ZIP 94607 - 860Z200US94607 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94607, located in the heart of Oakland, California, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture 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 can help you make informed decisions about living, working, or investing in 94607.

Population & Households

ZIP 94607 is home to a vibrant community of 27,891 residents. This population is spread across 12,697 households, indicating a mix of family and individual living arrangements. With 14,362 total housing units in the area, there’s a noticeable gap between available units and occupied households, suggesting potential opportunities for housing development or rental investments. This balance of population density and housing availability makes 94607 an area worth exploring for those looking to settle or invest in a bustling urban environment.

Income & Housing Costs

The median household income in ZIP 94607 stands at $87,937, reflecting a solid economic base for many residents. This income level supports a diverse range of lifestyles and spending capacities, which can be attractive to businesses targeting middle- to upper-middle-income consumers. On the housing front, the median home value is $744,600, indicating a competitive real estate market that may appeal to investors seeking long-term appreciation. For renters, the median rent is $1,875 per month, which aligns with the area’s urban setting and proximity to economic hubs. These figures highlight both the opportunities and challenges of entering the housing market in 94607.

Race & Ethnicity

ZIP 94607 boasts a rich cultural tapestry, with a diverse population that reflects a blend of backgrounds. The racial composition includes 24.75% White, 29.31% Black, 24.58% Asian, and 13.25% Hispanic residents, among others. This diversity fosters a vibrant community atmosphere, offering unique cultural experiences, food, and events. For businesses, this mix presents an opportunity to cater to a wide array of preferences and needs, while homebuyers may appreciate the inclusive and dynamic social environment that defines life in 94607.

Key Facts

• Total population: 27,891 residents, creating a lively urban community.
• Total households: 12,697, showing a mix of family and solo living.
• Total housing units: 14,362, with some vacancy for potential growth.
• Median household income: $87,937, supporting a stable economic base.
• Median home value: $744,600, reflecting a strong real estate market.
• Median rent: $1,875, indicative of urban rental demand.
• Diverse demographics: Black (29.31%), White (24.75%), Asian (24.58%), Hispanic (13.25%).

What This Means for You

For homebuyers, ZIP 94607 offers a chance to join a diverse, urban community with a median home value of $744,600. While the price point is significant, the area’s cultural richness and proximity to Oakland’s amenities could make it a worthwhile investment for long-term growth. Real estate investors and agents will find potential in the gap between housing units and occupied households, suggesting room for rental properties or redevelopment projects. The strong median income of $87,937 also indicates a market capable of supporting higher-end rentals or sales. Small-business owners can leverage the diverse population and solid income levels to target a broad customer base, whether opening a culturally inspired eatery, retail shop, or service-based business. Finally, analysts can use these metrics to assess market trends, housing demand, and economic stability in 94607, providing valuable insights for clients or research.

Run This Study Yourself

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