Oakland, CA Housing Market: Home Prices & Rent
Oakland home values since 2000
Last few years
Rent in Oakland
Owning vs renting, monthly
Buying the typical Oakland home with 20% down at this week's 7.32% 30-year rate costs about $4,794/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,758/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Oakland, CA home values are rising again for the first time since 2022
- Oakland, CA homes are worth 24% less than at the 2022 peak
Oakland vs the San Francisco metro, California and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Oakland, CA | $711k | +0.6% | $2,758/mo |
| San Francisco metro | $1.12M | +3.1% | $3,445/mo |
| California | $762k | +0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Oakland, CA?
No - the typical Oakland home value is up 0.6% over the past 12 months, at $711k (September 2026). Values are 24% below their May 2022 peak of $938k.
Is the Oakland housing market crashing?
Home values are 24% below their May 2022 peak and up 0.6% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Oakland, CA?
Typical rent in Oakland is $2,758 a month (September 2026), +10.8% over 12 months.
Is Oakland more expensive than the rest of the San Francisco area?
The typical Oakland home ($711k) is 37% below the San Francisco metro typical of $1.12M (September 2026).
More of the San Francisco area
San Francisco metro housing market · Fremont · Hayward · Berkeley · San Leandro · San Mateo · Daly City · Redwood City · Livermore
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Oakland, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.