ZIP 94609 - 860Z200US94609 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94609, located in Oakland, California, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, robust household income, and significant housing costs, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions.

Population & Households

ZIP 94609 is home to a population of 24,854 residents as of 2023. This community supports 10,998 households, indicating a relatively dense living environment with an average of about 2.26 people per household. The total number of housing units in the area stands at 11,915, suggesting a slight surplus of units over households, which could point to some availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 94609 is $106,698, reflecting a strong earning capacity among residents. This figure suggests that the area attracts professionals and families with above-average financial stability, which could be a draw for businesses targeting higher-income demographics. However, housing costs are notably high, with a median house value of $1,147,900. For renters, the median monthly rent is $2,116, indicating a premium on living in this area. These costs align with the economic profile of the region but may pose barriers for first-time buyers or those on tighter budgets.

Race & Ethnicity

The racial and ethnic composition of ZIP 94609 highlights a diverse community. White residents make up 41.18% of the population, followed by Black residents at 24.94%, Hispanic or Latino residents at 13.66%, and Asian residents at 10.23%. This mix contributes to a culturally rich environment, which can be a significant asset for businesses and community initiatives seeking broad appeal. Understanding this diversity can help tailor services, marketing, and community engagement strategies to resonate with the local population.

Key Facts

• Total population: 24,854 residents in 2023.
• Total households: 10,998, with an average of 2.26 people per household.
• Total housing units: 11,915, indicating potential availability for new occupants.
• Median household income: $106,698, reflecting strong earning potential.
• Median house value: $1,147,900, a significant investment consideration.
• Median rent: $2,116 per month, indicative of high rental demand.
• Diverse population: 41.18% White, 24.94% Black, 13.66% Hispanic, 10.23% Asian.

What This Means for You

For homebuyers, ZIP 94609 offers a vibrant, diverse community but comes with a steep price tag. With median home values exceeding $1.1 million and rents over $2,000 monthly, you’ll need to budget carefully or explore financing options to make this area accessible. The slight surplus of housing units might offer some negotiation room, but competition could still be fierce given the desirable income levels of residents.

For investors and real estate agents, the high median income and housing values signal a market with strong demand and potential for appreciation. The diversity and population density also suggest opportunities for rental properties, though high entry costs mean you’ll need substantial capital or creative investment strategies to see returns.

For small-business owners, the above-average household income and diverse demographic profile create a promising customer base. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to a culturally varied and financially stable audience could drive success. However, high rental costs for commercial spaces may require careful financial planning.

For analysts, these metrics provide a foundation for deeper research into market trends, housing affordability, and community needs in ZIP 94609. The data suggests a stable, affluent area with growth potential, but cost barriers could limit accessibility for certain segments.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 94609? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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