Location: Oakland-Fremont, CA | Metro: Oakland-Fremont, CA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,700 |
| 1 Bedroom | $2,960 |
| 2 Bedrooms | $3,630 |
| 3 Bedrooms | $4,650 |
| 4 Bedrooms | $5,500 |
| 5 Bedrooms | $6,380 |
| 6 Bedrooms | $7,146 |
| 7 Bedrooms | $7,718 |
| 8 Bedrooms | $8,104 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,960 | $350,134 | 0.85% | C |
| 2BR | $3,630 | $665,889 | 0.55% | F |
| 3BR | $4,650 | $1,168,570 | 0.4% | F |
| 4BR | $5,500 | $1,579,599 | 0.35% | F |
| 5BR | $6,380 | $1,868,316 | 0.34% | F |
U.S. Census Bureau data (2024)
The ZIP code 94598, located in Walnut Creek, California, presents a dynamic rental market characterized by a strong alignment between Fair Market Rent (FMR) and market rent levels. The FMR for the area stands at $3,670 for fiscal year 2024, while the actual market rent, as indicated by Zillow's ZORI metric, is slightly lower at $3,222. This suggests that rents are competitive but not inflated beyond reasonable expectations.
A key indicator of market health is the price-cut share, which in 94598 is only 0.2%. This low figure implies that landlords are generally able to maintain their rental rates without significant concessions, indicating a robust demand for rental properties. Furthermore, the Days on Market (DOM) for rentals is 23 days, which is relatively short. This quick turnover can be attributed to the high demand for rental units, making it easier for landlords to find tenants.
The median home value in 94598 is $1,419,473, placing it firmly in the upper echelon of housing values. This high median value can contribute to租房压力，因为对于许多租户来说，购房可能不切实际。这解释了为什么该地区的租房比例高达23.7%，这一数字表明长期而言，租赁需求将持续存在。
综合来看，94598地区的需求似乎超过了供应，租金与市场公平价值保持一致，且房东无需大幅降价以吸引租户。快速的上市时间进一步证实了这一点。因此，对于房东和小型投资组合投资者而言，这是一个充满活力且具有吸引力的市场。
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.