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Oakland city, CA

ZIP 94606 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94606

Median Home Value
$747,600
Median Rent
$1,643
Affordability Snapshot
$206,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,802/mo PITI).

28%
Rent-to-Income Ratio

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

10.6x
Home Price-to-Income Ratio

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

37.9 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 94606 in Oakland city, CA, a household would need roughly $206,000 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 $4,802. That is about 191% above the local median household income ($70,769), 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
20.0%-69% vs US avg
x
Vacancy Rate
9.0%-12% vs US avg
x
Broadband Access
88.3%+2% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
8.4%-34% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
27.7%-44% vs US avg
x
Mortgage-Free
42.5%+11% vs US avg
x
$747,600
Home Value
$1,643
Rent
1951
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached21.4%
  • 1-unit attached4.8%
  • 2-9 units36.7%
  • 10+ units36.8%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$747,600
Median rent$1,643
Owner-occupied20.0%
Vacant9.0%
Price-to-income10.6x
Est. income to buy$206,000