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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −5.9% YoY. inventory, −17.1% YoY, is the number to watch.
The median listing price is down 5.9% YoY while the median home got up 7.1% bigger, so value per square foot is down 8.8%.
U.S. Census ACS characteristics for ZIP 94602 itself, not its parent county.
Renters hold 39.8% of this ZIP's 12,496 occupied households, on a median household income of $122K.
| Measure | ZIP 94602 | Alameda County | Difference |
|---|---|---|---|
| Median Household Income | $122K | $129K | -$7K |
| Below Poverty Level | 8.4% | 9.2% | -0.8% |
| Median Age | 41.90 | 39.00 | +2.90 |
| Total Population | 31,759 | 1,649,473 | -- |
| Avg Household Size | 2.52 | 2.70 | -0.18 |
| Owner-Occupied | 60.2% | 54.4% | +5.8% |
| Worked From Home | 32.0% | 25.7% | +6.3% |
| Mean Commute | 28.60 | 31.00 | -2.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 1,649,473: residents under 18 are down 1.4% and those 65 and over are up 3.0%.
County median household income is $129K, 9.2% of residents are below the poverty level, 25.7% work from home.