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Oakland city, CA

ZIP 94607 — 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 94607

Median Home Value
$744,600
Median Rent
$1,779
Affordability Snapshot
$205,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,783/mo PITI).

24%
Rent-to-Income Ratio

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

8.5x
Home Price-to-Income Ratio

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

34.9 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 94607 in Oakland city, CA, a household would need roughly $205,000 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 $4,783. That is about 133% above the local median household income ($87,937), 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

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
30.5%-53% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
1.9%-88% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
22.1%-56% vs US avg
x
Mortgage-Free
26.5%-31% vs US avg
x
$744,600
Home Value
$1,779
Rent
1977
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached13.8%
  • 1-unit attached9.3%
  • 2-9 units21.7%
  • 10+ units55.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$744,600
Median rent$1,779
Owner-occupied30.5%
Vacant11.6%
Price-to-income8.5x
Est. income to buy$205,000