The story of this market
The typical home in ZIP 94602 sells for about $1,000,000, or $627 per square foot.
Prices are down 11.8% from a year ago, which gives buyers more room to negotiate. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,996 a month.
ZIP 94602
The 94602 housing market is currently experiencing a cooling phase, with median prices showing a year-over-year decline as inventory levels stabilize. High interest rates and affordability constraints are tempering buyer demand, leading to longer marketing times compared to previous peak periods. Despite these headwinds, the area remains competitive due to its desirable location and limited housing supply.
This ZIP code is ideal for family buyers and professionals seeking a balance between suburban-style residential living and proximity to urban amenities. It attracts those who value access to regional parks and a strong sense of community over high-density urban living.
Median prices moved down 11.8% year over year.
Homes spend a median of 18 days on market with 14.5 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.1% · poverty 8.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 94602, Alameda County CA
Crime trends in the 94602 area are generally consistent with broader Oakland patterns, which experience higher property crime rates compared to national averages. Residents often utilize neighborhood watch programs to mitigate local safety concerns.
Schools serving the 94602 area are part of the Oakland Unified School District, which features a mix of public schools with varying performance ratings. Many families in this ZIP code seek out local charter or private school alternatives to supplement public options.
The area faces moderate wildfire risk due to its location in the Oakland hills, necessitating adherence to vegetation management ordinances. Flood risk is generally low, though localized drainage issues can occur during heavy winter rains.
Economic momentum is driven by proximity to the Oakland and San Francisco employment hubs, with significant ongoing investment in local retail and residential infill projects. Major regional employers include healthcare systems, tech firms, and public sector institutions.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents typically commute via I-580 or AC Transit bus lines to reach employment centers in Downtown Oakland and San Francisco. The area is well-connected to the regional transit network, though peak-hour traffic on major corridors remains heavy.
The ZIP code features extensive access to regional parks such as Joaquin Miller Park and Dimond Canyon Park, offering numerous hiking and biking trails. Local shopping and dining are concentrated in the nearby Dimond and Laurel districts.
The rental market in 94602 is characterized by high demand for single-family home rentals and accessory dwelling units. Vacancy rates remain low due to the area's desirability and limited new construction inventory.
The local economy is anchored by the broader East Bay employment market, with significant contributions from healthcare, education, and professional services. Proximity to the Port of Oakland and regional tech hubs provides a diverse economic base.
The area is served by major highway corridors including I-580 and Highway 13, facilitating regional travel. Public transit options include AC Transit bus routes connecting to BART stations.
Development activity is primarily focused on residential infill and the modernization of existing commercial corridors. No major large-scale master-planned communities are currently under construction within the ZIP.
The Alameda County Assessor's Office manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 guidelines.
Parcels in this ZIP are subject to various special districts, including those for school bonds, library services, and regional flood control.
Property insurance premiums in the Oakland hills are influenced by wildfire risk assessments, with many carriers requiring specific fire-mitigation measures.
Data retrieved from data.census.gov ZCTA 94602 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags Hurricane Harbor Concord3.714.9 mi
- Children's Fairyland4.52.5 mi
- Urban Air Trampoline and Adventure Park4.415.2 mi
- Dave & Buster's Daly City4.116.7 mi
- Round1 Bowling & Arcade - San Francisco3.515.3 mi
- Chase Center4.79.8 mi
- Oracle Park4.79.7 mi
- Palace of Fine Arts4.812.8 mi
- Moscone Center4.510.2 mi
- Exploratorium4.710 mi
- PIER 394.610.7 mi
- Oracle Park4.79.7 mi
- The Painted Ladies4.412.1 mi
- Fisherman's Wharf4.611 mi
- Chinatown San Francisco4.310.6 mi
- PIER 394.610.7 mi
- Ferry Building4.69.8 mi
- Golden Gate Bridge4.814.5 mi
- The Painted Ladies4.412.1 mi
- California Academy of Sciences4.613.9 mi
- Mission Dolores Park4.711.9 mi
- Oakland Zoo4.65.2 mi
- Union Square4.410.6 mi
- Salesforce Park4.810 mi
- Civic Center Plaza4.411.2 mi
- Jack London Square4.53.5 mi
- Encinal Yacht Club4.73 mi
- Emery Cove Yacht Harbor4.65.7 mi
- Grand Marina4.52.6 mi
- Berkeley Yacht Club4.57.2 mi
- Corica Park Golf Course4.24.4 mi
- Monarch Bay Golf Club4.17.3 mi
- Tilden Park Golf Course4.16.3 mi
- Lake Chabot Golf Course4.26.7 mi
- Redwood Canyon Golf Course4.28.9 mi
- PIER 394.610.7 mi
- Ferry Building4.69.8 mi
- Berkeley Bowl West4.75.5 mi
- Berkeley Bowl Marketplace4.64.8 mi
- Macy's4.310.6 mi
- San Francisco International Airport4.315.6 mi
- Oakland San Francisco Bay Airport4.25.7 mi
- Elevation LVK4.322.8 mi
- Seaplane Adventures4.817.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large regional park with extensive hiking trails and redwood groves.
Features scenic trails and access to Sausal Creek.
Local commercial corridor with diverse restaurants and shops.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.