Oakland, CA
Alameda County · Pop. 430,553
Ranked #234 of 243 cities
14Crisis
Median Home Price
🏠$880K
2.5% YoY
Median Rent
🔑$2,500
2.0% YoY
Median Income
💰$78K
Rent Burden
📊36.0%
% of income to rent
Income to Buy
🏦$253K
annual income needed
Income to Rent
📝$100K
annual income needed
Price-to-Income
⚖️11.3x
Homeownership
🏡40.0%
Rent vs. Buy
Buy
$4,684/mo
Est. mortgage (7%, 20% down)
Need $253K/yr income
Rent
$2,500/mo
Median rent
Need $100K/yr income
How Oakland Compares
| Metric | Oakland | California | National |
|---|---|---|---|
| Home Price | $880K | $726K | $410K |
| Rent | $2,500 | $1,992 | $1,500 |
| Income | $78K | $96K | $75K |
| Rent Burden | 36.0% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Oakland are 115% higher than the national average.
- • Rent is 67% higher than the national average.
- • You need an income of $253K to comfortably buy a home here.
- • The homeownership rate is 40.0%, compared to 65.0% nationally.