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City · 15,149 residents · Oakland County, Michigan

Berkley , Michigan

In Berkley, a typical home is worth $316,700 and typical rent is $1,526 a month. Compared with all of Oakland County, typical household income is 19% higher, typical rent is 11% higher, and the share of households that own their home is 15 points higher.

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  • Typical home value

    $316,700

    8% below the county

    37% above Michigan

    • Berkley
    • Oakland
    • Michigan

  • Typical rent

    $1,526a month

    11% above the county

    35% above Michigan

    • Berkley
    • Oakland
    • Michigan

  • Typical household income

    $116,239a year

    19% above the county

    60% above Michigan

    • Berkley
    • Oakland
    • Michigan

  • Households that own their home

    88%

    15 points above the county

    15 points above Michigan

    • Berkley
    • Oakland
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$312,861
1.9% more than 12 months ago
Typical rent
$1,993 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Berkley is in Oakland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Oakland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Berkley apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Oak Park, the typical home value is $212,300: 33% less than in Berkley ($316,700).

  2. Berkley has the 9th highest homeownership rate of the 179 cities in Michigan with more than 5,000 people (88%).

  3. Nearby, in Clawson, the typical rent is $1,253: 18% less than in Berkley ($1,526).

  4. The typical household income in Berkley is $116,239, 19% more than in Oakland County as a whole ($97,760).

  5. Berkley has the 12th smallest share of rent-burdened renters of the 168 cities in Michigan with more than 5,000 people (37%).

  6. Berkley has the 17th highest typical rent of the 175 cities in Michigan with more than 5,000 people ($1,526).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Berkley

What homes there are in Berkley, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Berkley, 9 in 10 homes are single-family detached houses; in Oakland County, 7.

Year built

The typical home in Berkley was built in 1949, 26 years before the typical one in Oakland County.

There is more room for a big family here: 78% of homes have 3 bedrooms or more, against 66% in Oakland County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 92% of owner-occupied homes in Berkley are worth less than the FHA loan limit for Oakland County ($541,287).

Monthly rent with utilities

With a mortgage

$1,813 a month

Oakland County: $1,998 a month

Without a mortgage

$650 a month

Oakland County: $778 a month

Owners with a mortgage

74%

Oakland County: 65%

In Berkley, 74% of owners have a mortgage, and their typical cost is $1,813 a month, against $1,998 in Oakland County. Without one it drops to $650.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Berkley rose 59%; in Oakland County, it rose 42%.

The typical rent in Berkley stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBerkleyOakland CountyMichiganUnited States
Rental vacancy Unreliable estimate7.4%5.1%5.5%
Homeowner vacancy Unreliable estimate0.4%0.8%0.9%
More than one person per room Unreliable estimate1.2%1.6%3.4%
People per household 2.212.392.422.53
Drive alone 70%71%74%69%
Carpool 4%6%8%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 23%20%14%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Berkley has 2.21 people, fewer than in Oakland County (2.39).

The car rules in Berkley: 70% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Berkley?

A typical home is within reach of the typical income

We start with a typical home in Berkley, worth $316,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Berkley, which is $116,239 a year.

The calculator's FHA and conventional loan limits are those of all of Oakland County.

Your numbers

Local data
$

Starts at the typical home value in Berkley. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,085 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,706

at 7.18% · 30 years

Loan amount
$310,963
Total interest
$447,403
Paid off in
November 2056

Includes $5,348 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,712 a month

    Your payment · 28%

  • Tight

    $2,712 to $3,487 a month

  • Hard

    more than $3,487 a month

Compared with the typical household income in Berkley ($116,239 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,706
Principal & interest$2,107
Property tax$327
Home insurance$132
FHA mortgage insurance (MIP)$140

You need at least $11,085 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Berkley and Oakland County

Berkley is in Oakland County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Berkley's own numbers

Typical home value
$316,700
Typical monthly rent
$1,526
Typical yearly household income
$116,239
Households that own their home
88%
Effective property tax rate
1.24%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Oakland County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Oakland County.

Everything about Oakland County

Buying

Buying a home in Berkley

A typical home in Berkley is worth $316,700: 8% below the county and 37% above Michigan. With the typical household income in Berkley ($116,239 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Berkley 2.7 years
  • Oakland 3.5 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Oakland County

According to FHFA’s house price index, home prices in Oakland County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Oakland County.

