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Berkeley city, CA

ZIP 94703 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94703

Median Home Value
$1,273,000
Median Rent
$2,108
Affordability Snapshot
$350,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$8,177/mo PITI).

23%
Rent-to-Income Ratio

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

11.7x
Home Price-to-Income Ratio

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

50.3 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 94703 in Berkeley city, CA, a household would need roughly $350,000 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 $8,177. That is about 221% above the local median household income ($108,922), 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
39.4%-40% vs US avg
x
Vacancy Rate
9.6%-7% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
27.3%-45% vs US avg
x
Mortgage-Free
30.8%-19% vs US avg
x
$1,273,000
Home Value
$2,108
Rent
1944
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached36.8%
  • 1-unit attached4.2%
  • 2-9 units41.6%
  • 10+ units17.2%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,273,000
Median rent$2,108
Owner-occupied39.4%
Vacant9.6%
Price-to-income11.7x
Est. income to buy$350,000