Berkeley Makes List Of Top Housing Markets On The Rise

BERKELEY, CA — If you’re a homeowner in Berkeley, there’s good news from the financial website SmartAsset. A new analysis put Berkeley in the Top 10 for rising housing markets.

The Bay Area placed 12 cities in the Top 50, with 6 of them in the East Bay.

Here's a look at the Bay Area cities on the list and their ranking:

• Oakland (3)
• Hayward (4)
• Santa Clara (8)
• Berkeley (9)
• Richmond (13)
• Vallejo (16)
• Concord (17)
• Fremont (27)
• Sunnyvale (31)
• San Francisco (33)
• San Mateo (35)
• San Jose (49)

With housing at a premium in the Bay Area, it’s hard to imagine that some housing markets are declining, but according to SmartAsset, housing demand has declined by almost 5-percent in some cities. The publication emphasizes the importance of choosing the correct market for investing your money. Yes, it’s sometimes hard to break into the housing market, but your investment pays a greater return in these cities.

The Golden State dominated the top 10, with 7 cities. From 2014 through 2018, median household income in these cities increased an average of more than 26-percent.

Nationwide Top 10:

1. Jurupa Valley, CA
2. Lehigh Acres, FL
3. Oakland, CA
4. Hayward, CA
5. Aurora, CO
6. Modesto, CA
7. Vista, CA
8. Santa Clara, CA
9. Berkeley, CA
10. Phoenix, AZ

Methodology:

To find the top 10 rising housing markets across the country, SmartAsset looked at data from 2014 and 2018 for the 317 U.S. cities with a population greater than 100,000 across the following three metrics: housing demand, five-year change in median home value, and five-year change in median household income.

See the full study here.