Period County Michigan U.S.
Last year (2025) +4.2% +4.7% +2.9%
5 years (2020–2025) +45% +52% +47%
10 years (2015–2025) +85% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Berkley next to Oakland County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Berkley $316,700
  • Oakland $343,600
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Berkley $1,526
  • Oakland $1,376
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Berkley $116,239
  • Oakland $97,760
  • Michigan $72,875
  • United States $80,734
See the full table
Berkley next to Oakland County and Michigan
Measure Berkley Oakland County Michigan U.S.
Typical home value $316,700 $343,600 $231,600 $332,700
Typical monthly rent $1,526 $1,376 $1,129 $1,413
Typical yearly household income $116,239 $97,760 $72,875 $80,734
Households that own their home 88% 73% 73% 65%
Typical yearly property tax $3,934 $4,371 $2,904 $3,119
Effective property tax rate 1.24% 1.27% 1.25% 0.94%
Renters with high rent for their income 37% 45% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Oakland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Berkley

For a typical $316,700 home in Berkley, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Berkley's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,706a month

    Least cash to close
    Down payment
    $11,085
    Cash to close
    $20,586
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $140

  • Conventional, 5% down $2,648a month

    Down payment
    $15,835
    Cash to close
    $25,336
    Rate
    7.18%
    Mortgage insurance
    PMI · $150

  • Conventional, 20% down, no PMI $2,176a month

    Down payment
    $63,340
    Cash to close
    $72,841
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,468a month

    Down payment
    $47,505
    Cash to close
    $57,006
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Berkley and for Oakland County.

Property tax

Effective rate in Berkley

1.24%of the home’s value each year

$3,934 a year for the typical owner in Berkley.

  • Berkley 1.24%
  • Oakland 1.27%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Oakland County

FEMA does not publish these numbers by city: they are for all of Oakland County.

Homes in the high-risk zone
0.4%
1,809
Of those, with NFIP insurance
21%
County Michigan U.S.
Homes in the high-risk zone 0.4% 1.6% 3.5%
Of those, with NFIP insurance 21% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Berkley

Typical rent in Berkley is $1,526 a month: 11% above the county. In Berkley, 37% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Oakland County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.

HUD fair market rent for all of Oakland County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,047 $20.13 $41,880
1 bedroom $1,167 $22.44 $46,680
2 bedrooms $1,459 $28.06 $58,360
3 bedrooms $1,777 $34.17 $71,080
4 bedrooms $1,929 $37.10 $77,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Berkley

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Berkley is in ZIP code 48072.

For 2 bedrooms it is $1,760: $301 more than the fair market rent for Oakland County ($1,459).

  • 48072 $1,760$2,140

A ZIP code counts for Berkley when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Berkley

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 7 HUD-approved agencies with an office in Oakland County; 5 say they serve in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Berkley

No down payment, repair or rent-help program on our list is for Berkley or Oakland County. The ones below are statewide in Michigan: they work in Berkley the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Berkley

The HUD-approved agencies closest to the center of Berkley, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Gesher Human Services

    29699 Southfield Rd, Southfield · 2 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (248) 233-4299

  • Nid-Hca Borrower Help Center

    19966 Livernois Ave, Detroit · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (313) 338-3840

  • Amandla Community Development Corporation

    7707 W Outer Dr, Detroit · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (313) 347-2829

Every agency in Oakland County All counseling agencies in Michigan

Help in Spanish near Berkley

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Berkley

In HUD’s record, no housing authority with an office in Oakland County is named for Berkley or Oakland County.

5 other authorities have an office in Oakland County: see the list Source: HUD

Cities

Other cities in Oakland County

These cities are also in Oakland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Oakland County Housing in Michigan
See 11 more cities in Oakland County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Berkley, with the typical home value.

Neighboring counties

If Oakland County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Berkley.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Berkley

Short answers with the numbers for Berkley and all of Oakland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Berkley?

The typical home value in Berkley is $316,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Oakland County it is $343,600.

How much does it cost to rent in Berkley?

Typical rent in Berkley is $1,526 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Oakland County is $1,459.

What is the FHA loan limit in Berkley?

Berkley uses the FHA limit for all of Oakland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Berkley?

The typical homeowner in Berkley pays $3,934 a year, according to the U.S. Census Bureau. That is 1.24% of the home’s value; in Oakland County, the rate is 1.27%.

Where can I find free help to buy or rent in Berkley?

There are 7 HUD-approved counseling agencies with an office in Oakland County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).