Market Overview
Home Prices in Berkley, MI
The median home value in Berkley, MI is $325,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Berkley are priced21% below average. Berkley is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Berkley home values have risen by approximately17.4%, reflecting steady appreciation in this market.
Price History
Berkley Home Price Trend
City Comparison
Berkley vs. National Median
At $325,239, homes in Berkley cost 21% below the national median of $410,000. This makes Berkley a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Berkley?
20% Down Payment
$65,048
on $325,239
Monthly P&I
$1,696/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,154/mo
incl. taxes & insurance
Income Needed
$86,160
gross annual (30% rule)
10% Down Option
$32,524
+ PMI applies
Loan Amount (20% dn)
$260,191
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Berkley, MI?
The median home value in Berkley is $325,239 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Berkley?
Over the past year, home values in Berkley have increased by 2%. Over five years, prices have risen approximately 17.4%.
How much do I need to earn to buy a home in Berkley?
To comfortably afford the median home price of $325,239 with a 20% down payment ($65,048) at today's rates (6.8%), you'd need a gross annual income of approximately $86,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Berkley compare to the national average home price?
The national median home value is approximately $410,000. At $325,239, homes in Berkley are 21% below the national average.
What metro area is Berkley part of?
Berkley is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.