ZIP 94608 - 860Z200US94608 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94608, located in the vibrant Emeryville and Oakland area of California, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of ZIP 94608.

Population & Households

ZIP 94608 is home to a population of 33,998 residents as of 2023, making it a moderately sized urban community. This area supports 16,211 households, reflecting a mix of family and individual living arrangements. With 17,956 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. The balance between population and housing suggests a stable yet competitive market for those entering the region.

Income & Housing Costs

Financially, ZIP 94608 stands out with a median household income of $116,306, indicating a relatively affluent community compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. However, housing costs reflect the high demand in this area. The median house value is $826,900, positioning ZIP 94608 as a premium real estate market. For renters, the median rent is $2,561 per month, which aligns with the elevated cost of living. These figures suggest that while the area offers economic opportunity, it also requires significant financial readiness for prospective residents or investors.

Race & Ethnicity

The cultural fabric of ZIP 94608 is diverse, fostering a dynamic and inclusive community. The racial composition in 2023 shows that 38.93% of residents identify as White, 22.78% as Black, 16.31% as Asian, and 12.82% as Hispanic. This mix of backgrounds contributes to a rich social environment, which can be appealing for families seeking varied cultural experiences or businesses aiming to serve a broad customer base. Understanding this diversity can help tailor real estate strategies or business offerings to resonate with the community’s unique makeup.

Key Facts

• Total population in ZIP 94608: 33,998 residents.
• Total households: 16,211, supporting a mix of living arrangements.
• Total housing units: 17,956, indicating potential availability for new residents.
• Median household income: $116,306, reflecting strong earning potential.
• Median house value: $826,900, signaling a high-end real estate market.
• Median rent: $2,561, consistent with the area’s elevated cost of living.
• Racial diversity: White (38.93%), Black (22.78%), Asian (16.31%), Hispanic (12.82%).

What This Means for You

For homebuyers, ZIP 94608 offers a diverse and economically strong community, but the high median house value of $826,900 and rent of $2,561 mean you’ll need to budget accordingly. The slight surplus of housing units could provide some negotiation room, though competition remains likely in this desirable area. Real estate investors and agents will find a lucrative market with high property values and rental rates, ideal for long-term appreciation or rental income, especially given the area’s above-average household income. Small-business owners can leverage the diverse population and solid median income to target a wide range of customers, particularly in sectors like retail, dining, or services that cater to varied cultural preferences. Analysts can use these metrics to benchmark ZIP 94608 against neighboring areas, identifying trends in housing demand or economic growth. Across all groups, the data points to a community with opportunity, provided you’re prepared for the associated costs.

Run This Study Yourself

• Curious about diving deeper into ZIP 94608 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date stats on population, income, housing, and more, tailored to your specific needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.