The story of this market
The typical home in ZIP 94807 sells for about $585,000, or $485 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,650 a month.
ZIP 94807 — Richmond
The 94807 housing market is currently experiencing a period of price stabilization following years of rapid appreciation. Inventory remains tight, keeping the market competitive, though buyer demand has moderated due to interest rate pressures. Sales volume is consistent with seasonal norms for the East Bay region.
This ZIP is well-suited for commuters and first-time homebuyers looking for relative affordability within the expensive Bay Area market. It also attracts investors interested in long-term rental demand.
Median prices moved down 2.1% year over year.
Homes spend a median of 22 days on market with 3.4 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.5% — 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 4.8%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 94807, Contra Costa County, CA
Crime rates in this area are generally higher than the national average, with property crime being the primary concern. Local trends show fluctuations consistent with broader regional patterns in the East Bay.
Schools serving this ZIP are part of the West Contra Costa Unified School District, which faces ongoing challenges with academic performance and resource allocation compared to neighboring districts.
The area is subject to standard seismic risks common to the San Francisco Bay Area. Flood risk is localized to specific low-lying zones near the shoreline.
Economic momentum is driven by proximity to Richmond's industrial base and regional transit connectivity. Development is largely infill-focused with limited large-scale expansion space.
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 benefit from proximity to I-580 and I-80, providing access to major employment hubs in Berkeley, Oakland, and San Francisco. Public transit options include AC Transit bus lines and nearby BART stations.
The area features access to the San Francisco Bay Trail for walking and cycling. Local parks provide community green space, while shopping and dining are concentrated along major arterial corridors.
The rental market is characterized by steady demand from commuters seeking more affordable alternatives to the inner Bay Area. Vacancy rates remain low, though rent growth has stabilized recently.
The local economy is anchored by logistics, light manufacturing, and service sectors. Proximity to the Port of Richmond and regional transit hubs supports a diverse employment base.
The area is served by a network of highways and AC Transit bus routes. Commuters rely on these corridors to reach major employment centers in the East Bay and San Francisco.
Development is primarily focused on small-scale residential infill and commercial revitalization projects. No major regional infrastructure projects are currently under construction within the ZIP.
Parcels are subject to West Contra Costa Unified School District taxes and various local utility and flood control district assessments.
Property insurance premiums are rising due to regional wildfire and seismic risk factors. Market availability remains stable but costs are a significant factor for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Extensive waterfront trail system for walking and cycling.
Popular regional park with bay views and dog-friendly areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.