Metro area index
Home appreciation in the Oakland-Fremont-Berkeley, CA metropolitan division
FHFA HPI® data shows the Oakland-Fremont-Berkeley, CA metropolitan division's all-transactions index changed -4.8% over the year to Q2 2026, versus +0.9% for California and +3.0% for the U.S. That ranks 407th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- -4.8%
- 5-year change
- +8.2%
- Since Q1 1995
- +356%
- Metro rank (1 year)
- 407th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Oakland-Fremont-Berkeley, CA vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Oakland-Fremont-Berkeley, CA: 456.0
- California: 488.5
- United States: 391.6
Appreciation by time window
| Window | Metro | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | -4.8% | +0.9% | +3.0% | −5.7 pts | −7.8 pts |
| 3 years | -2.8% | +7.7% | +12.9% | −10.5 pts | −15.7 pts |
| 5 years | +8.2% | +28.1% | +41.3% | −19.9 pts | −33.1 pts |
| 10 years | +45.6% | +76.2% | +93.3% | −30.5 pts | −47.7 pts |
| Since Q1 1995 | +356% | +388% | +292% | −32.5 pts | +64.4 pts |
3-digit ZIP regions in the Oakland-Fremont-Berkeley, CA area
Regions with at least 10% of their 2010 population inside the metro division, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 946 · Oakland, CA area | CA | +2.6% | +1.4% | +420% | 100% |
| 947 · Berkeley, CA area | CA | +4.7% | +22.2% | +457% | 100% |
| 948 · Richmond, CA area | CA | +1.6% | +11.3% | +394% | 100% |
| 945 · Fremont, CA area | CA | +0.8% | +17.0% | +362% | 81% |
Boom, bust, and recovery in Oakland-Fremont-Berkeley, CA area
Oakland-Fremont-Berkeley, CA area's index peaked in Q2 2006, fell 39.7% to its low in Q1 2012, and regained its peak in Q4 2016, about 10.5 years after the top. Today it sits +41.5% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2006 | Q1 2012 | -39.7% | Q4 2016 (10.5 yrs) | +41.5% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Oakland-Fremont-Berkeley, CA area's index has changed +106% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | CA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -8.3% | -2.9% | -0.8% |
| 3 years | +9.8% | -11.5% | -1.9% | +2.8% |
| 5 years | +24.0% | -12.7% | +3.3% | +13.9% |
| 10 years | +39.1% | +4.7% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +106% | +121% | +76.8% |
If you bought in the Oakland-Fremont-Berkeley, CA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +351% | $1,353,250 |
| Q2 2000 | +199% | $898,109 |
| Q2 2005 | +55.0% | $464,974 |
| Q2 2010 | +118% | $655,486 |
| Q2 2015 | +60.0% | $479,882 |
| Q2 2020 | +20.8% | $362,327 |
| Q2 2021 | +8.2% | $324,694 |
| Q2 2023 | -2.8% | $291,597 |
| Q2 2025 | -4.8% | $285,601 |
Frequently asked questions
- How much have home prices risen in the Oakland-Fremont-Berkeley, CA area?
- FHFA HPI® data for the Oakland-Fremont-Berkeley, CA metropolitan division shows changes of -4.8% over one year, +8.2% over five years, and +45.6% over ten years to Q2 2026, and +356% since Q1 1995.
- Is the Oakland-Fremont-Berkeley, CA area beating the national average?
- Over the past year the metro's index moved −7.8 pts versus the U.S.; over five years the gap is −33.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan division. The index covers the whole area, so individual neighborhoods and homes can differ from it.