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Berkeley is a mid-sized, coastal city located on the eastern shore of the San Francisco Bay. With a 2023 population of about 120,000, a median age of 32.9, and a household income of $108,558, the city blends academic vibrance with progressive values and strong economic opportunity.
The presence of the University of California, Berkeley, creates a unique cultural and demographic dynamic. Students, professors, scientists, artists, and entrepreneurs all call Berkeley home. It’s a city that encourages thought, creativity, and action—and it shows in everything from its vibrant neighborhoods to its thriving business sectors.
Berkeley’s economy employs over 62,000 people, with top industries including professional services, education, healthcare, and tech. The city has a high rate of remote work, over 32%, with many residents in knowledge-based and creative fields. The median property value hit $1.35M in 2023, and while only 43.3% of households own their home, the rental market remains strong and competitive.
Berkeley is among the most educated cities in the country, with 75% of adults holding a bachelor's or graduate degree. It's a city of scientists, educators, and creatives. About 21% of residents were born outside the U.S., and the city is racially diverse: White (51.7%), Asian (20.6%), Black or African American (7.1%), and Hispanic or Latino (12.1%).
English is the dominant language, but Spanish and Chinese are also widely spoken.
Adventure Playground
A unique, hands-on play area for kids
Habitot Children’s Discovery Museum
A local favorite for interactive learning
Downtown Arts District
Live performances, galleries, and music
Berkeley Art Museum & Pacific Film Archive
Cutting-edge exhibits and indie films
Lawrence Hall of Science
Engaging STEM learning for all ages
Tilden Regional Park
A classic Berkeley escape with hiking, botanical gardens, and a scenic carousel
Berkeley Marina
Ideal for waterfront walks, kayaking, and breathtaking Bay views
Telegraph Avenue
The soul of Berkeley, lined with bookstores, vintage shops, and eclectic restaurants
Berkeley Farmers’ Markets
Fresh, local, and beloved by residents
UC Berkeley Campus
Take a walking tour, visit secret spots, and enjoy the open, academic energy
Berkeley includes a wide range of neighborhoods, each tied to its own unique character and community. The following ZIP codes serve the city:
94701: Downtown & UC Campus Area
94702: North Berkeley
94703: Elmwood District
94704: South Berkeley
94705: West Berkeley / Fourth St.
94707: Northbrae & Claremont
94708: Berkeley Hills / Kensington
94709: Poet’s Corner / Sacramento–University
94710: Downtown Extension / West Berkeley Fringe
94712: UC Berkeley Post Office
94720: Government & University Services
Berkeley offers unique investment appeal because of the distinguished academic presence, cultural vibrancy, and stable rental demand. It’s home to UC Berkeley and Lawrence Berkeley Lab, attracting students, faculty, and researchers year-round, and creating a steady stream of renters seeking convenience and community. The city’s median sale price of $1.6 million and rapid turnover, as well as homes typically selling in around 15 days, highlight its competitive nature and appeal to investors.
The city’s established, walkable neighborhoods like Elmwood, North Berkeley, Poet’s Corner, and Ocean View blend historic charm with modernization, fostering high renter interest. With consistent demand, limited inventory, and an urban-suburban mix, Berkeley stands out as a reliable long-term investment in the Bay Area.
Berkeley’s property values have historically delivered solid returns. As of May 2025, the median sale price is $1.6 million, up 17.6% year-over-year, with homes going pending in roughly 15 days. However, Zillow reports the average home value at $1.435 million, showing a slight 2.7% decline over the past year.
Over the long term, appreciation has averaged around 5.15% annually, slightly below the national average, but individual Berkeley neighborhoods have significantly outperformed. Despite short-term fluctuations, Berkeley’s strong fundamentals, academic demand, limited land supply, and cultural amenities support continued upside for investors.
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