Oakland appreciation rates and housing market information

Oakland housing market information

With 399,477 people, 157,505 houses or apartments, and a median cost of homes of $430,920, real estate costs in Oakland are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in Oakland, accounting for 45.35% of the city's housing units. Other types of housing that are prevalent in Oakland include large apartment complexes or high rise apartments (31.75%), duplexes, homes converted to apartments, or other small apartment buildings (18.39%), and a few row houses and other attached homes (4.22%).

People in Oakland primarily live in small (one, two, or no bedroom) single-family detached homes. Oakland has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oakland's housing was primarily built during this period, from the '40s through the '60s. A full 44.31% of the city's housing hails from this era. Other housing ages represented in Oakland include homes built between 1939 and earlier (35.14%), and housing constructed from 1970-1994 (18.27%). There's also some housing in Oakland built between 1995 and later (2.28%).

Oakland home appreciation rates

Appreciation rates for homes in Oakland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.94%, which ranks in the top 20% nationwide. This equates to an annual average Oakland house appreciation rate of 9.89%.

Over the last year, Oakland appreciation rates have trailed the rest of the nation. In the last twelve months, Oakland's appreciation rate has been -14.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakland were at 0.13%, which equates to an annual appreciation rate of 0.52%.

Relative to California, our data show that Oakland's latest annual appreciation rate is higher than 56% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oakland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oakland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Oakland real estate investment or home purchase decisions.