per month, which works out to $238 (20%) higher than Berkeley.
Elmhurst
Elmhurst is Berkeley's neighbor to the west. The real estate prices there are substantially more expensive. The median home price in Elmhurst is $432,600, which works out to $253,900 (58%) higher than Berkeley. Rent there is significantly more expensive. The median rent in Elmhurst is $1,497 per month, which works out to $554 (37%) higher than Berkeley.
Bellwood
Bellwood is Berkeley's neighbor to the east. Housing prices there are a bit less expensive. The value of the median home in Bellwood is $151,200, which comes out to $27,500 (18%) lower than Berkeley. Rents there are a little more expensive. Bellwood's median monthly rent is $1,068, which works out to $125 (11%) higher than Berkeley.
Northlake
Northlake is Berkeley's neighbor to the north. The real estate prices there are similar. The median home in Northlake is valued at $181,700, which is $3,000 (1%) higher than Berkeley. The rent there is pretty similar. In Northlake the median rent is $958 per month, which is $15 (1%) higher than Berkeley.
Stone Park
Stone Park is approximately 1 mile northeast from Berkeley. Its housing prices are a lot less expensive. The median home value in Stone Park is $118,500, which comes out to $60,200 (50%) lower than Berkeley. Rent there is a little more expensive. Stone Park's median rent is $1,099 a month, which comes out to $156 (14%) higher than Berkeley.
