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These days, finding an affordable place to live in the Oakland area can be challenging. Home prices in Oakland are now at a median cost of $891,096, higher than the California average of $812,006.
The average cost of rent is $2,124/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 57.94% of households rent, and 32.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $9,184 per month. Households that rent pay about 23.13% of their income on rent here. Oakland’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Piedmont, CA: higher priced homes
- Alameda, CA: higher priced homes
- Canyon, CA: higher priced homes
- Emeryville, CA: equally priced homes
- Berkeley, CA: higher priced homes
- Moraga, CA: higher priced homes
- Orinda, CA: higher priced homes
- Orinda Village, CA: higher priced homes
- San Leandro, CA: equally priced homes
- Albany, CA: higher priced homes
Cities with Similar Populations
- Newark, DE: less expensive homes
- Norcross, GA: less expensive homes
- Noblesville, IN: less expensive homes
- Newport News, VA: less expensive homes
- Northridge, CA: higher priced homes
- Newnan, GA: less expensive homes
- Norwalk, CA: less expensive homes
- Norwalk, CT: less expensive homes
- New York, NY: less expensive homes
- Newark, NJ: less expensive homes
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