Oakland, CA variant. This is a Oakland, CA-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Oakland's gross rental yield - annual rent ÷ property price - is about 4.0%, based on $2,900/month rent on a $870,000 median home.
Rental yield in Oakland
Gross yield = ($2,900 × 12) ÷ $870,000 = 4.0%. Net yield subtracts property tax (0.69%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Oakland's sub-5% gross yield signals an appreciation-driven market.
About Oakland, CA
Oakland is subject to California's state income and sales taxes.
Oakland has very expensive housing as part of the San Francisco Bay Area market.
Oakland is a major Bay Area economic center with a busy port, and its cost of living is among the highest in the nation.
Worked example: Oakland yield
Annual rent $34,800 ÷ price $870,000 = 4.0% gross. After 0.69% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $870,000
- Median rent: $2,900/mo
- Median household income: $92,237
- Local sales tax: 10.25%
- Effective property tax rate: 0.69%
- Cost of living index: 154 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Oakland runs about 4.0%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.