West Oakland, Oakland, CA—94607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Oakland, Oakland, CA
As of Oct '25, the median home price in West Oakland, Oakland, CA is $536,000, with a year-over-year change of -12.2%. This indicates that home prices in West Oakland, 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 | $536,000 | -12.2% |
| Single Family | $647,000 | -11.5% |
| Condos | $448,000 | -13.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $384,000 | -12.7% |
2 Bed | $546,000 | -12.6% |
3 Bed | $673,000 | -11.2% |
4 Bed | $708,000 | -12.7% |
| 5 Bed | $781,000 | -11.8% |
% of Housing Stock
Rental Trends — West Oakland, Oakland, CA
As of July '25, Rentcast reports the average rent in West Oakland, Oakland, CA is $2,010, with a year-over-year rent change of -26.1%. Per bedroom, the median rent as of July '25 in West Oakland, Oakland, CA is studios: $1,440, 1-bedrooms: $2,060, 2-bedrooms: $2,750, 3-bedrooms: $2,920, 4-bedrooms: $3,520. The most common rental property sizes in West Oakland, Oakland, CA are 2-bedroom and 1-bedroom, accounting for 35.5% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,010 |
| Studio Rent | $1,400 | $1,440 |
| 1 Bed Rent | $1,940 | $2,060 |
| 2 Bed Rent | $2,650 | $2,750 |
| 3 Bed Rent | $2,730 | $2,920 |
| 4 Bed Rent | $3,200 | $3,520 |
% of Rental Stock
Property Listings — West Oakland, Oakland, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in West Oakland, Oakland, CA is 58. This is a increase of 6.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | -14.0% |
Listing Count | 109 | 1.0% |
| Listings as % of Homes | 0.3% | 1.0% |
Days on Market | 58 | 6.0% |
Demographics — West Oakland, Oakland, CA
As of the latest ACS Survey released in 2023, West Oakland, Oakland, CA has a population of 27,900, which has increased by 6.2% over the past 5 years. West Oakland, Oakland, CA is a less popular place for families, as children make up 14.7% of the population. The area has a highly educated workforce, with 47.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 6.2% |
% Under 18 | 14.7% | -7.5% |
% Seniors | 12.9% | -9.8% |
% WFH | 22.7% | 243.9% |
% w/ College Degree | 47.4% | 14.8% |
As of the latest ACS Survey released in 2023, West Oakland, Oakland, CA is a predominantly black area, with 30.6% of the population identifying as black. The black population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in West Oakland, Oakland, CA is white, making up 24.8% of the population. Foreign-born residents account for 28.0% of the population in West Oakland, Oakland, CA, and this percentage has decreased by 7.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.8% | 11.7% |
% Black | 30.6% | -4.7% |
% Hispanic | 13.3% | -5.0% |
% Asian | 24.6% | -8.2% |
% Foreign Born | 28.0% | -7.6% |
Mortgage and Risk — West Oakland, Oakland, CA
According to HUD data as of 2023, there were 194 mortgage originations in West Oakland, Oakland, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in West Oakland, Oakland, CA. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — West Oakland, Oakland, CA
As of 2024, the percent of homes in West Oakland, Oakland, CA under the Section 8 program is 25.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in West Oakland, Oakland, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,957 |
Total Units Section 8 | 2,286 |
% Rentals under Section 8 | 25.8% |
% Occupied Section 8 | 88.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,940 | $1,920 |
| 2 Bedroom | -$310 | $2,650 | $2,340 |
| 3 Bedroom | $280 | $2,730 | $3,010 |
| 4 Bedroom | $360 | $3,200 | $3,560 |
Affordability — West Oakland, Oakland, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $536,000 |
| Median Household Income | $87,900 |