94621, Oakland, CA

The home equity and home prices in the 94621 zip code of Oakland, CA are very high. The median home value in this zip code is $539,000, which is more than double the national median home value of $217,500. The percentage of homes in this zip code that are worth more than $1 million is also very high, at almost 30%. This high level of home equity and prices can be attributed to a number of factors, including the strong economy and low interest rates.

Another factor that has contributed to the high levels of home equity and prices in the 94621 zip code of Oakland, CA is the prevalence of wealthy residents. Almost half (47%) of households in this zip code have incomes above $100,000 per year, which is significantly higher than the national average rate of 28%. This concentration of wealth has led to a large demand for housing in this area, which has driven up prices accordingly.