Real Estate Investing in Oakland, California (94612)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Alameda County • Population: 17,663 • Data updated: September 2026

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Should you buy in 94612 (Oakland, CA)? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (31/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
4 flags
  • High vacancy: 12.6% of homes vacant — above national norms.
  • Declining values: -7.3% 5-year CAGR — values have moved lower.
  • 1-year downturn: Values declined 9.2% in the last year.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Oakland, CA (94612)?

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3.0/ 5

Investability

Overall investment appeal

1.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $536,099
Avg Monthly Rent $2,956
1% Rule ✗ Does Not Meet
Median Income $76,953
% Renters 89.8%

Market Analysis: 94612 Oakland

This part of Alameda County is not an easy win. The 94612 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.

From an investor standpoint, the numbers look inviting — $536K purchase price, 0.0% nominal cap — the work to hit that pro forma in 94612 is substantial and deserves full respect.

Nearby ZIPs in Oakland have seen price recovery that 94612 has not matched. Alameda County data supports the view that the spread is structural rather than temporary.

The 94612 ZIP's population of 17,663 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.

Experienced landlords with local relationships tend to find 94612 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Oakland:

D Needs Caution
Buy Confidence Score: 39/100
Affordability
5/25
Appreciation
0/25
Stability
11/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 7× the median income
Value Trend
Declining (-9.2%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $2,956/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.
⚖️
BALANCED MARKET
San Francisco-Oakland-Berkeley, CA Metro Area
Even conditions for buyers and sellers
38 days
Average time to sell
Average
7.6%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from San Francisco-Oakland-Berkeley, CA metro data
🏠

Property Strategy for 94612

Which property type performs best in this market?

Best for Cash Flow
1BR
4.0% cap rate
Best for Appreciation
3BR
-4.0% 5yr CAGR
Best Overall Value
3BR
$256,768/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
1BR $452,849 $2,510 4.0% -7.9% $452,849
2BR $660,754 $3,060 3.3% -5.2% $330,377
3BR $770,303 $3,910 3.7% -4.0% $256,768

Market Trends

Home Value History (with trend line)

$876K$754K$633K$511K$389K$268KJun 2006Jul 2016Jul 2026

Rent History (with trend line)

$3,115$2,960$2,805$2,650$2,495$2,341Jan 2019Oct 2022Jul 2026

📊 How Does 94612 Compare?

Metric 94612 Oakland San Francisco-Oakland-Berkeley, CA California
Home Value $536,099 $734,424 N/A $761,003
5-Year CAGR N/A N/A N/A 5.7%
Avg Rent $2,956 $2,585 N/A -
Cap Rate 4.3% 2.9% - -
💡 Why Invest in 94612? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

90% of households rent in this area, creating consistent tenant demand for landlords.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 94612 (Oakland, CA). Anonymous, moderated, never written by AI.

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Property managers serving Alameda County

Manage rentals here? List your business →

Accountable Property Management offers residential, commercial, and HOA property management services in Hayward, CA and the Greater Bay Area Rental Market. summary from their website

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Advent Properties, Inc. offers comprehensive, responsive, and professional property management and real estate services in the Bay Area, East Bay, and Sacramento regions. summary from their website

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Community Association Management (CAM) provides management services for Common Interest Developments in the San Francisco Bay Area. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Investability
Good
Cap Rate
4.3%
Fair
5yr Growth
-7.3%
Declining

📊 Market Snapshot

Home Value $536,099
Monthly Rent $2,956
Price-to-Rent 15.1:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 6.6%
Cap Rate 4.3%
5-Year IRR N/A

📈 Home Appreciation

1-Year -9.2% ▼
3-Year CAGR -8.5% ▼
5-Year CAGR -7.3% ▼
10-Year CAGR -2.8% ▼

🏠 Rent Trends

1-Year +14.3% ▲
3-Year CAGR +3.7% ▲
5-Year CAGR +1.1% ▲
Negative Leverage — IRR / Tax Play Cap Rate: 4.3%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
12.6%
Moderate risk
Landlord Climate
1.0/5
Protective
Value Trend (5yr)
-7.3%
Declining
Eviction process: Very Slow Rent control: Unfavorable

