The housing market in Oakland, CA is significantly more expensive than the national median, with a median value of $819,500 compared to the US median of $338,100. Unfortunately, the 1 year house appreciation rate in Oakland has been negative at -2.03%, while it is 8.27% nationally. This could lead to decreased demand for housing and less affordability in the region.
The median home cost in Oakland is $819,500. Home appreciation the last 10 years has been 133.5%. Home Appreciation in Oakland is up 3.5%.
Average Age of Homes
- The median age of Oakland real estate is 66 years old
The Rental Market in Oakland
- Renters make up 54.8% of the Oakland population
- 2.4% of houses and apartments in Oakland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.