Affordability evidence
Oakland, CA home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Oakland, CA.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
The local figures answer the first question: In Oakland, CA, the 2024 ACS reports a median owner-occupied home value of $929,900, median household income of $101,600, and median selected monthly owner costs of $3,684 for owners with a mortgage. For borrower planning, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $3,684 measure combines recurring ownership expenses instead of real estate taxes alone. A useful affordability review starts with $929,900, $101,600, and $3,684, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Oakland, CA's $929,900 median home-value estimate is above the statewide $734,700 estimate, with a reported city-to-state gap of 26.6%. For borrower planning, that 26.6% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Oakland, CA.