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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 440,646 people, 160,095 houses or apartments, and a median cost of homes of $824,296, 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 41.79% of the city's housing units. Other types of housing that are prevalent in Oakland include large apartment complexes or high rise apartments ( 34.99%), duplexes, homes converted to apartments or other small apartment buildings ( 17.74%), and a few row houses and other attached homes ( 5.11%).

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 ( 37.47%), 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 ( 32.31%), followed by between 1970-1999 ( 21.66%). There's also some housing in Oakland built between 2000 and later ( 8.57%).

Oakland Home Appreciation Rates

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 188.28% over the last ten years, which is an average annual home appreciation rate of 11.17%, 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.

NeighborhoodScout's data show that during the latest twelve months, Oakland's appreciation rate, at 16.15%, has been at or slightly above the national average. In the latest quarter, Oakland's appreciation rate has been 3.51%, which annualizes to a rate of 14.82%.

Importantly, this makes Oakland one of the highest appreciating communities in the nation for the latest quarter, and 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 lower than 60% 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:
$824,296

Oakland, CA HOME PRICES

> $1,339,000
$1,004,001 - $1,339,000
$670,001 - $1,004,000
$535,001 - $670,000
$402,001 - $535,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
18.2%
18.2%
18.4%
18.4%
29.6%
29.6%
13.7%
13.7%
11.2%
11.2%
4.8%
4.8%
1.8%
1.8%
0.9%
0.9%
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
160,095

Oakland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
229.69% 5.51%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,758 / per month

Homeownership Rate

Owners
Renters
Vacant
40.2%
40.2%
59.8%
59.8%
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.6%
8.6%
21.7%
21.7%
32.3%
32.3%
37.5%
37.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.8%
41.8%
5.1%
5.1%
17.7%
17.7%
35.0%
35.0%
0.3%
0.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
8.0%
8.0%
23.3%
23.3%
33.3%
33.3%
24.4%
24.4%
8.6%
8.6%
2.5%
2.5%
0.0% 100.0%
% OF HOMES