Alameda County, California Housing Market
In Alameda County, California, the median home value is $1,090,100, with a median monthly rent of $2,357. This places Alameda County at #10 nationally out of 3134 counties by median home value, and #5 within California.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,931
- Establishments: 72,980
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,117
- Multi-family: 1,661
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 681,574 (avg $159,435)
- Outflow: 686,539 (avg $160,608)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Alameda County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 94705 | 241.2 | -10.16% | 2025 |
| 2 | 94566 | 241.8 | -24.05% | 2025 |
| 3 | 94538 | 388.5 | -12.44% | 2025 |
| 4 | 94708 | 243.2 | -12.61% | 2025 |
| 5 | 94707 | 254.4 | -4.08% | 2025 |
| 6 | 94552 | 315.6 | — | 2025 |
| 7 | 94555 | 345.1 | -10.53% | 2025 |
| 8 | 94588 | 338.5 | -2.57% | 2025 |
| 9 | 94618 | 271.9 | -4.83% | 2025 |
| 10 | 94536 | 352.3 | -7.89% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
How Alameda County Compares
| Metric | Alameda County | California Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $1,090,100 | $609,221 | $227,706 |
| Median Gross Rent | $2,357 | $1,690 | $968 |
| Owner Occupancy Rate | 54.4% | 63.4% | 73.3% |
| Price/Rent Ratio | 38.5 | 28.5 | 18.7 |
Market Analysis
The median home value in Alameda County is 78.9% above the California state average and 378.7% above the U.S. national average. The median rent of $2,357/month is 39.5% above the state average.
With a price-to-rent ratio of 38.5, Alameda County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Alameda County has an owner-occupancy rate of 54.4%, compared to 63.4% in California and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| New York County | New York | $1,090,500 | $2,197 |
| Summit County | Utah | $1,067,700 | $1,987 |
| Falls Church city | Virginia | $1,055,600 | $2,190 |
| Pitkin County | Colorado | $1,139,100 | $2,004 |
| Santa Cruz County | California | $1,027,500 | $2,264 |
Other Counties in California
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Santa Cruz County | $1,027,500 | $2,264 | 59.9% |
| Orange County | $962,600 | $2,434 | 56.4% |
| Napa County | $869,500 | $2,237 | 63.4% |
| Contra Costa County | $866,800 | $2,375 | 68.0% |
| San Diego County | $854,700 | $2,246 | 54.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).