Demographics in 94612

Population: 17,663

💰 Median Household Income
$76,953
This area
$76,953
State
$94,164
USA
$74,580
🏠 Renter Occupied
89.8%
This area
89.8%
State
39.3%
USA
34.0%
💼 Unemployment Rate
4.5%
This area
4.5%
State
-16.6%
USA
3.7%
🎓 College Educated
55.8%
This area
55.8%
State
7.7%
USA
33.7%
👤 Median Age
37.8 years
This area
37.8 years
State
9.6 years
USA
38.9 years
🏚️ Vacancy Rate
12.6%
This area
12.6%
State
15.3%
USA
10.5%
👥 Population by Ethnicity
White 34.2%
Black/African American 27.1%
Asian 25.4%
Other/Mixed 13.3%
Hispanic/Latino 7.3%
👶 Under 18
8.6%
This area
8.6%
USA
22.0%
👴 65 and Over
20.4%
This area
20.4%
USA
17.3%
📊 Poverty Rate
8.1%
This area
8.1%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 94612

B+ Avg School Grade
3 Schools
18.4:1 Avg Class Size
$18,258 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Westlake Middle

📚 06 – 08 Middle
👥
300 Students
👨‍🏫
13.3:1 Class Size
💰
$24,180 Per Student
B Good

Envision Academy for Arts & Technology

📚 06 – 12 High School Charter
👥
223 Students
👨‍🏫
18.6:1 Class Size
💰
$14,903 Per Student
C+ Average

Oakland School for the Arts

📚 06 – 12 High School Charter
👥
780 Students
👨‍🏫
23.4:1 Class Size
💰
$15,692 Per Student

Nearby Schools (5 more)

Schools in adjacent ZIP codes that may serve this area

A+ Excellent

MetWest High

📚 09 – 12 High School
📍 314 East Tenth St., Oakland
👥
237 Students
👨‍🏫
11.1:1 Class Size
💰
$24,180 Per Student
A+ Excellent

Kaiser Early Childhood Center

📚 Grade KG Elementary
📍 25 South Hill Ct., Oakland
👥
129 Students
👨‍🏫
5.9:1 Class Size
💰
$24,180 Per Student
A+ Excellent

West Oakland Middle

📚 06 – 08 Middle
📍 991 14th St., Oakland
👥
160 Students
👨‍🏫
10.3:1 Class Size
💰
$24,180 Per Student
A+ Excellent

McClymonds High

📚 09 – 12 High School
📍 2607 Myrtle St., Oakland
👥
265 Students
👨‍🏫
12.1:1 Class Size
💰
$24,180 Per Student
A Very Good

Claremont Middle

📚 06 – 08 Middle
📍 5750 College Ave., Oakland
👥
488 Students
👨‍🏫
15.3:1 Class Size
💰
$24,180 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

🎓 Nearby Colleges & Universities

8 Nearby 5,901 Off-Campus Students
D
Academy of Chinese Culture and Health Sciences
122 students · 0.2 mi
C+
Lincoln University
474 students · 0.3 mi
D
Starr King School for the Ministry
73 students · 0.4 mi
D
University of California-System Administration Central Office
0 students · 0.5 mi
D
Reach University
1,358 students · 0.6 mi
C
Laney College
10,211 students · 0.8 mi
C
Samuel Merritt University
1,894 students · 0.9 mi
D
Peralta Community College System Office
0 students · 1.1 mi

Investor Insight: With 5,901 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

Which investment style suits Oakland, CA?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Oakland, CA. The numbers - $536K homes against $2,956/mo rents - support that play.

How do home values compare in Oakland, CA?

Typical homes in Oakland, CA go for around $536K. The 5-year CAGR of 0.0% even-keeled price movement.

How quickly do rentals get leased in Oakland, CA?

Expect elevated vacancy in Oakland, CA. Rents at $2,956/mo are absorbed by the tenant base without meaningful lag.

Are eviction rules reasonable in Oakland, CA?

CA law tenant-protective for landlords, and Oakland inherits those rules. Investors should still review local ordinances for rental licensing.

What monthly rent should investors expect in Oakland, CA?

Investors in Oakland, CA typically see rents near $2,956/mo per month against $536K home values - a solid setup for rental cash flow.

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How 94612 ranks in San Francisco-Oakland-Berkeley, CA

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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