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Oakland city, CA

ZIP 94609 — 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 94609

Median Home Value
$1,147,900
Median Rent
$2,045
Affordability Snapshot
$316,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,374/mo PITI).

23%
Rent-to-Income Ratio

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

10.8x
Home Price-to-Income Ratio

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

46.8 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 94609 in Oakland city, CA, a household would need roughly $316,000 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 $7,374. That is about 196% above the local median household income ($106,698), 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
32.4%-50% vs US avg
x
Vacancy Rate
7.7%-25% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
8.1%-37% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
20.6%-58% vs US avg
x
Mortgage-Free
26.4%-31% vs US avg
x
$1,147,900
Home Value
$2,045
Rent
1940
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 detached32.3%
  • 1-unit attached3.0%
  • 2-9 units38.9%
  • 10+ units25.7%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,147,900
Median rent$2,045
Owner-occupied32.4%
Vacant7.7%
Price-to-income10.8x
Est. income to buy$316,000