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Berkeley, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,810
Monthly Cash Flow
-$5,625
Principal + Equity
$4,558
Annual Total Gain
-$12,810
Cash on Cash
-20.12%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$181
Occupancy Rate
74.19%
Monthly Revenue
$2,601
Monthly Cash Flow
-$6,224
Principal + Equity
$4,558
Annual Total Gain
-$19,996
Cash on Cash %
-22.26%
Net ROI %
Market Health & Growth
Median Income
$108,558
Population
120,223
LTR Renter %
56.67%
Forecast (1 yr)
-1.92%
Appreciation (1 yr)
-5.46%
Appreciation (5 yr)
6.6%
Appreciation (10 yr)
36.41%
Job Growth
-0.09%
LTR Rentability
Moderate
STR Demand
81
STR Rentals
983
Top Public Schools
AMiramonte High School
AYu Ming Charter School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Healthiest Cities in America
#1out of 229 markets
Healthiest Places to Live in America
#1out of 230 markets
Best Cities for Young Professionals in America
#7out of 229 markets
A
Public School
D
Crime And Safety
D
Housing
A
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Berkeley, CA.
In Berkeley, CA, short term rentals (STRs) are regulated by the city's Short Term Rental Ordinance. Here are some key regulations that an investor should be aware of before purchasing a property for short term rental in Berkeley:
1. Registration: All STR hosts must register their property with the city and obtain a business license before operating. The registration process includes providing proof of insurance, safety inspections, and compliance with zoning regulations.
2. Occupancy limits: The maximum occupancy for an STR in Berkeley is limited to two guests per bedroom plus an additional two guests. This means that a property with two bedrooms can host a maximum of six guests.
3. Length of stay: The maximum length of stay for an STR in Berkeley is 14 consecutive days. Guests must vacate the property for at least 30 days before returning for another stay.
4. Taxes: Hosts are required to collect and remit transient occupancy taxes to the city for each rental transaction. Failure to do so can result in fines and penalties.
5. Noise and nuisance regulations: Hosts are responsible for ensuring that their guests comply with noise ordinances and other regulations to prevent disturbances to neighbors.
6. Affordable housing impact fee: Hosts who operate an STR in Berkeley are required to pay an affordable housing impact fee to help mitigate the impact of short term rentals on the local housing market.
7. Noncompliance penalties: Violations of the city's STR regulations can result in fines, revocation of registration, and other penalties.
It is important for investors to thoroughly research and understand the regulations and requirements for operating an STR in Berkeley before purchasing a property for short term rental. Failure to comply with the city's regulations can result in financial and legal consequences.
Market Trends Over Time
Explore 25 years of market data for Berkeley, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Berkeley, CA.
The LTR Genie Score of Berkeley, CA is 43 and STR Genie Score is 53, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, suggesting that there may be some demand for long-term rentals in the area. However, the LTR Net ROI and STR Net ROI are negative, indicating that the potential returns on investment may be low. The 1-Year Price Appreciation Forecast is also negative, which could impact the overall profitability of the investment.
The STR Genie Score is slightly higher than the LTR Genie Score, suggesting that short-term rentals may be a more viable option in Berkeley. The STR Occupancy rate of 74.19% and STR Revenue of 2601 indicate that there is demand for short-term rentals in the area. However, investors should consider the negative net ROI and price appreciation forecast before making a decision.
Berkeley, CA is a vibrant city known for its progressive culture, top-tier universities, and proximity to San Francisco. The real estate market in Berkeley is competitive, with a mix of historic homes, modern developments, and a strong rental market. Investors should consider the unique characteristics of the area, such as the student population and tech industry presence, when evaluating investment opportunities.
In conclusion, while Berkeley, CA may offer some potential for both long-term and short-term rental investments, investors should carefully weigh the risks and rewards before making a decision. Considering the negative net ROI and price appreciation forecast, it may be more prudent to explore short-term rental opportunities in this market. Conducting thorough market research and consulting with local real estate professionals can help investors make informed decisions in this competitive market.
