Home prices
The median home cost in Berkley is $199,200. In comparison to nearby areas it is roughly $50,680 (20%) lower.It is roughly $18,300 (8%) lower compared to the country as a whole, and it is about $150,000 (304%) higher compared to the city of Detroit.
Rents
In Berkley the median monthly rent is $1,115. This is about $263 (19%) lower compared to its surrounding areas.It is about $53 (4%) higher in comparison to the entire nation, and in comparison to the city of Detroit it is roughly $291 (35%) higher.
Nearby places
Huntington Woods
Huntington Woods is Berkley's neighbor to the southeast. Its housing prices are significantly more expensive. Huntington Woods's median home value is $362,900, which comes out to $163,700 (45%) higher than Berkley. Rents there are significantly more expensive. The median monthly rent in Huntington Woods is $2,014, which is $899 (44%) higher than Berkley.
Royal Oak
Royal Oak is Berkley's neighbor to the northeast. Real estate prices there are somewhat more expensive. Royal Oak's median home price is $224,600, which works out to $25,400 (11%) higher than Berkley. Its rents are fairly similar. In Royal Oak the median monthly rent is $1,079, which is $36 (3%) lower than Berkley.
Oak Park
Oak Park is Berkley's neighbor to the south. Its housing prices are significantly less expensive. The value of the median home in Oak Park is $117,700, which comes out to $81,500 (69%) lower than Berkley. Rent there is fairly similar. In Oak Park the median rent is $1,120 a month, which is very similar to Berkley.
Lathrup Village
Lathrup Village is roughly 1 mile west of Berkley. Housing prices there are similar. The median home price in Lathrup Village is $198,100, which is very similar to Berkley. Its rents are a little more expensive. The median monthly rent in Lathrup Village is $1,234, which works out to $119 (9%) higher than Berkley.
Pleasant Ridge
Pleasant Ridge is about 2 miles southeast of Berkley. The real estate prices there are significantly more expensive. Pleasant Ridge's median home cost is $346,100, which is $146,900 (42%) higher than Berkley. Its rents are somewhat more expensive. Pleasant Ridge's median monthly rent is $1,445, which works out to $330 (22%) higher than Berkley.
