ZIP Code 94609 — Oakland, California

The median home in 94609 is valued at $1,097,200 against a median household income of $107,242, a price-to-income ratio of 10.2. That is far 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, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Alameda County, 94609 ranks 39 of 47 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 23.7% of median household income (median rent $2,117 a month), under the 30% cost-burden threshold.

94609 ranks 485 of 1,558 statewide on median household income and 252 of 1,558 on median home value; its income is below the $125,410 Alameda County median. 33% of households own their home, below the 64% statewide ZIP median, so most residents rent. 62% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 10.1%, below the 10.8% statewide ZIP median. Unemployment stands at 5.5%.

With 14,809 residents per square mile across 1.7 square miles of land, 94609 is far denser than the statewide ZIP median of 1,120 (rank 75 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.