94703, Berkeley, CA

Home Equity and Home Prices in the 94703 Zip Code of Berkeley, CA

The 94703 zip code of Berkeley, CA has a median home value of $1,033,000. This is higher than the California median home value of $848,500. The 94703 zip code also has a higher than average percentage of homes with equity (77%). This is likely due to the high demand for housing in Berkeley and its surrounding areas.

The average home price in the 94703 zip code increased by 5% from 2016 to 2017. The average sale price was $995,000 during this time period. This increase was likely due to strong demand for housing in Berkeley and its surrounding areas.

There are a number of factors that can affect home prices including interest rates, local market conditions, and availability of inventory. While there is no one definitive answer to whether or not home prices will continue to rise in the 94703 zip code over the long term, it is safe to say that there is strong demand for housing here and that prices are likely going to continue increasing over time.