According to statistics, the population in Oakland, CA amounts to 429,114, which shows decline 1% compared to the previous year. The median age of the city’s residents is 37. The average household income is $76,469, shifting growth 8% from the past year, and the average property value in Oakland, CA growth 5% to $717,700 throughout the year.
|Number Of Employees||235,825|
|Median Property Value||$717,700|
The average household income in Oakland, CA grew from $70,577 to $76,469 in the past year. This data is an estimate based upon 165,590 households in Oakland, CA . The chart below presents how household income is distributed in Oakland, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Oakland, CA shifted from $686,700 to $717,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Oakland, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Oakland, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Oakland, CA compared to median property taxes around the country. The prevalent amount of property taxes in Oakland, CA equals $3000, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Oakland, CA decreased by 1.8% to $946,645.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 1.9% to $535,089. Asking price for 2-bed apartment also increased by 4.4% and a place of this size will now cost you $703,011. A 3-bed apartment goes for $967,505, it decreased by 1.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.3% and made it down to $1,313,212.
Price reports demonstrate that house price decreased by 5.7% this month making it up to $1,016,910. Condos are really in demand in this season. The median price for a condo increased by 10.4%, it’s now available for $710,323. You can now purchase a duplex for just $1,116,125, duplex price increased by 1.8% this month. The price dynamics of lofts changed, it increased by 18.7%, the price tag now starts at $1,107,286. The property value of townhouses increased by 7%, you’ll have to spend around $810,750 to get one.