Oakland First-Time Homebuyer Report for October

Oakland is a larger than average city in California that has grown at a 10-year growth rate of -2.5%. However, the population of Oakland ranks as the eighth-largest with 390,724 people. 94601, 94605, and 94606 are the three largest zip codes in terms of population. With a median age of 58 years, homes in Oakland tend to be older than most. Leading the list of top schools in the city are Lincoln Elementary School and American Indian Public Charter.

Price Range

Homes in Oakland are generally more expensive than others in the state with a median home value of $295,900 and an average list price of $551,774.

Curious as to which homes have been getting the most attention in Oakland? These listings have stirred up interest and produced the most views:

$129K   $1.5M   $599K  

Typical Dwelling

A three-bedroom detached home valued around $784,842 is considered a typical dwelling in Oakland. If a buyer was looking for a similar home, they would need good credit and a $156,968 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,730 and the property tax rate is $7.10 per $1,000 of taxable assessed value.

Get started right now by checking out Oakland homes for sale or reviewing Oakland real estate trends.

Data reported through 10/13/2016


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