The housing market in Berkley, MI is strong and steadily growing. The median value of a home in the city is currently $267,400, which is significantly lower than the US median house value of $338,100. Over the past year, the rate of appreciation for homes in Berkley was 7.58%, slightly lower than the national average of 8.27%. Despite this small difference, it is clear that Berkley's housing market is still performing well and continues to be a desirable place to live.
The median home cost in Berkley is $267,400. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Berkley is up 10.8%.
Average Age of Homes
- The median age of Berkley real estate is 67 years old
The Rental Market in Berkley
- Renters make up 19.3% of the Berkley population
- 0.3% of houses and apartments in Berkley, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.