How much is a home worth in ZIP code 94609?

The typical home in 94609 is worth $956,500, based on the Zillow Home Value Index.

Are home values rising in 94609?

Home values in 94609 are down 6.6% over the past year, and down 4.0% a year over five years.

What is the typical rent in 94609?

A typical home in 94609 rents for about $2,697 a month, a gross rental yield of 3.4%.

What is the property tax rate in 94609?

The effective property tax rate in 94609 is 0.9% — roughly $8,738 a year on a typical home.

ZIP code 94609 has a population of 23,928 and a median household income of $107,834.

HousingHandbookReference data

…

U.S. ZIP Code · CA94609

Alameda County · San Francisco-Oakland-Fremont, CA

Typical home value

$956,500^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -6.6%
5-year / yr: -4.0%
10-year / yr: +0.7%

Relative price

vs U.S.: +236.7%
vs metro: -23.5%
vs state: +36.5%

Price history

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

The typical home in 94609 is worth $956,500 — 23.5% below the San Francisco-Oakland-Fremont, CA median. Over the past year, values have fallen 6.6%. Homes here rent for a typical $2,697 a month — a 3.4% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $2,697^[2]
Gross yield: 3.4%^[2]
Cap rate: 2.0%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $8,738^[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: 23,928^[3]
Median household income: $107,834^[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: 5
Elementary: 3
Middle: 0
High: 2

Peralta Elementary
Elementary · Grades K–5 · Oakland Unified
341 students
Emerson Elementary
Elementary · Grades K–5 · Oakland Unified
332 students
Oakland International High
High · Grades 9–12 · Oakland Unified
290 students
Sankofa United Elementary
Elementary · Grades K–5 · Oakland Unified
232 students
Street Academy Alternative High
High · Grades 9–12 · Oakland Unified
57 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 yield3.4%

Net yield (after ~40% expenses)2.0%

Annual rent$32,359

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$4,837

Loan principal$765,200

Down payment$191,300

Total interest paid$975,970

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 ratio2.36

Monthly cost to own$6,359

Monthly rent$2,697

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: 2nd percentile^[1]
Rental yield: 56th percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94609?: The typical home in 94609 is worth $956,500, based on the Zillow Home Value Index.
Are home values rising in 94609?: Home values in 94609 are down 6.6% over the past year, and down 4.0% a year over five years.
What is the typical rent in 94609?: A typical home in 94609 rents for about $2,697 a month, a gross rental yield of 3.4%.
What is the property tax rate in 94609?: The effective property tax rate in 94609 is 0.9% — roughly $8,738 a year on a typical home.
Who lives in 94609?: ZIP code 94609 has a population of 23,928 and a median household income of $107,834.

#Comparable ZIPs

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

95391 vs 94609 →
Mountain House CDP, CA
Typical home
$928,663
Gross yield
3.9%
94124 vs 94609 →
San Francisco, CA
Typical home
$917,215
Gross yield
5.6%
94602
Oakland, CA
Typical home
$999,150
Gross yield
2.8%
94523
Pleasant Hill, CA
Typical home
$1,000,457
Gross yield
3.3%
94020
La Honda CDP, CA
Typical home
$1,000,692
Gross yield
—
94597
Walnut Creek, CA
Typical home
$1,001,598
Gross yield
3.3%

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Pit ZIP 94609 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA94609

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