94702, Berkeley, CA

Home Equity and Home Prices in the 94702 Zip Code of Berkeley, CA

The 94702 zip code of Berkeley, CA has a median home value of $1,062,000. This is higher than the California median home value of $846,500. The 94702 zip code also has a median home equity value of $269,000 which is higher than the California median home equity value of $222,500.

There are a number of factors that contribute to the high home values in this zip code. First and foremost is the strong economy which has led to an increase in demand for homes throughout the Bay Area. Additionally, Berkeley is one of the most desirable neighborhoods in all of California and as such there are limited available homes for sale compared to other areas in the state.

Despite these high values however, there are still many opportunities for buyers who are interested in purchasing a home in this area. The 94702 zip code has a relatively low population density which means that there are plenty of available lots and acreage for potential homeowners. Additionally, many people who live in this area commute into downtown Berkeley or Oakland which means that there is always demand for housing near major employment centers.