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Berkley, MI

Full City Profile · Michigan · Oakland County County

4.0 /5.0
A Great
15,084 Population 5,757/sq mi density
$113,103 Median Income $59,854 per capita
$289,200 Home Value $306,954 Zillow
$1,436 Median Rent 22.5% income on rent
48°F Avg Temperature 260 sunny days/yr
58 Violent Crime/100K 349 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$113,103 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$289,200 home value, $1,436/mo rent
F
Safety
1.0 / 5.0
58 violent crimes/100K
A+
Education
5.0 / 5.0
58.1% bachelor's degree or higher

Housing Overview

Median Home Value
$289,200
3% above
US avg: $281,900
Median Rent
$1,436/mo
23% above
US avg: $1,163/mo
Homeownership Rate
85.7%
31% above US avg (65.4%)
Total Housing Units
7,119
Median year built: 1949

Home Value by Source

Census Median
$289,200
Zillow (ZHVI)
$306,954
Median Sale Price
$319,000
Median List Price
$359,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

85.7%
Owner-Occupied
14.3%
Renter-Occupied
86%
14%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $1,436/mo · Zillow rent: $1,941/mo

Market Indicators (Redfin)

Median Days on Market
17 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
32.0%
of listings with price reduction
Price Per Sq Ft
$264
Active Inventory
25
homes for sale

Affordability & Housing Stock

Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1949
Average age of housing stock: 77 years
Homeownership Rate
85.7%

Complete Housing Data

Home Values

Census Median Value$289,200
Zillow Home Value (ZHVI)$306,954
Median Sale Price$319,000
Median List Price$359,900
Price Per Sq Ft$264

Rent

Census Median Rent$1,436
Zillow Rent (ZORI)$1,941
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market17
Sale-to-List Ratio1.0%
Price Drops32.0%
Homes Sold13
Active Inventory25
Price Per Sq Ft$264

Ownership & Stock

Owner-Occupied85.7%
Renter-Occupied14.3%
Homeownership Rate85.7%
Total Housing Units7,119
Median Year Built1949
Rent Burden22.5%