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Berkeley city, CA

ZIP 94702 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94702

Median Home Value
$1,168,200
Median Rent
$1,739
Affordability Snapshot
$322,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,504/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

11.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

56.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94702 in Berkeley city, CA, a household would need roughly $322,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,504. That is about 225% above the local median household income ($99,135), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
48.9%-25% vs US avg
x
Vacancy Rate
9.6%-7% vs US avg
x
Broadband Access
90.4%+4% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
16.1%+26% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
30.6%-38% vs US avg
x
Mortgage-Free
30.8%-19% vs US avg
x
$1,168,200
Home Value
$1,739
Rent
1946
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached48.4%
  • 1-unit attached5.6%
  • 2-9 units29.4%
  • 10+ units16.5%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,168,200
Median rent$1,739
Owner-occupied48.9%
Vacant9.6%
Price-to-income11.8x
Est. income to buy$322,000