Elmhurst, Oakland, CA—94603
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmhurst, Oakland, CA
As of Oct '25, the median home price in Elmhurst, Oakland, CA is $505,000, with a year-over-year change of -9.4%. This indicates that home prices in Elmhurst, Oakland, CA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $505,000 | -9.4% |
| Single Family | $504,000 | -9.7% |
| Condos | $518,000 | -6.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $355,000 | -12.8% |
2 Bed | $467,000 | -10.0% |
3 Bed | $536,000 | -9.0% |
4 Bed | $594,000 | -8.0% |
| 5 Bed | $660,000 | -7.9% |
% of Housing Stock
Rental Trends — Elmhurst, Oakland, CA
As of July '25, Rentcast reports the average rent in Elmhurst, Oakland, CA is $2,370, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Elmhurst, Oakland, CA is studios: $1,500, 1-bedrooms: $1,570, 2-bedrooms: $2,280, 3-bedrooms: $2,900, 4-bedrooms: $3,800. The most common rental property sizes in Elmhurst, Oakland, CA are 2-bedroom and 3-bedroom, accounting for 40.6% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,370 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,600 | $1,570 |
| 2 Bed Rent | $2,100 | $2,280 |
| 3 Bed Rent | $2,900 | $2,900 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Elmhurst, Oakland, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmhurst, Oakland, CA is 41. This is a increase of 20.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | -1.0% |
Listing Count | 71 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 41 | 20.0% |
Demographics — Elmhurst, Oakland, CA
As of the latest ACS Survey released in 2023, Elmhurst, Oakland, CA has a population of 36,400, which has increased by 5.3% over the past 5 years. Elmhurst, Oakland, CA is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | 5.3% |
% Under 18 | 25.8% | -8.2% |
% Seniors | 9.6% | 26.3% |
% WFH | 7.0% | 62.8% |
% w/ College Degree | 15.3% | 30.8% |
As of the latest ACS Survey released in 2023, Elmhurst, Oakland, CA is a predominantly hispanic area, with 62.9% of the population identifying as hispanic. The hispanic population has grown by 8.8% in the last 5 years. The second most common race or ethnicity in Elmhurst, Oakland, CA is black, making up 25.4% of the population. Foreign-born residents account for 36.9% of the population in Elmhurst, Oakland, CA, and this percentage has increased by 9.8% 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 | 4.2% | 5.0% |
% Black | 25.4% | -13.3% |
% Hispanic | 62.9% | 8.8% |
% Asian | 5.0% | -9.1% |
% Foreign Born | 36.9% | 9.8% |
Mortgage and Risk — Elmhurst, Oakland, CA
According to HUD data as of 2023, there were 260 mortgage originations in Elmhurst, Oakland, CA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Elmhurst, Oakland, CA. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 260 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Elmhurst, Oakland, CA
As of 2024, the percent of homes in Elmhurst, Oakland, CA under the Section 8 program is 21.1%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Elmhurst, Oakland, CA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,172 |
Total Units Section 8 | 1,122 |
% Rentals under Section 8 | 21.1% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,600 | $1,920 |
| 2 Bedroom | $240 | $2,100 | $2,340 |
| 3 Bedroom | $110 | $2,900 | $3,010 |
| 4 Bedroom | -$240 | $3,800 | $3,560 |
Affordability — Elmhurst, Oakland, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $505,000 |
| Median Household Income | $71,100 |