94707, Berkeley, CA

The 94707 zip code of Berkeley, CA has a median home value of $1,099,000. This is higher than the California median home value of $895,000. The 94707 zip code also has a higher than average percentage of homes with a mortgage at 84%. This is higher than the California average of 73%.

There are many factors that contribute to the high home values in the 94707 zip code of Berkeley. One reason is that Berkeley is a highly desirable city to live in. It has a high quality of life and is known for its progressive politics. Additionally, Berkeley is an affluent city and its residents are able to afford high home prices.

Another factor contributing to the high home values in the 94707 zip code of Berkeley is the low supply of homes available for sale. There are only 593 homes for sale in this zip code compared to 9,906 homes available in the California ZIP Code as a whole. This limited supply has led to increased demand and therefore increased prices for homes in this area.