ZIP 94606 - 860Z200US94606 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94606, located in the heart of Oakland, California, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing costs, and cultural diversity in this dynamic urban area. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 94606.

Population & Households

ZIP 94606 is home to a vibrant community of 38,746 residents. This sizable population supports a diverse and active local economy, making it an attractive spot for businesses and investors. The area comprises 15,883 households, reflecting a mix of family units, singles, and shared living arrangements. With 17,457 total housing units, there’s a notable density in this urban zone, which points to a competitive housing market and a variety of living options ranging from apartments to single-family homes.

Income & Housing Costs

The median household income in ZIP 94606 stands at $70,769, indicating a moderate earning capacity that supports a range of lifestyles. For homebuyers and investors, the median house value is $747,600, reflecting the high demand and limited supply typical of Oakland’s real estate market. Renters, on the other hand, face a median rent of $1,775 per month, which suggests that affordability could be a concern for some, but also highlights the area’s appeal and proximity to urban amenities. These figures underscore the importance of careful financial planning for anyone looking to settle or invest in 94606.

Race & Ethnicity

ZIP 94606 boasts a rich cultural tapestry, with a diverse population that enhances the community’s vibrancy. The racial and ethnic composition includes 32.4% Asian, 24.78% Hispanic, 19.71% White, and 15.95% Black residents, among others. This diversity fosters a multicultural environment, offering unique opportunities for businesses to cater to varied tastes and for residents to engage in a wide array of cultural experiences. For investors and business owners, this mix can translate into a broad customer base and a dynamic local market.

Key Facts

• Total population: 38,746 residents, indicating a robust community.
• Total households: 15,883, showing a mix of living arrangements.
• Total housing units: 17,457, pointing to a dense urban housing stock.
• Median household income: $70,769, reflecting moderate earning power.
• Median house value: $747,600, highlighting a competitive real estate market.
• Median rent: $1,775, suggesting rental affordability challenges.
• Diverse demographics: 32.4% Asian, 24.78% Hispanic, 19.71% White, 15.95% Black.

What This Means for You

For homebuyers, ZIP 94606 offers a vibrant, diverse community but comes with a steep price tag—median home values at $747,600 mean you’ll need a solid budget or financing plan. The high median rent of $1,775 also suggests that buying might be a better long-term investment if you can afford the entry cost. Real estate investors and agents should note the competitive market and limited housing stock (17,457 units for 38,746 people), which could drive future appreciation but also means acting quickly on opportunities. Small-business owners will find a diverse customer base of nearly 39,000 residents, ideal for niche markets or culturally specific offerings, though high rents may impact operating costs. Analysts can use these metrics to benchmark 94606 against neighboring ZIP codes for deeper market studies.

Run This Study Yourself

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