How much house does $500,000 buy you in Oakland?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Oakland?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Oakland right now. Listings below $500,000 were included if necessary.
1100 Harbor St, Pittsburg, CA 94565
- Price: $500,000
- 8 bedrooms, 1.5 bathrooms
- Square feet: 5,294
- See 1100 Harbor St, Pittsburg, CA 94565 on Redfin.com
1524 80Th Ave, Oakland, CA 94621
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,622
- See 1524 80Th Ave, Oakland, CA 94621 on Redfin.com
1525 Barkley Mountain Way, Antioch, CA 94531
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,617
- See 1525 Barkley Mountain Way, Antioch, CA 94531 on Redfin.com
30 Greenview Ln, El Sobrante, CA 94803
- Price: $499,999
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,565
- See 30 Greenview Ln, El Sobrante, CA 94803 on Redfin.com
211 Apollo, Hercules, CA 94547
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,278
- See 211 Apollo, Hercules, CA 94547 on Redfin.com
2116 Willow Ave, Antioch, CA 94509
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,293
- See 2116 Willow Ave, Antioch, CA 94509 on Redfin.com
1170 Columbia St, Pittsburg, CA 94565
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,266
- See 1170 Columbia St, Pittsburg, CA 94565 on Redfin.com
221 4Th St, Richmond, CA 94801
- Price: $499,888
- 3 bedrooms, 2 bathrooms
- Square feet: 1,148
- See 221 4Th St, Richmond, CA 94801 on Redfin.com
700 Fargo Ave, San Leandro, CA 94579
- Price: $499,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,100
- See 700 Fargo Ave, San Leandro, CA 94579 on Redfin.com
710 D St, Antioch, CA 94509
- Price: $499,950
- 3 bedrooms, 2 bathrooms
- Square feet: 1,064
- See 710 D St, Antioch, CA 94509 on Redfin.com
2301 12Th Ave, Oakland, CA 94606
- Price: $500,000
- 3 bedrooms, 1 bathroom
- Square feet: 2,441
- See 2301 12Th Ave, Oakland, CA 94606 on Redfin.com
2744 Capistrano St, Antioch, CA 94509
- Price: $499,999
- 3 bedrooms, 1 bathroom
- Square feet: 1,246
- See 2744 Capistrano St, Antioch, CA 94509 on Redfin.com
1321 Wood St, Oakland, CA 94607
- Price: $500,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,113
- See 1321 Wood St, Oakland, CA 94607 on Redfin.com
1423 73Rd Ave, Oakland, CA 94621
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,016
- See 1423 73Rd Ave, Oakland, CA 94621 on Redfin.com
14075 Doolittle Dr, San Leandro, CA 94577
- Price: $499,999
- 2 bedrooms, 2 bathrooms
- Square feet: 1,250
- See 14075 Doolittle Dr, San Leandro, CA 94577 on Redfin.com
3750 Harrison St, Oakland, CA 94611
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,133
- See 3750 Harrison St, Oakland, CA 94611 on Redfin.com
8165 Mountain View Dr, Pleasanton, CA 94588
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,043
- See 8165 Mountain View Dr, Pleasanton, CA 94588 on Redfin.com
8060 Mountain View Dr, Pleasanton, CA 94588
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,043
- See 8060 Mountain View Dr, Pleasanton, CA 94588 on Redfin.com
2154 35Th Ave, Oakland, CA 94601
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 849
- See 2154 35Th Ave, Oakland, CA 94601 on Redfin.com
2107 Ohio Ave, Richmond, CA 94804
- Price: $500,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,287
- See 2107 Ohio Ave, Richmond, CA 94804 on Redfin.com
4020 Stone Rd, Bethel Island, CA 94511
- Price: $499,999
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,040
- See 4020 Stone Rd, Bethel Island, CA 94511 on Redfin.com
2437 Saint Helena Dr, Hayward, CA 94542
- Price: $499,999
- 2 bedrooms, 1.5 bathrooms
- Square feet: 888
- See 2437 Saint Helena Dr, Hayward, CA 94542 on Redfin.com
4510 San Carlos Ave, Oakland, CA 94601
- Price: $499,900
- 2 bedrooms, 1 bathroom
- Square feet: 984
- See 4510 San Carlos Ave, Oakland, CA 94601 on Redfin.com
8975 Alcosta Blvd, San Ramon, CA 94583
- Price: $500,000
- 2 bedrooms, 1 bathroom
- Square feet: 916
- See 8975 Alcosta Blvd, San Ramon, CA 94583 on Redfin.com
2155 Eric Ct, Union City, CA 94587
- Price: $499,999
- 2 bedrooms, 1 bathroom
- Square feet: 903
- See 2155 Eric Ct, Union City, CA 94587 on Redfin.com
3316 Macarthur Blvd, Oakland, CA 94602
- Price: $499,999
- 2 bedrooms, 1 bathroom
- Square feet: 871
- See 3316 Macarthur Blvd, Oakland, CA 94602 on Redfin.com
1708 Lexington Ave, El Cerrito, CA 94530
- Price: $499,999
- 2 bedrooms, 1 bathroom
- Square feet: 865
- See 1708 Lexington Ave, El Cerrito, CA 94530 on Redfin.com
1552 Marelia Ct, San Pablo, CA 94806
- Price: $499,999
- 2 bedrooms, 1 bathroom
- Square feet: 835
- See 1552 Marelia Ct, San Pablo, CA 94806 on Redfin.com
2821 Vallecito Pl, Oakland, CA 94606
- Price: $499,999
- 2 bedrooms, 1 bathroom
- Square feet: 801
- See 2821 Vallecito Pl, Oakland, CA 94606 on Redfin.com
