Berkeley is a well-known Californian city with a storied identity and deep roots. The overall culture is academic, intellectual, and artistically bright. But managing rental property here isn’t always simple. With high home values, strict regulations, and a demanding tenant pool, it’s better to go for professional Berkeley property management.
That’s where Tenant Planet steps in. With over nine years of experience and more than 1,500 units under management, we are one of the best property management companies in Berkeley, helping property owners increase rental income, protect their investment, and minimize stress. Whether you own a single-family craftsman, a student rental near campus, or a historic multi-unit building, we’ve got you covered.
Berkeley is an average-sized city on the coast. It lies on the east of the San Francisco Bay. With a population of 120,000 and a median age of 32.9 years. The mean household income in Berkeley is $108,558. The city is a vibrant epicenter of high employment rates and modernism.
Berkeley has over 62,000 employees. Professional services, education, medical care, and technology represent its top industries. Working remotely is prevalent, and over 32% work remotely, specifically in knowledge and creative roles. The average home value reached over $1.35 million by 2023. Even though 43.3% of the homes are owned by their residents, the real estate market is thriving with renters.
Berkeley is one of the most intellectually inclined cities in the nation as around 3/4th (75%) of the city’s population holds a bachelor’s degree or more.
The population breakdown in Berkeley is 51.7% White, 20.6% Asian, 7.1% Black, and 12.1% Hispanic, leading to an overall 21% of foreign/expat population.
The dominantly spoken language there is English, followed closely by Spanish and Chinese.
Berkeley is a family-friendly city with walk-able neighbourhoods. It has bookshops, parks, marinas, weekly farmer’s markets, and more. It keeps everyone entertained! No matter how long you’re in Berkeley, be it a week or a decade, it will remain ever-welcoming and enjoyable.
Adventure Playground
A unique, hands-on play area for kids
Habitot Children’s Discovery Museum
A local favorite for interactive learning
Downtown Arts District
Live performances, galleries, and music
Berkeley Art Museum & Pacific Film Archive
Cutting-edge exhibits and indie films
Lawrence Hall of Science
Engaging STEM learning for all ages
Tilden Regional Park
A classic Berkeley escape with hiking, botanical gardens, and a scenic carousel
Berkeley Marina
Ideal for waterfront walks, kayaking, and breathtaking Bay views
Telegraph Avenue
The soul of Berkeley, lined with bookstores, vintage shops, and eclectic restaurants
Berkeley Farmers’ Markets
Fresh, local, and beloved by residents
UC Berkeley Campus
Take a walking tour, visit secret spots, and enjoy the open, academic energy
The climate of Irvine is arid sub-tropical, with very mild, relatively rainy winters and warm, sunny summers.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 57°F | 61°F | 63°F | 66°F | 68°F | 71°F | 72°F | 73°F | 70°F | 73°F | 63°F | 57°F |
| Avg | 50°F | 53°F | 55°F | 68°F | 61°F | 64°F | 66°F | 67°F | 63°F | 64°F | 56°F | 50°F |
| Low | 44°F | 46°F | 48°F | 50°F | 53°F | 56°F | 58°F | 59°F | 55°F | 53°F | 49°F | 44°F |
| High | Avg | Low | |
|---|---|---|---|
| Jan | 57°F | 50°F | 44°F |
| Feb | 61°F | 53°F | 46°F |
| Mar | 63°F | 55°F | 48°F |
| Apr | 66°F | 68°F | 50°F |
| May | 68°F | 61°F | 53°F |
| Jun | 71°F | 64°F | 56°F |
| Jul | 72°F | 66°F | 58°F |
| Aug | 73°F | 67°F | 59°F |
| Sep | 70°F | 63°F | 55°F |
| Oct | 73°F | 64°F | 53°F |
| Nov | 63°F | 56°F | 49°F |
| Dec | 57°F | 50°F | 44°F |
This table shows Irvine CA average temperature by month.
There are several fully developed neighbourhoods in Berkeley, all having their distinct personalities, amenities, and ZIP codes.
