Berkeley, NJ housing market
Home prices around Berkeley have risen about 79% over the past 5 years. Builders were permitted 144 new homes in 2025.
Home values, sales, trends and how Berkeley compares with the towns next door — updated as new data is published.
Home prices up 79% in 5 years
The federal house price index for the ZIP codes around Berkeley rose 79% over the past 5 years, faster than across New Jersey (63%). Last year prices rose 8.8%. Carrying the Census median home value forward with that index puts the typical Berkeley home at roughly $607,000 today.
Show as a table
| Year | Change that year | Since 2000 | New Jersey since 2000 |
|---|---|---|---|
| 2025 | +8.8% | +262% | +191% |
| 2024 | +5.8% | +233% | +174% |
| 2023 | +10% | +215% | +152% |
| 2022 | +21% | +185% | +128% |
| 2021 | +17% | +137% | +98% |
| 2020 | +6.2% | +102% | +79% |
| 2019 | +2.8% | +90% | +73% |
| 2018 | +2.8% | +85% | +68% |
| 2017 | +5.5% | +80% | +62% |
| 2016 | +1.1% | +71% | +59% |
| 2015 | +0.4% | +69% | +55% |
| 2014 | +5.6% | +68% | +52% |
| 2013 | +1.4% | +59% | +48% |
| 2012 | −6.5% | +57% | +47% |
| 2011 | −5% | +68% | +52% |
| 2010 | −7% | +77% | +59% |
| 2009 | −8.6% | +90% | +66% |
| 2008 | −6.5% | +108% | +81% |
| 2007 | −0.6% | +122% | +90% |
| 2006 | +9% | +124% | +91% |
| 2005 | +18% | +105% | +75% |
| 2004 | +19% | +74% | +51% |
| 2003 | +14% | +46% | +31% |
| 2002 | +16% | +28% | +22% |
| 2001 | +10% | +10% | +9.7% |
| 2000 | — | — | — |
How Berkeley ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 08721, 08757, 08752, 08759, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
144 new homes permitted in 2025
Builders were permitted 144 new homes in Berkeley in 2025, all single-family houses, worth about $35.2 million to build. That's 3.2 per 1,000 residents, about the pace of New Jersey as a whole. Over the past 10 years, Berkeley has permitted 1,116 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Berkeley gained 2,499 residents while 886 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. Across New Jersey: 2 new residents per new home.
How Berkeley ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 45 | 45 | 0 | $14.5 million |
| 2025 | 144 | 144 | 0 | $35.2 million |
| 2024 | 144 | 144 | 0 | $27.7 million |
| 2023 | 131 | 131 | 0 | $30.2 million |
| 2022 | 97 | 97 | 0 | $18.2 million |
| 2021 | 120 | 120 | 0 | $19.7 million |
| 2020 | 96 | 96 | 0 | $17.7 million |
| 2019 | 98 | 98 | 0 | $15.3 million |
| 2018 | 122 | 112 | 10 | $21 million |
| 2017 | 92 | 92 | 0 | $17.2 million |
| 2016 | 72 | 56 | 16 | $8.1 million |
| 2015 | 107 | 82 | 25 | $15.3 million |
| 2014 | 116 | 116 | 0 | $19.6 million |
| 2013 | 81 | 71 | 10 | $16.6 million |
| 2012 | 71 | 71 | 0 | $10.6 million |
| 2011 | 56 | 56 | 0 | $7.8 million |
| 2010 | 71 | 71 | 0 | $7.2 million |
| 2009 | 41 | 41 | 0 | $5.6 million |
| 2008 | 57 | 57 | 0 | $12.2 million |
| 2007 | 78 | 78 | 0 | $11 million |
| 2006 | 102 | 99 | 3 | $14.9 million |
| 2005 | 111 | 108 | 3 | $12.3 million |
| 2004 | 128 | 128 | 0 | $15.1 million |
| 2003 | 188 | 188 | 0 | $16.2 million |
| 2002 | 124 | 124 | 0 | $10.7 million |
| 2001 | 254 | 251 | 3 | $17.6 million |
| 2000 | 633 | 557 | 76 | $51.5 million |
How Berkeley ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Berkeley and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Berkeley | — | +8.8%† | $2,180 | 144 | $66,008 |
| Lacey | — | +4.9%† | $2,750 | 67 | $102,624 |
| Ocean | — | +15.9%† | $2,120 | 80 | $100,524 |
| Pine Beach | $586K | +6.4% | $2,320 | 10 | $142,920 |
| Toms River | $465K | +3.9% | $2,230 | 204 | $99,547 |
| Beachwood | $472K | +5% | $2,740 | 6 | $106,858 |
| Seaside Park | $879K | +7.9% | $1,960 | 10 | $84,375 |
† FHFA price index change, where Zillow has no home value for the town.
4.7 years of income
The typical Berkeley home costs about 4.7 years of the town's median household income, less than across New Jersey (5.6 years).
How Berkeley ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,180
HUD's Fair Market Rent for a two-bedroom in Berkeley is $2,180 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Berkeley pay a median of $1,683, so moving in tends to cost more than staying put. A two-bedroom takes about 40% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,570 · 4 bedrooms $3,160
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (08721, 08752, 08757, 08759; Monmouth-Ocean, NJ HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Berkeley
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.