How much is a home worth in ZIP code 94606?

The typical home in 94606 is worth $612,659, based on the Zillow Home Value Index.

Are home values rising in 94606?

Home values in 94606 are down 7.4% over the past year, and down 4.7% a year over five years.

What is the typical rent in 94606?

A typical home in 94606 rents for about $2,391 a month, a gross rental yield of 4.7%.

What is the property tax rate in 94606?

The effective property tax rate in 94606 is 0.7% — roughly $4,220 a year on a typical home.

ZIP code 94606 has a population of 39,966 and a median household income of $72,470.

HousingHandbookReference data

…

U.S. ZIP Code · CA94606

Alameda County · San Francisco-Oakland-Fremont, CA

Typical home value

$612,659^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.4%
5-year / yr: -4.7%
10-year / yr: +1.3%

Relative price

vs U.S.: +115.7%
vs metro: -51.0%
vs state: -12.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 94606 is worth $612,659 — 51.0% below the San Francisco-Oakland-Fremont, CA median. Over the past year, values have fallen 7.4%. Homes here rent for a typical $2,391 a month — a 4.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,391^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $4,220^[3]

#Climate risk

FEMA National Risk Index ratings for Alameda County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very High^[4]
Riverine flood: Very High
Coastal flood: Relatively High
Wildfire: Relatively High
Drought: Relatively Moderate
Heat wave: Relatively High
Hurricane: Not Applicable
Tornado: Relatively Moderate
Earthquake: Very High
Winter weather: Very Low

#Who lives here

Population: 39,966^[3]
Median household income: $72,470^[3]

#Migration

Household moves in and out of Alameda County over a year, from IRS tax-return data.

Net migration: -8,347^[5]
Moved in: 40,744
Moved out: 49,091

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 5
Middle: 2
High: 2

Roosevelt Middle
Middle · Grades 6–8 · Oakland Unified
551 students
Franklin Elementary
Elementary · Grades K–5 · Oakland Unified
491 students
Garfield Elementary
Elementary · Grades K–5 · Oakland Unified
483 students
Cleveland Elementary
Elementary · Grades K–5 · Oakland Unified
383 students
La Escuelita
Elementary · Grades K–5 · Oakland Unified
265 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$28,693

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,098

Loan principal$490,127

Down payment$122,532

Total interest paid$625,130

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.66

Monthly cost to own$3,961

Monthly rent$2,391

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 1st percentile^[1]
Rental yield: 82nd percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94606?: The typical home in 94606 is worth $612,659, based on the Zillow Home Value Index.
Are home values rising in 94606?: Home values in 94606 are down 7.4% over the past year, and down 4.7% a year over five years.
What is the typical rent in 94606?: A typical home in 94606 rents for about $2,391 a month, a gross rental yield of 4.7%.
What is the property tax rate in 94606?: The effective property tax rate in 94606 is 0.7% — roughly $4,220 a year on a typical home.
Who lives in 94606?: ZIP code 94606 has a population of 39,966 and a median household income of $72,470.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

94520 vs 94606 →
Concord, CA
Typical home
$609,862
Gross yield
4.8%
94608 vs 94606 →
Oakland, CA
Typical home
$616,889
Gross yield
5.6%
94511
Bethel Island CDP, CA
Typical home
$636,836
Gross yield
—
94806
Richmond, CA
Typical home
$579,790
Gross yield
4.9%
94804
Richmond, CA
Typical home
$577,530
Gross yield
5.3%
94572
Rodeo CDP, CA
Typical home
$651,297
Gross yield
—

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Pit ZIP 94606 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA94606

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