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Housing market/California/ZIP 94703

ACS 2023 · FY2027 SAFMR

ZIP 94703 Berkeley, California

Oakland-Fremont, CA HUD Metro FMR Area · California. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
20,874
Households
8,732
Median HH income
$108,922
Renter share
60.6%
Median gross rent
$2,257
Vacancy
9.6%
Pop. change
-4.9%
2BR SAFMR
$2,680
SAFMR / rent
1.187×
2–49 unit stock
5,227
LIHTC proj / units
6 / 237
HUD assisted MF
4 / 198

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 94703 · CA — sent to you.

ZIP 94703 · CA

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ACS rent vs 2BR SAFMR

ZIP 94703 — Berkeley, CA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,257
2BR SAFMR$2,680
90% floor$2,412
110% ceiling$2,948

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 94703

  • 1-unit detached3,55536.8%
  • 1-unit attached4024.2%
  • 2–4 units2,55126.4%
  • 5–49 units2,67627.7%
  • 50+ units4434.6%
  • Mobile270.3%
TypeUnitsShare
1-unit detached3,55536.8%
1-unit attached4024.2%
2 units (duplex)1,15311.9%
3–4 units1,39814.5%
5–9 units1,46315.2%
10–19 units7297.6%
20–49 units4845.0%
50+ units4434.6%
Mobile270.3%

2–4 unit share 26.4% · 5–49 unit share 27.7% · combined 2–49 54.1%.

Units by bedrooms

Studio
811
1BR
2,131
2BR
3,450
3BR
2,139
4BR
827
5+
296

Rent burden

Rent ≥30% of income51.2%
Rent ≥50% of income27.3%
  • ACS median gross rent $2,257 (all bedrooms, occupied rentals).
  • Median contract rent $2,108.
  • Renters paying ≥30% of income 51.2%; ≥50% 27.3%.
  • FY2027 2BR SAFMR $2,680 (1.187× ACS median gross rent).

Population

20,874 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -4.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 6 projects, 237 units.
  • HUD project-based assisted MF: 4 properties, 198 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,604 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 94703 60.6% of occupied households are renters; vacancy is 9.6%; ACS median gross rent is $2,257; population changed -4.9% between the 2018 and 2023 ACS vintages; the housing stock includes 2,551 units in 2–4-unit structures and 2,676 units in 5–49-unit structures; 6 LIHTC projects totaling 237 units; FY2027 2BR SAFMR is $2,680 versus ACS median gross rent of $2,257. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

California research

ZIP 94703 is a Census / HUD profile for Oakland-Fremont, CA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 94703 — Berkeley, CA HUD Section 8 Payment Standards / SAFMR·California ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
94501Oakland-Fremont, CA HUD Metro FMR Area58.2%$2,362$3,05094502Oakland-Fremont, CA HUD Metro FMR Area13.1%$3,501$3,06094506Oakland-Fremont, CA HUD Metro FMR Area11.2%$3,501$3,61094507Oakland-Fremont, CA HUD Metro FMR Area7.6%$3,501$3,37094509Oakland-Fremont, CA HUD Metro FMR Area41.7%$2,052$2,63094511Oakland-Fremont, CA HUD Metro FMR Area28.2%$1,390$2,63094513Oakland-Fremont, CA HUD Metro FMR Area18.1%$2,449$3,07094514Oakland-Fremont, CA HUD Metro FMR Area36.7%$2,496$2,96094516Oakland-Fremont, CA HUD Metro FMR Area27.4%$1,250$2,63094517Oakland-Fremont, CA HUD Metro FMR Area9.9%$3,501$3,26094518Oakland-Fremont, CA HUD Metro FMR Area30.8%$2,290$2,73094519Oakland-Fremont, CA HUD Metro FMR Area29.1%$2,340$2,780

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is California research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 94703?

ZIP 94703 (Oakland-Fremont, CA HUD Metro FMR Area) has 20,874 residents, 8,732 households, a renter share of 60.6%, median household income of $108,922, and ACS 2023 median gross rent of $2,257. Vacancy is 9.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 94703?

ACS counts 1,153 units in 2-unit buildings, 1,398 in 3–4 unit buildings, 1,463 in 5–9, 729 in 10–19, and 484 in 20–49. Combined 2–49 unit stock is 5,227 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 94703?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,680. See the full schedule and 90–110% payment-standard band on the ZIP 94703 — Berkeley, CA HUD Section 8 Payment Standards / SAFMR.

Does this California ZIP profile include Georgia listings?

No. ZIP 94703 is Census / HUD research for Oakland-Fremont, CA HUD Metro FMR Area. Jeff Crowe CRE does not list California property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.