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Berkeley California Real Estate



B


erkeley, California, is         the Berkeley Hills to newly       
located in Alameda County,      restored Victorians that surround 
11 miles NE of San              the university and downtown       
Francisco, California.                areas. Designer of the Hearst     
                                      Castle in San Simeon and          
Berkeley is a vibrant,                California's first female         
intellectually-energetic city         architect Julia Morgan firmly set 
with a population of 102,743. At      her roots here, and you can still 
its center is the world-renowned      see her historic                  
University of California at           buildings—designated as         
Berkeley, home to current and         landmarks—throughout Berkeley,  
would-be Nobel prize winners,         including the Berkeley City Club  
several cultural and art museums,     and the Julia Morgan Theatre—a  
performing arts, and the Golden       small arts production company.    
Bears football team. Home to                                            
‘California Cuisine' - a            Berkeley properties pool is       
neoclassical style of cooking         44,955 residential properties     
that incorporates fresh, seasonal     which include newly built         
ingredients--a term invented at       properties. The median age of     
Chez Panisse, the legendary           real estate in Berkeley is 1941,  
restaurant in North Berkeley          with an average Household size of 
founded by famed chef Alice           2.84 people. 8% are one bedroom   
Waters.                               homes, 31% are 2 bedroom homes,   
                                      36% are 3 bedroom homes, 18% are  
Berkeley Homes                        4 bedroom homes, and 7% are 5+    
                                      bedroom homes.                    
Homes in Berkeley reflect the                                           
eclectic and diverse style of its     Berkeley Mortgage Statistics      
residents, from popular Arts and                                        
Crafts era bungalows nestled in       Homes With No Mortgage - 29%      



Homes With Mortgage - 71%             or 0.27 kids per one worker, or   
First Mortgage Only - 54%             0.32 kids per one household.      
First & Second Mortgage or HELOC                                        
- 18%                                 Berkeley Real Estate & Berkeley   
                                      Homeownership                     
Berkeley Area Real Estate Tax                                           
                                      There are 17082.9 or 38% one      
Berkeley Real estate Tax: Median      person households, 15284.7 or 34% 
Real Estate Taxes (2000) were         two person households, and 6293.7 
$3,004 comparing to 1999 Median       or 14% three person households in 
Family income $ 70,434. Compare       Berkeley, California. Median      
to USA median yearly Real Estate      residents age is 32.5, Senior     
Tax $1,300 and USA median Family      citizens (65+) make up 10,484 or  
Income $42,000 (1999).                10.2%% of Berkeley population.    
                                                                        
Berkeley School District:             Large employees abound in         
Berkeley has a wide range of          Berkeley, including the           
private and public schools that       University of California, the     
boast one of the nation's highest     Bayer Corporation, and the Power  
test scores and attrition rates.      Bar company to name a few. There  
Among them is the unique Ecole        are 54,674 workers (over 16 years 
Bilingue which specializes in a       of age) in Berkeley. Of these,    
French immersion program for          52.83% drive to work.             
children up to age 14. Children       Approximately 18.58% of workers   
make up 14.1% of Berkeley's           in Berkeley take public           
population and a dizzying number      transportation. An estimated      
of cultural and extra-curricular      14.9% walk to work, taking        
programs are available to them        advantage of beautiful and        
year-round. Berkeley has 14,513       much-needed civic improvements    
of under 18 years old residents,      such as the new pedestrian bridge 



that links the Berkeley Marina        diversity. These statistics       
and the shoreline to the city.        indicate a high level of          
Berkeley—with its proximity to      multiculturalism and tolerance.   
San Francisco—and a year-round      Events that celebrate the city's  
temperate climate makes it a          many different ethnic communities 
popular place in which to live,       include the now institutional"How 
work, and thrive.                     Berkeley Can You Be" and an       
                                      annual Native American Pow Wow.   
Median Berkeley homeowner's                                             
housing expenses are 20.8%            Near Medium City -                
                                      Near Large City - San Francisco,  
Crime in Berkeley (2003), crimes      California                        
per 10,000 residents                  Berkeley Zip Codes - 94702,       
per year                              94703, 94704,                     
Violent Crimes - 90.13                94705, 94706, 94707, 94708,       
Robberies - 39.13                     94709, 94710                      
Aggravated Assaults -                 Berkeley Area Codes - 510         
48.86Property Crimes - 846.29         White population - 59.17%         
Burglaries - 121.18                   African-American population -     
Larceny-Thefts - 605.1                13.63%                            
Motor Vehicle Thefts - 120.01         Asian - 16.39%                    
                                      American Indian & Alaskan - {-}%  
Invest in Berkeley Properties         Hispanic (of any race) - 9.73%    
                                      Median Family Income (1999) - $   
When making a decision about          70,434%                           
buying real estate in Berkeley        Population Below Poverty Level -  
California area, you should           18.97%                            
consider the city's vast ethnic       

                              






About the Author:

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a mortgage resource site devoted to making mortgage terms and products easy to understand.

Source: www.isnare.com


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