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Berkeley offers unique investment appeal because of the distinguished academic presence, cultural vibrancy, and stable rental demand. It’s home to UC Berkeley and Lawrence Berkeley Lab, attracting students, faculty, and researchers year-round, and creating a steady stream of renters seeking convenience and community. The average sale value of the city stands at $1.6 million, and houses typically sell within the span of roughly 15 days. This reflects the competition of the market and its appeal to investors.
Its older pedestrian-focused neighborhoods of Elmwood, North Berkeley, Poet’s Corner, and Ocean View balance historic appeal and new-age enhancements to appeal to high demand renters. Persistent demand, limited supply, and urban-suburban blend make Berkeley a
Berkeley’s property values have historically delivered solid returns. Up to May 2025, the median sale price stands at $1.6 million, a gain of 17.6% over last year with residences receiving offers within roughly 15 days. But according to Zillow, the average home valuation stands at $1.435 million reflecting a slight drop of 2.7% within the last year.
Longer-term appreciation has averaged roughly 5.15% annually, below the national average but individual Berkeley neighborhoods have significantly outperformed. The fluctuations have been short-term and don’t stand tall against the features Berkeley provides such as highly-esteemed educational institutions, land, sightseeing venues, and more.
On average, an apartment in Berkeley can cost $2000-$4000 monthly. However, the figure does depend on a variety of factors such as the property’s size, its location, and the basic amenities that it comes with
| Property Type | Average Rent | Average Size (Sq Ft) |
|---|---|---|
| Apartment 1 BR | $2,297/month | 429 Sq Ft |
| House 2 BR | $2,111/month | 488 Sq Ft |
| Townhouse 1 BR | $2,449/month | 530 Sq Ft |
| Condo | $2,470/month | 725 Sq Ft |
| Unit Size | Average Rent | Average Size (Sq Ft) |
|---|---|---|
| Studio | $2,078/month | 429 Sq Ft |
| 1 Bedroom | $2,297/month | 568 Sq Ft |
| 2 Bedrooms | $3,137/month | 777 Sq Ft |
| 3 Bedrooms | $4,296/month | 871 Sq Ft |
Please note that these figures are averages, and rental prices can vary based on location, property condition, and market demand.
| Neighborhood | Average Rent | Average Sq Ft |
|---|---|---|
| Lorin District | $1,588/month | 268 Sq Ft |
| Southside | $1,638/month | 416 Sq Ft |
| Spaulding at Berkeley | $2,209/month | 337 Sq Ft |
| Daleys Scenic Park | $1,817/month | 436 Sq Ft |
| Hillegass | $2,498/month | 489 Sq Ft |
| Neighborhood | Average Rent | Average Sq Ft |
|---|---|---|
| Sea View Park | $3,211/month | 564 Sq Ft |
| San Pablo Park | $3,197/month | 787 Sq Ft |
| Gourmet Ghetto | $3,165/month | 560 Sq Ft |
| Ocean View | $3,164/month | 729 Sq Ft |
Yes. Berkeley is a pricey real estate market, in fact, one of the most expensive ones in America. Its average monthly rent falls around $3,010 to $3,195. This includes basic amenities.Berkeley’s real estate market values are touching the roof, putting it in the top 1% of the world’s most costly regions to live in.
Berkeley is extremely pricey because of it’s geographic location (closeness to San Francisco and Oakland), proximity to top-notch educational institutions like UC Berkeley, high amount of renters, and a low amount of available housing. All these factors contribute to a living cost that is 95% higher than the American average.
For a reasonably priced and comfortable life in Berkeley, an individual would have to earn more than and spend around $3,226 monthly. This is a high figure but it does include rent, food, healthcare, medicines, transportation, and amenities. For a nuclear family (four members) this number would rise to $7,392 per month.
Berkeley Hills houses the most expensive districts of Berkeley, around Solano Avenue corridor and the Claremont Hotel. The median household income here goes high, and reaches around $159,000.
From marketing and tenant screening to repairs and financial reporting, Tenant Planet takes care of every detail, so you don’t have to. Let’s turn your rental into a hands-off investment.
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