ZIP 94606
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 94606 usually run 0.6% below trend in December and 0.8% above it in June, about $36 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 94606 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 94606 changed +4.9% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 94606 rose -3.1% while median household income rose 29.1% ($56,129 to $72,470). Income kept ahead of rent.
Rent in ZIP 94606 is 3.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($72,470) is $1,812 a month. That covers HUD's Fair Market Rent for up to a studio ($1,750); a 1-bedroom is $1,990.
4th cheapest of 12 ZIP codes in Oakland.
ZIP 94601, 2 miles away, rents for 13% less ($2,216/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94606. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 94606 (Oakland, CA) is majority renter-occupied, 38% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94606 in Oakland, CA has changed in 5 years
The median rent in ZIP 94606 in Oakland, CA stood at $2,278 in 2021 and currently runs about $2,543, reflecting a 11.6% 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. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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.
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Tips for renters in ZIP 94606
Last updated: October 17, 2026
ZIP code 94606 covers Oakland, CA. The median rent here is $2,543/mo as of October 2026. A 1-bedroom rents for a median of $1,990/mo. A 2-bedroom rents for a median of $2,420/mo.
At 42% of local median household income ($72,470/yr), ZIP 94606 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.
Frequently asked questions
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How does ZIP 94606 compare to the rest of Oakland?
At $2,543/mo, rent takes ~42% of ZIP 94606's median household income ($72,470/yr). The standard benchmark is 30%.
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