Northern California is filled with intriguing cities, but few are as multicultural, ethnically diverse and complicated as Oakland. Located in the Bay Area, just six miles from San Francisco, Oakland is the busiest port in Northern California, and the fifth busiest in America. On top of this excellence in trade, Oakland also boasts storied professional sports teams and stadiums, including the Oakland Raiders and the Golden State Warriors, a rich history of political activism, and an insistence on sustainable, renewable and green energy practices for its residents and companies. Crime continues to plague Oakland, from rampant property crime to more disturbing violent crimes in specific neighborhoods, but the city across the way continues to grow, improve and reach for greatness while embracing its incredibly desirable individuality.
Oakland, CA is a great place for affordable rent-to-own homes! With a median household income of over $80,143 and a median rent of $1,539, the Oakland, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Oakland, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Oakland, CA is seeing rapid growth and Oakland, CA's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Oakland, CA is part of Alameda county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Alameda is 0.68% which is below the national average, which is 0.99%.
Oakland, CA has a walk score of
Oakland, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.