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.
|Apartment Size||Sep||vs Last Month|
|1 bed apartments||$511,250||-3.2%|
|2 bed apartments||$722,000||+3.4%|
|3 bed apartments||$621,999||-31.6%|
|4+ bed apartments||$778,654||-16.3%|
During Sep 2021, the average price for an apartment in/near Oakland, CA decreased by 11.7% to $690,896.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $511,250 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $722,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $621,999. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $778,654 for a big-family home.
|Listing Type||Sep||vs Last Month|
|Houses for sale||$726,242||-15%|
|Condos for sale||$674,777||+5.8%|
|Duplexes for sale||$588,000||-44%|
|Lofts for sale||$690,000||+15.4%|
|Townhouses for sale||$698,000||-9%|
|Apartments for sale||$529,000||-24.6%|
While assessing the property pricing Oakland, CA, you can note that it remains flat with a price tag of $529,000. According to statistics, average house is still $726,242 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $674,777. An average value of duplex is $588,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $690,000. Value of the townhouses didn’t change, the price still starts at $698,000.
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