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Oakland city, CA

ZIP 94602 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94602

Median Home Value
$1,111,800
Median Rent
$1,794
Affordability Snapshot
$306,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,142/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

8.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

51.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94602 in Oakland city, CA, a household would need roughly $306,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,142. That is about 145% above the local median household income ($124,744), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.3%-9% vs US avg
x
Vacancy Rate
6.0%-42% vs US avg
x
Broadband Access
93.8%+8% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
12.1%-6% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
25.9%-48% vs US avg
x
Mortgage-Free
26.4%-31% vs US avg
x
$1,111,800
Home Value
$1,794
Rent
1938
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.4%
  • 1-unit attached4.4%
  • 2-9 units23.6%
  • 10+ units10.1%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,111,800
Median rent$1,794
Owner-occupied59.3%
Vacant6.0%
Price-to-income8.9x
Est. income to buy$306,000