Market Snapshot
- Median listing price
- $2.25M
- Median rent
- $2,595/mo
- Days on market
- 270 days
- Gross rental yield
- 1.39%
- STR vs LTR
- $3,018/mo STR · $2,595/mo LTR
The median listing price in Berkeley, CA ZIP 94705 is $2,245,000 as of June 2026.
The median market rent in Berkeley, CA ZIP 94705 is $2,595/month as of June 2026.
The median days on market in Berkeley, CA ZIP 94705 is 270 days as of June 2026. The market is currently neutral.
At a median list price of $2,245,000 and a median rent of $2,595/month, the gross rental yield in Berkeley, CA ZIP 94705 is 1.39% as of June 2026.
In Berkeley, CA ZIP 94705, median Airbnb revenue is $3,018/month compared to median long-term rent of $2,595/month as of June 2026.
Berkeley, CA 94705 Real Estate Market Report
ZIP Code: 94705
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Berkeley, CA, are averaging approximately 6.6%, reflecting a stable but elevated interest rate environment for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's median sold price is 1,709,000, which, combined with a long median days on market of 270, suggests slower sales velocity and pricing friction as sellers adjust expectations in response to recent transaction activity (down year-over-year price trend).
- Market conditions read as broadly balanced with a neutral market temperature, paired with relatively constrained active supply in the analyzed sample, which may indicate persistent buyer interest despite cooling prices (neutral).
- Rental demand is firm: the median market rent is 2,595 and rents are trending up, supporting hold strategies for investors seeking income stability rather than near-term price appreciation.
- Pricing intensity remains high at the median price per square foot of 770, while financing headwinds persist under an interest rate pressure assessment of moderate, which may continue to dampen buyer price tolerance and extend time-to-contract.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold at market average
Sold above market average
Sold above market average
Sold below market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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