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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oakland, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oakland, CA Housing Market Trends

With a population of 430,553, 170,282 total housing units (homes and apartments), and a median house value of $829,616, 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 41.75% of the city's housing units. Other types of housing that are prevalent in Oakland include large apartment complexes or high rise apartments ( 35.35%), duplexes, homes converted to apartments or other small apartment buildings ( 17.49%), and a few row houses and other attached homes ( 4.98%).

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.

The housing in Oakland was primarily built before 1939 ( 36.64%), making the housing stock in Oakland some of the oldest overall in America, although there is a range of ages of homes in Oakland. The next most important housing age is between 1940-1969 ( 31.56%), followed by between 1970-1999 ( 21.19%). There's also some housing in Oakland built between 2000 and later ( 10.61%).

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 110.27%, which ranks in the top 30% nationwide. This equates to an annual average Oakland house appreciation rate of 7.72%.

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 -0.80%, 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 -1.92%, which equates to an annual appreciation rate of -7.46%.

Notably, Oakland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Oakland's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Oakland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$829,616

Oakland, CA Home Prices
> $1,102,000
$827,001 - $1,102,000
$551,001 - $827,000
$441,001 - $551,000
$331,001 - $441,000
$221,001 - $331,000
$110,001 - $221,000
$55,001 - $110,000
$0 - $55,000
28.5%
28.5%
22.0%
22.0%
30.5%
30.5%
9.1%
9.1%
4.2%
4.2%
2.3%
2.3%
1.2%
1.2%
0.7%
0.7%
1.5%
1.5%
0% 100.0%
% of Homes
High

for California

Very High

for nation

Number of Homes And Apartments:

170,282

Oakland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,967 / per month

Homeownership Rate

Owners
Renters
41.4%
41.4%
58.6%
58.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.6%
10.6%
21.2%
21.2%
31.6%
31.6%
36.6%
36.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.7%
41.7%
5.0%
5.0%
17.5%
17.5%
35.3%
35.3%
0.4%
0.4%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
8.4%
8.4%
23.6%
23.6%
32.9%
32.9%
23.5%
23.5%
9.1%
9.1%
2.5%
2.5%
0% 100.0%
% of Homes