Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,020 |
| 1 Bedroom | $2,220 |
| 2 Bedrooms | $2,720 |
| 3 Bedrooms | $3,480 |
| 4 Bedrooms | $4,120 |
| 5 Bedrooms | $4,779 |
| 6 Bedrooms | $5,352 |
| 7 Bedrooms | $5,780 |
| 8 Bedrooms | $6,069 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 94569 is poised for stability and potential growth, given the median home value stands at $653,850. This figure reflects a robust housing market that has been resilient against recent economic fluctuations. The fact that a significant percentage of listings have seen reductions suggests that sellers are adjusting their expectations, indicating a balanced market where neither buyers nor sellers hold overwhelming leverage.
The median days on market (DOM) being N/A points towards a fluid market where homes are selling at a steady pace, but without specific data, it's challenging to draw definitive conclusions about how quickly properties are moving. However, the trend of listing reductions can be interpreted as a sign that the market is self-correcting, which could mean that pricing power will shift slightly towards buyers in the short term, but remains favorable for sellers in the medium to long term.
On the rental side, the Fair Market Rent (FMR) for ZIP 94569 in fiscal year 2024 is set at $2260. Without comparative market data for the current period, we can infer that if the FMR has increased, there might be upward pressure on rents, benefiting landlords and small-portfolio investors. Conversely, if the market rent is below this figure, it indicates a potential for stabilization or slight adjustments in rental rates to align with the FMR.
For long-hold investors, the appreciation thesis in ZIP 94569 hinges on broader economic trends and local factors such as job growth, population increase, and infrastructure development. If these elements continue to support the current median home value and rental rates, then the investment in properties within this ZIP code will likely yield positive returns over the next 12-24 months. However, the absence of specific DOM data and current market rent figures limits the ability to project precise appreciation rates.
The setup implied by the available data suggests a market that is currently stable but with opportunities for both homeowners and renters. Landlords can expect to maintain their rental income levels, while small-portfolio investors should see their property values remain consistent, barring any unforeseen economic downturns or changes in local real estate policies.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.