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ZIP Code · CA

ZIP 94602

Part of Oakland, CA
Pop. 31,759·Alameda County·482nd most expensive ZIP in California
Median rent (all units)
$2,734/mo
Year-over-Year
+4.7%
Month-over-Month
+14.8%
vs US Median
+$772
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94602 · $2,734
More expensive than 85% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,770
1 BR
$1,990
2 BR
$2,420
3 BR
$3,090
4 BR+
$3,670
Research median
$2,420/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$32,808/yr
At $2,734/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.7% YoY, +14.8% MoM), not inventory.
Demographics

Who lives here

ZIP 94602 (Oakland, CA) is majority owner-occupied, has a median income above the national average, 59.1% of residents hold a bachelor's degree or higher.

Population
31,759
Median income
$122,263
Median age
41.9
Renters
39.8%
Age distribution
19.5%
19.5%
30.7%
18.7%
Under 1819.5%
18–3419.5%
35–5430.7%
55–6411.6%
65+18.7%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
41%
14.6%
19.7%
16.7%
White41%
Black14.6%
Hispanic19.7%
Asian16.7%
Other8.1%
Education (25+)
19.1%
59.1%
No HS diploma10%
HS diploma11.7%
Some college19.1%
Bachelor's+59.1%
Housing tenure
60.2%
39.8%
Owner60.2%
Renter39.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 94602 in Oakland, CA has changed in 5 years

Rent
$2,161 → $2,734
up 26.5%
Income
$115,087 → $122,263
up 6.2%
Population
31,451 → 31,759
up 1.0%
Renter share
41.2% → 39.8%
-1.4 pts
Bachelor's+
56% → 59.1%
+3.1 pts
Median age
42.6 → 41.9
-0.7 yrs

Rent in ZIP 94602 in Oakland, CA has climbed 26.5% since 2021, going from about $2,161 per month to roughly $2,734 today. Household income in the area moved from $115,087 to $122,263 across the same window, up 6.2% versus 2021. Rent outpaced income growth by roughly 20.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 31,451 to 31,759 between 2021 and 2024, a 1.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 56% to 59.1%. Reading these numbers side by side helps frame whether current listings in ZIP 94602 in Oakland, CA look reasonable against where the market sat half a decade ago.

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Local insights

Tips for renters in ZIP 94602

About renting in ZIP 94602

Last updated: August 17, 2026

ZIP code 94602 covers Oakland, CA. The median rent here is $2,734/mo as of August 2026. A 1-bedroom rents for a median of $1,990/mo. A 2-bedroom rents for a median of $2,420/mo.

At 27% of local median household income ($122,263/yr), ZIP 94602 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94602?

As of August 17, 2026, the median monthly rent in ZIP 94602 (Oakland, CA) is $2,734. This is based on aggregated data from public sources and community submissions.

How does ZIP 94602 rent compare to the US average?

ZIP 94602's median rent of $2,734/mo is $772 (39%) above the US national median of $1,962/mo.

How does ZIP 94602 compare to other ZIPs in California?

ZIP 94602 falls in the middle range for California, ranking #482 out of 897 ZIPs at $2,734/mo.

How much income do you need to rent in ZIP 94602?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (~$52/hour full-time) to afford the median rent of $2,734/mo in ZIP 94602. The local median household income is $122,263/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 94602?

Rent in ZIP 94602 has increased 4.7% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 94602 an affordable place to rent?

ZIP 94602 is considered affordable for renters. At $2,734/mo, rent takes approximately 27% of the local median household income ($122,263/yr). The standard benchmark is 30%. ZIP 94602 falls comfortably within that range.

What percentage of ZIP 94602 residents rent vs. own?

According to Census data, approximately 39.8% of ZIP 94602 households are renters, while 60.2% are owner-occupied. ZIP 94602 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 94602 compare to the rest of Oakland?

ZIP 94602 is pricier than Oakland as a whole. At $2,734/mo, it's $43 above the Oakland citywide median of $2,691/mo.

When was rent data for ZIP 94602 last updated?

Rent data for ZIP 94602 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,734/mo, rent takes ~27% of ZIP 94602's median household income ($122,263/yr). The standard benchmark is 30%.

ZIP 94602 27%Benchmark 30%
State income tax1–13.3%
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Public schools near ZIP 94602 (Oakland, CA)

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