ZIP Code 94602 — Oakland, California

The median home in 94602 is valued at $1,061,400 against a median household income of $126,412, a price-to-income ratio of 8.4. That is above the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, so buying here on a local median income requires substantial savings or a second income. Within Alameda County, 94602 ranks 28 of 47 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 17.1% of median household income (median rent $1,799 a month), under the 30% cost-burden threshold.

94602 ranks 289 of 1,558 statewide on median household income and 279 of 1,558 on median home value; its income is in line with the $125,410 Alameda County median. 60% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 59% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 7.4%, below the 10.8% statewide ZIP median. Unemployment stands at 7.4%.

With 8,640 residents per square mile across 3.6 square miles of land, 94602 is far denser than the statewide ZIP median of 1,120 (rank 215 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.