The median home in Berkley, Michigan is valued at $300,227, up 2.4% year over year. Typical monthly rent is $2,131, producing a price-to-rent ratio of 11.7x — below the national average of 18x. Berkley is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$300,227

+2.4%

Rent$2,131/mo

AFFORDABILITY

Enter your income for Berkley.

Income (annual)

Down Payment

$60,045 on $300,227

Stretch — 32.6% of income

Above 28% but manageable with cuts.

PITI$2,037

P/I32.6%

Afford$258K

Gap-$42K

P&I $1,518Tax $385Ins $133

Buying $94/mo cheaper ($2,131 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Berkley with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

BERKLEY, MI