The story of this market
The typical home in ZIP 94705 sells for about $1,850,000, or $850 per square foot.
Prices are down 7.39% from a year ago, which gives buyers more room to negotiate. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $2,441 a month.
ZIP 94705
The 94705 housing market remains a high-value enclave with limited inventory and steady demand. While year-over-year price growth has moderated, the area's desirability and proximity to major employment hubs continue to support premium valuations. Buyers are currently navigating a market with low supply and high entry costs.
This ZIP is ideal for affluent families, academics, and professionals who value historic architecture, top-tier schools, and proximity to the University of California. It is less suited for budget-conscious renters or those seeking new-construction suburban sprawl.
Median prices moved down 7.4% year over year.
Homes spend a median of 39 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 10.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 94705, Alameda County, CA
Crime rates in the area are generally lower than the broader Oakland-Berkeley urban core, though property crime remains a consistent concern for residents. The area is considered safer than the city average but experiences typical urban-adjacent crime patterns.
The area is served by the Berkeley Unified School District, which is highly regarded for its academic rigor and diverse programming. Schools in this ZIP are consistently rated among the top in the region.
The area faces moderate wildfire risk due to its proximity to the Berkeley Hills and dense vegetation. Flood risk is generally low, though insurance premiums are rising due to regional climate-related wildfire exposure.
Economic momentum is driven by proximity to the University of California, Berkeley, and the broader East Bay biotech and tech corridors. Development is largely infill-focused due to the built-out nature of the historic neighborhood.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents benefit from proximity to major transit corridors, including AC Transit lines and BART stations in nearby Berkeley and Oakland. The commute to San Francisco or downtown Oakland is highly accessible via public transit or highway I-580.
The area features extensive access to the Claremont Canyon Regional Preserve and numerous neighborhood parks. Shopping and dining are concentrated in the Elmwood and Claremont districts, offering a high density of local boutiques and cafes.
The rental market is characterized by high demand from university-affiliated residents and professionals, keeping vacancy rates low. Short-term rental activity is strictly regulated by the City of Berkeley.
The economy is anchored by the University of California, Berkeley, and a robust network of research, biotech, and professional service firms. The area benefits from a highly educated workforce and strong regional economic ties to the San Francisco-Oakland metro.
The area is well-served by AC Transit and is within a short drive or bus ride to the Rockridge and Ashby BART stations. Infrastructure is focused on maintaining historic street grids while improving pedestrian and bicycle connectivity.
Development is primarily focused on small-scale infill and accessory dwelling unit (ADU) construction. Major projects are limited by the area's historic preservation status and zoning constraints.
Parcels are subject to Berkeley Unified School District taxes and various Alameda County special district assessments for fire, library, and transit services.
Property insurance premiums are elevated due to the region's high wildfire risk profile. Many homeowners rely on the California FAIR Plan as a secondary market option.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags Discovery Kingdom4.119 mi
- Six Flags Hurricane Harbor Concord3.712.5 mi
- Children's Fairyland4.54.1 mi
- Urban Air Trampoline and Adventure Park4.412.9 mi
- Round1 Bowling & Arcade - San Francisco3.516.4 mi
- Chase Center4.710.7 mi
- Oracle Park4.710.4 mi
- Palace of Fine Arts4.812.4 mi
- Moscone Center4.510.6 mi
- Six Flags Discovery Kingdom4.119 mi
- PIER 394.610.3 mi
- Oracle Park4.710.4 mi
- Fisherman's Wharf4.610.6 mi
- The Painted Ladies4.412.4 mi
- Chinatown San Francisco4.310.7 mi
- PIER 394.610.3 mi
- Ferry Building4.69.9 mi
- Golden Gate Bridge4.813.7 mi
- The Painted Ladies4.412.4 mi
- California Academy of Sciences4.614.3 mi
- Mission Dolores Park4.712.8 mi
- Oakland Zoo4.69.4 mi
- Union Square4.410.8 mi
- Presidio Tunnel Tops4.912.9 mi
- Salesforce Park4.810.2 mi
- Jack London Square4.55.4 mi
- Encinal Yacht Club4.75.9 mi
- Emery Cove Yacht Harbor4.64.5 mi
- Berkeley Yacht Club4.54.6 mi
- Berkeley Marina, Dock K4.54.4 mi
- Corica Park Golf Course4.28.7 mi
- Monarch Bay Golf Club4.111.8 mi
- Tilden Park Golf Course4.11.8 mi
- Lake Chabot Golf Course4.210.7 mi
- Redwood Canyon Golf Course4.212.7 mi
- PIER 394.610.3 mi
- Ferry Building4.69.9 mi
- Berkeley Bowl West4.73.1 mi
- Berkeley Bowl Marketplace4.61.9 mi
- Macy's4.310.9 mi
- San Francisco International Airport4.318.8 mi
- Oakland San Francisco Bay Airport4.210.1 mi
- Elevation LVK4.325.5 mi
- Seaplane Adventures4.815.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive hiking trails with panoramic views of the Bay Area.
Historic commercial corridor with local boutiques and restaurants.
Historic landmark hotel and private club serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.