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Sarah Mitchell
Compass Real Estate · ZIP 94506
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94506 ZIP Code Housing Market
$2.35Mmedian sale price
What is the 94506 housing market like right now?
The median home sale price in ZIP code 94506 is $2.35M, up 6.2% year-over-year. Homes sell in an average of 14 days with 67 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 94506 ZIP code a buyer's or seller's market?
ZIP code 94506 is currently a balanced market and homes selling in about 14 days. How we determine this →
What are the latest 94506 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $2.35M |
| Median list price | $2.40M |
| Year-over-year price change | +6.2% |
| Average days on market | 14 days |
| Active inventory | 67 listings |
| Sale-to-list price ratio | 99.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 94506 zip code, located in Blackhawk, CA, is currently classified as a balanced market. The median sale price stands at $2.35M, representing a +6.2% change year over year. Homes in this area spend an average of 14 days on the market before going under contract. There are currently 67 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 94506 sits in the Blackhawk, CA area, roughly 0.6 miles from downtown Blackhawk. Because home prices are set street by street, this ZIP can move differently from Blackhawk's citywide averages. The figures below reflect 94506 specifically — drawn from Redfin transactions, U.S. Census data for its 27,055 residents, and Zillow value estimates.
Homes sold
67
Last 12 weeks
Days on market
14
Fast-moving
Active listings
67
Sale-to-list
99.6%
Below asking
Market trends
What is driving the 94506 housing market?
The 94506 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 94506 have increased +6.2% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 94506 stands at $2.06M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $4,868 per month. This gives a price-to-rent ratio of approximately 35.2, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 94506?
Population
27,055
Median income
$250,001/yr
Median age
45.3 years
Owner-occupied
88.1%
College grads
75.0%
Avg commute
30.35 min
What is it like living in 94506?
Zip code 94506 is home to approximately 27,055 residents. The median household income is $250,001 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 88.1% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 75.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.35 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 94506.
Which public schools serve ZIP 94506?
4 schools tracked · 2,502 students
The largest public schools serving ZIP code 94506 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Diablo Vista Middle
Grades 6-8 · 872 students
Sycamore Valley Elementary
Grades K-5 · 568 students
Creekside Elementary
Grades K-5 · 550 students
Tassajara Hills Elementary
Grades K-5 · 512 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 94506
What is the median home price in 94506?
The current median sale price in 94506 is $2.35M, based on recent Redfin transaction data. Prices have changed +6.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 94506 a buyer's or seller's market?
The 94506 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 94506?
Zip code 94506 has a population of approximately 27,055 residents. The median household income is $250,001 per year. About 88.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 94506?
Properties Incorporated provides comprehensive data for 94506 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 94506 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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