Real Estate Investing in Albany, California (94706)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 94706 (Albany, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (0.7% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 37.9 — hard to cash-flow at these prices.
What’s happening in Albany, CA (94706)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 94706 Albany
Investors eyeing 94706 need to respect the fundamentals at play. Home values of $1.3M come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 94706 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 94706 and stronger Albany ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 94706 includes headwinds that any investor should price in. Income distribution skews lower than Albany averages, and tenant stability requires active management.
The 94706 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Albany:
Property Strategy for 94706
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $451,223 | $2,500 | 4.0% | -3.4% | $451,223 |
| 2BR | $979,717 | $3,050 | 2.2% | +2.1% | $489,859 |
| 3BR | $1,387,288 | $3,900 | 2.0% | +2.6% | $462,429 |
| 4BR | $1,648,156 | $4,620 | 2.0% | +3.3% | $412,039 |
| 5BR | $1,769,038 | — | — | +3.4% | $353,808 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 94706 Compare?
| Metric | 94706 | Albany | San Francisco-Oakland-Berkeley, CA | California |
|---|---|---|---|---|
| Home Value | $1,254,426 | $1,254,426 | N/A | $761,003 |
| 5-Year CAGR | 0.7% | 0.7% | N/A | 5.7% |
| Avg Rent | $2,762 | $2,762 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 94706 (Albany, 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
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
Community Association Management (CAM) provides management services for Common Interest Developments in the San Francisco Bay Area. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,254,426 |
| Monthly Rent | $2,762 |
| Price-to-Rent | 37.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 2.5% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +0.7% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). 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.
Demographics in 94706
Population: 20,486
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 94706
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Longfellow Arts and Technology Middle
Berkeley Arts Magnet at Whittier
Malcolm X Elementary
Rosa Parks Environmental Science
Ruth Acty Elementary
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
Investor Insight: With 4,636 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Albany, CA?
Expect median prices around $1.3M in Albany, CA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How strong is the working-renter base in Albany, CA?
Tenant demand in Albany, CA is solid. The local workforce $2,762/mo rents across most rental classes.
What kind of market is Albany, CA for investors?
Investors tracking Albany, CA will find a 2.0/5 rating supported by $1.3M median home values and $2,762/mo rents. That profile suits long-term holders targeting reliable returns.
Is Albany, CA a good market for FHA house hackers?
Albany, CA is a a tougher market for house hackers. FHA or conventional owner-occupant buyers find the $1.3M price point reasonable to enter.
Are there empty rentals in Albany, CA?
Albany, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.
You know 94706 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 94706 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 94706 ranks in San Francisco-Oakland-Berkeley, CA
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Community Ratings
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