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ZIP Code · CA

ZIP 94606

Part of Oakland, CA
Pop. 39,966·Alameda County·662nd most expensive ZIP in California
Median rent (all units)
$2,412/mo
Year-over-Year
+3.4%
Month-over-Month
-1.1%
vs US Median
+$447
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 94606 · $2,412
More expensive than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,750
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: July 20, 2026

Annual cost
$28,944/yr
At $2,412/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+3.4% YoY, -1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 94606 (Oakland, CA) is majority renter-occupied, 38% of residents hold a bachelor's degree or higher.

Population
39,966
Median income
$72,470
Median age
37.9
Renters
79.8%
Age distribution
16.2%
28.1%
29.4%
12.5%
13.8%
Under 1816.2%
18–3428.1%
35–5429.4%
55–6412.5%
65+13.8%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
19.5%
18%
23.8%
33.7%
White19.5%
Black18%
Hispanic23.8%
Asian33.7%
Other5%
Education (25+)
21.3%
17.3%
23.3%
38%
No HS diploma21.3%
HS diploma17.3%
Some college23.3%
Bachelor's+38%
Housing tenure
20.2%
79.8%
Owner20.2%
Renter79.8%

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

2021 vs 2026

How ZIP 94606 in Oakland, CA has changed in 5 years

Rent
$2,276 → $2,412
up 6.0%
Income
$67,197 → $72,470
up 7.8%
Population
38,595 → 39,966
up 3.6%
Renter share
81.8% → 79.8%
-2.0 pts
Bachelor's+
40.3% → 38%
-2.3 pts

The median rent in ZIP 94606 in Oakland, CA stood at $2,276 in 2021 and currently runs about $2,412, reflecting a 6.0% increase over the period. Household income in the area moved from $67,197 to $72,470 across the same window, up 7.8% versus 2021. The population has grown by 3.6% since 2021, moving from about 38,595 residents to roughly 39,966. Renters now make up 79.8% of households, compared with 81.8% five years ago. College-educated residents now make up 38% of adults here, versus 40.3% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 94606 in Oakland, CA look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 94606

About renting in ZIP 94606

Last updated: July 20, 2026

ZIP code 94606 covers Oakland, CA. The median rent here is $2,412/mo as of July 2026. A 1-bedroom rents for a median of $1,990/mo. A 2-bedroom rents for a median of $2,420/mo.

At 40% of local median household income ($72,470/yr), ZIP 94606 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94606?

As of July 20, 2026, the median monthly rent in ZIP 94606 (Oakland, CA) is $2,412. This is based on aggregated data from public sources and community submissions.

How does ZIP 94606 rent compare to the US average?

ZIP 94606's median rent of $2,412/mo is $447 (23%) above the US national median of $1,965/mo.

How does ZIP 94606 compare to other ZIPs in California?

ZIP 94606 is among the more affordable ZIP codes in California, ranking #662 out of 907 ZIPs at $2,412/mo.

How much income do you need to rent in ZIP 94606?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,412/mo in ZIP 94606. The local median household income is $72,470/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 94606?

Rent in ZIP 94606 has increased 3.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 94606 an affordable place to rent?

ZIP 94606 is considered moderate for renters. At $2,412/mo, rent takes approximately 40% of the local median household income ($72,470/yr). The standard benchmark is 30%. ZIP 94606 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 94606 residents rent vs. own?

According to Census data, approximately 79.8% of ZIP 94606 households are renters, while 20.2% are owner-occupied. With a majority renter population, ZIP 94606 has a strong rental market.

How does ZIP 94606 compare to the rest of Oakland?

ZIP 94606 is more affordable than Oakland overall. At $2,412/mo, it's $202 below the Oakland citywide median of $2,614/mo.

When was rent data for ZIP 94606 last updated?

Rent data for ZIP 94606 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
40%
MODERATE

At $2,412/mo, rent takes ~40% of ZIP 94606's median household income ($72,470/yr). The standard benchmark is 30%.

ZIP 94606 40%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 94606 (Oakland, CA)

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