Dimond, Oakland, CA—94602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dimond, Oakland, CA
As of Oct '25, the median home price in Dimond, Oakland, CA is $943,000, with a year-over-year change of -8.8%. This indicates that home prices in Dimond, Oakland, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $943,000 | -8.8% |
| Single Family | $968,000 | -7.8% |
| Condos | $447,000 | -11.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $489,000 | -10.4% |
2 Bed | $765,000 | -9.1% |
3 Bed | $1,059,000 | -7.3% |
4 Bed | $1,283,000 | -5.5% |
| 5 Bed | $1,328,000 | -6.1% |
% of Housing Stock
Rental Trends — Dimond, Oakland, CA
As of July '25, Rentcast reports the average rent in Dimond, Oakland, CA is $2,560, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Dimond, Oakland, CA is studios: $1,590, 1-bedrooms: $1,820, 2-bedrooms: $2,570, 3-bedrooms: $3,660, 4-bedrooms: $5,240. The most common rental property sizes in Dimond, Oakland, CA are 2-bedroom and 1-bedroom, accounting for 37.1% and 28.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,560 |
| Studio Rent | $1,400 | $1,590 |
| 1 Bed Rent | $1,800 | $1,820 |
| 2 Bed Rent | $2,200 | $2,570 |
| 3 Bed Rent | $3,200 | $3,660 |
| 4 Bed Rent | $6,000 | $5,240 |
% of Rental Stock
Property Listings — Dimond, Oakland, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Dimond, Oakland, CA is 27. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $844,000 | -10.0% |
Listing Count | 67 | -21.0% |
| Listings as % of Homes | 0.2% | -21.0% |
Days on Market | 27 | 24.0% |
Demographics — Dimond, Oakland, CA
As of the latest ACS Survey released in 2023, Dimond, Oakland, CA has a population of 31,400, which has increased by 5.1% over the past 5 years. Dimond, Oakland, CA is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 58.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 5.1% |
% Under 18 | 18.8% | -4.6% |
% Seniors | 17.8% | 7.2% |
% WFH | 28.2% | 235.7% |
% w/ College Degree | 58.0% | 11.1% |
As of the latest ACS Survey released in 2023, Dimond, Oakland, CA is a predominantly white area, with 40.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Dimond, Oakland, CA is hispanic, making up 19.9% of the population. Foreign-born residents account for 23.7% of the population in Dimond, Oakland, CA, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.5% | -0.7% |
% Black | 15.8% | 7.5% |
% Hispanic | 19.9% | 17.8% |
% Asian | 16.3% | -20.5% |
% Foreign Born | 23.7% | 2.6% |
Mortgage and Risk — Dimond, Oakland, CA
According to HUD data as of 2023, there were 354 mortgage originations in Dimond, Oakland, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Dimond, Oakland, CA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 354 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dimond, Oakland, CA
As of 2024, the percent of homes in Dimond, Oakland, CA under the Section 8 program is 14.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Dimond, Oakland, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 783 |
Total Units Section 8 | 736 |
% Rentals under Section 8 | 14.9% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,800 | $1,920 |
| 2 Bedroom | $140 | $2,200 | $2,340 |
| 3 Bedroom | -$190 | $3,200 | $3,010 |
| 4 Bedroom | -$2,440 | $6,000 | $3,560 |
Affordability — Dimond, Oakland, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.8 |
| Median Home Price | $943,000 |
| Median Household Income | $125,000 |