The story of this market
The typical home in ZIP 94708 sells for about $1,669,160, or $915 per square foot.
Prices are up +14.5% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,051 a month.
ZIP 94708
The 94708 housing market is currently very hot, characterized by high demand and a significant sale-to-list ratio of 126%. Prices have seen strong year-over-year growth of 14.5%, driven by limited inventory and the area's high desirability. Buyers are moving quickly, with a median of 25 days on market, reflecting a competitive seller's market.
This ZIP is ideal for affluent families and professionals seeking proximity to the university and scenic hillside living, though it is less suited for those seeking high-density urban convenience.
Median prices moved up 14.5% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 126% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 4.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 94708, Alameda County CA
The area is served by the Berkeley Unified School District, which is generally well-regarded within the region.
The area faces wildfire risks common to the Berkeley Hills, necessitating careful insurance and mitigation planning.
Economic momentum is driven by proximity to the University of California, Berkeley, and the broader San Francisco-Oakland tech and research corridor.
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 typically face a commute toward the Berkeley/Oakland employment hubs or across the bay to San Francisco via highway or BART transit.
The area features extensive access to Tilden Regional Park, numerous hiking trails in the Berkeley Hills, and proximity to the shopping and dining districts of North Berkeley.
The rental market is highly competitive with high demand, reflecting the area's desirability and limited housing stock.
The economy is anchored by the University of California, Berkeley, and a strong mix of research, education, and professional services.
The area relies on local bus lines and proximity to BART stations in Berkeley for regional transit access.
Development is largely constrained by topography and zoning, with limited new construction projects.
The Alameda County Assessor manages property valuations under state-mandated assessment guidelines.
Parcels are subject to Berkeley Unified School District taxes and various regional utility and transit district assessments.
Property insurance premiums are elevated due to the significant wildfire risk associated with the hillside geography.
California is a non-judicial foreclosure state with specific notice and redemption requirements.
California requires comprehensive seller disclosures regarding property condition and known hazards.
Data retrieved from Census Reporter and ACS 2024 profiles.
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 Kingdom4.116.4 mi
- Six Flags Hurricane Harbor Concord3.712.4 mi
- Children's Fairyland4.56.4 mi
- Urban Air Trampoline and Adventure Park4.412.9 mi
- Round1 Bowling & Arcade - San Francisco3.517 mi
- Chase Center4.711.6 mi
- Oracle Park4.711.1 mi
- Palace of Fine Arts4.812.4 mi
- Moscone Center4.511.2 mi
- Six Flags Discovery Kingdom4.116.4 mi
- PIER 394.610.4 mi
- Oracle Park4.711.1 mi
- Fisherman's Wharf4.610.7 mi
- The Painted Ladies4.412.8 mi
- Chinatown San Francisco4.311 mi
- PIER 394.610.4 mi
- Ferry Building4.610.4 mi
- Golden Gate Bridge4.813.2 mi
- The Painted Ladies4.412.8 mi
- California Academy of Sciences4.614.5 mi
- Oakland Zoo4.612.3 mi
- Union Square4.411.3 mi
- Presidio Tunnel Tops4.912.7 mi
- Salesforce Park4.810.8 mi
- Civic Center Plaza4.412.1 mi
- Jack London Square4.57.5 mi
- Richmond Yacht Club4.86.8 mi
- Emery Cove Yacht Harbor4.65.2 mi
- Berkeley Yacht Club4.54 mi
- Berkeley Marina, Dock K4.53.9 mi
- Corica Park Golf Course4.211.4 mi
- Tilden Park Golf Course4.11.3 mi
- Peacock Gap Golf Club4.212.9 mi
- Sequoyah Country Club4.711.6 mi
- Skylinks at Buchanan Fields Golf Course4.412.1 mi
- PIER 394.610.4 mi
- Ferry Building4.610.4 mi
- Berkeley Bowl West4.73.8 mi
- Berkeley Bowl Marketplace4.63.1 mi
- Macy's4.311.3 mi
- San Francisco International Airport4.320.7 mi
- Oakland San Francisco Bay Airport4.212.8 mi
- Elevation LVK4.327.9 mi
- Seaplane Adventures4.813.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive regional park offering hiking, swimming, and botanical gardens.
A famous culinary district located nearby in North Berkeley.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.