Zip 94720 (Berkeley, CA) Housing

The housing market in 94720 Berkeley, CA is living up to its reputation as an expensive place to live. The median value of a house in this area is a staggering $1,672,000, nearly five times the US median value of $338,100. Though home prices have appreciated by 8.27% on average across the country over the past year, prices in Berkeley have appreciated by a slightly lower rate of 7.93%. This makes real estate in this area highly sought after and competitive; an opportunity for investment here must be taken advantage of quickly to avoid being priced out.