94605, Oakland, CA

The 94605 zip code of Oakland, CA has a median home value of $269,000 and a median home equity value of $101,000. The average home size in this zip code is 2,848 square feet. Approximately 44% of homes in this zip code are owner-occupied while 56% are occupied by renters. The average commute time to work is 25 minutes. This zip code has a poverty rate of 27%.

There are many factors that contribute to the high home values in the 94605 zip code of Oakland, CA. One reason is that this area has a high population density which leads to increased demand for housing. Additionally, the area is located near many major businesses and universities which also contributes to increased demand for housing. Furthermore, the area has low unemployment rates which drives up prices for homes that are available on the market. Finally, there is a strong economy in this region which leads to an increase in household income and thus an increase in home equity values.