Berkley, Michigan is a part of the Oak Park/Royal Oak Submarket submarket area, and contains zip code 48072.
The 2019 average effective rent for Class A, B, and C apartments in the Berkley, MI submarket area was $903, which is 17.89% higher than 2014 average rent. This represents a compounded annual growth rate of 3.35%. 2019 vacancy in Berkley, MI was 2.40%.
The total population of the city of Berkley, MI has grown 3.04% since 2010. As of 2018, the population was 15,425. The median household income of the Berkley was $82,095, which is 36.16% higher than the national average.