ZIP 94602 - 860Z200US94602 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94602, located in the vibrant Oakland area of California, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 31,000 and a median household income exceeding $124,000, this ZIP code reflects a dynamic and affluent area with diverse residents and significant real estate value. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in understanding the potential of 94602.

Population & Households

ZIP 94602 is home to 31,450 residents, making it a moderately sized community within the Oakland region. These individuals are distributed across 12,287 households, indicating an average household size of roughly 2.5 people. The total number of housing units stands at 13,072, suggesting a small surplus of available properties or vacancies, which could be of interest to investors or buyers looking for opportunities in this area. This balance of population and housing provides a stable foundation for both residential and commercial growth.

Income & Housing Costs

Financially, ZIP 94602 stands out with a median household income of $124,744, well above the national average. This figure points to a community with strong earning potential, which could translate into robust local spending power for businesses. On the housing front, the median home value is an impressive $1,111,800, reflecting the high demand and premium real estate market in this part of Oakland. For renters, the median monthly rent is $1,924, which aligns with the area’s elevated cost of living but also suggests opportunities for landlords to cater to a well-compensated tenant base.

Race & Ethnicity

The cultural fabric of ZIP 94602 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial composition includes 40.53% White, 15.22% Black, 16.13% Asian, and 19.89% Hispanic residents. This mix fosters a multicultural environment that can appeal to a wide range of people looking to settle or invest in an inclusive area. For businesses, this diversity can mean a varied customer base with unique needs and preferences, ripe for tailored products or services.

Key Facts

• Total population in ZIP 94602: 31,450 residents as of 2023.
• Total households: 12,287, with an average size of about 2.5 people.
• Total housing units: 13,072, indicating some availability or vacancy.
• Median household income: $124,744, signaling strong local earning power.
• Median home value: $1,111,800, reflecting a premium real estate market.
• Median rent: $1,924 per month, appealing to higher-income renters.
• Diverse community: 40.53% White, 19.89% Hispanic, 16.13% Asian, 15.22% Black.

What This Means for You

For homebuyers, ZIP 94602 offers a chance to join a prosperous and diverse community, though the high median home value of over $1.1 million means you’ll need substantial financial readiness or a strategic approach to financing. The area’s strong income levels suggest a stable neighborhood with long-term value appreciation potential. Investors and real estate agents can capitalize on the slight surplus of housing units (13,072 vs. 12,287 households) to identify rental or flip opportunities, especially given the high median rent of $1,924, which indicates solid returns. Small-business owners will find a wealthy and varied customer base here, with median household incomes over $124,000 and a multicultural population that could support niche markets or inclusive offerings. Analysts can use these metrics to benchmark 94602 against other ZIP codes for deeper market studies or trend analysis.

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