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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 −11.8% YoY. inventory, −11.1% YoY, is the number to watch.
The median listing price is down 11.8% YoY while the median home got down 0.4% bigger, so value per square foot is down 11.9%.
U.S. Census ACS characteristics for ZIP 94609 itself, not its parent county.
Renters hold 67.1% of this ZIP's 11,049 occupied households, on a median household income of $108K.
| Measure | ZIP 94609 | Alameda County | Difference |
|---|---|---|---|
| Median Household Income | $108K | $129K | -$22K |
| Below Poverty Level | 10.2% | 9.2% | +1.0% |
| Median Age | 35.60 | 39.00 | -3.40 |
| Total Population | 23,928 | 1,649,473 | -- |
| Avg Household Size | 2.13 | 2.70 | -0.57 |
| Owner-Occupied | 32.9% | 54.4% | -21.5% |
| Worked From Home | 32.3% | 25.7% | +6.6% |
| Mean Commute | 30.30 | 31.00 | -0.70 |
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.