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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 425,195, 158,937 total housing units (homes and apartments), and a median house value of $655,756, 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 42.80% of the city's housing units. Other types of housing that are prevalent in Oakland include large apartment complexes or high rise apartments ( 34.07%), duplexes, homes converted to apartments or other small apartment buildings ( 18.12%), and a few row houses and other attached homes ( 4.56%).
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 ( 37.45%), 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 ( 33.73%), followed by between 1970-1999 ( 21.16%). There's also some housing in Oakland built between 2000 and later ( 7.67%).
In the last 10 years, Oakland has experienced some of the highest home appreciation rates of any community in the nation. Oakland real estate appreciated 81.06% over the last ten years, which is an average annual home appreciation rate of 6.12%, putting Oakland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Oakland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Oakland that despite a nationwide downturn in the housing market, Oakland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oakland appreciation rates continue to be some of the highest in America, at 12.81%, which is higher than appreciation rates in 98.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oakland. Oakland appreciation rates in the latest quarter were at 4.90%, which equates to an annual appreciation rate of 21.08%.
Importantly, NeighborhoodScout’s exclusive research found that Oakland's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Oakland's latest annual appreciation rate is higher 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.
|$1,234,001 - $1,645,000||10.3|
|$823,001 - $1,234,000||20.3|
|$658,001 - $823,000||12.4|
|$494,001 - $658,000||18.9|
|$329,001 - $494,000||15.7|
|$164,001 - $329,000||10.2|
|$82,001 - $164,000||2.4|
|$0 - $82,000||2.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Oakland HOMES|
|2000 or Newer||7.7|
|1970 - 1999||21.2|
|1940 - 1969||33.7|
|1939 or Older||37.4|
|TYPE OF Oakland HOMES|
|Small Apt. Buildings||18.1|
|SIZE OF Oakland HOMES|
|5 or more bedrooms||2.40|