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Housing Needs Assessment Draft Housing Element 2-31 Figure 2.9 Median Home Sale Price Source: Redfin.com 2022 2.17 Distribution of Owner-Occupied Unit Values Table 2.29 shows the distribution of home values for owner-occupied housing units in San Leandro, surrounding cities, and Alameda County. According to the 2015-2019 ACS, San Leandro’s owner- occupied units are less varied in value than surrounding jurisdictions and the county as a whole. Nearly half of owner-occupied units in the city are valued between $500,000 and $750,000. While San Leandro had 73 percent of owner-occupied units valued between $250,000 and $750,000, Alameda County had a wider distribution across all value categories. However, the city did have a slightly higher percentage of units at the lower end of the spectrum (those valued under $250,000) than the county as a whole, but a much lower share of units at the higher end of the spectrum (those valued over $1,000,000). This data implies that San Leandro generally remains a more affordable city for homebuyers looking to purchase lower or median-priced units than neighboring cities. Table 2.29 Values of Owner-Occupied Units Jurisdiction Units Valued Less than $250k Units Valued $250k-$500k Units Valued $500k-$750k Units Valued $750k-$1M Units Valued $1M-$1.5M Units Valued $1.5M-$2M Units Valued $2M+ San Leandro 6.4% 26.4% 47.4% 16.4% 2.6% 0.3% 0.6% Oakland 6.7% 23.6% 26.2% 20.2% 14.9% 4.8% 3.4% Hayward 10.6% 25.5% 42.8% 14.4% 4.8% 0.9% 1.0% Alameda 3.3% 6.5% 26.2% 32.0% 24.3% 4.7% 3.0% Union City 7.8% 11.7% 28.2% 36.8% 14.3% 0.6% 0.6% Alameda County 5.2% 14.5% 28.4% 25.5% 17.7% 5.0% 3.8% K = thousand, M = million Source: U.S. Census Bureau, American Community Survey 5-Year Data (2015-2019), Table B25075 $946,250 $958,500 $1,000,000 $1,250,000 $1,257,250 $1,365,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 Hayward Oakland San Leandro Alameda County City of Alameda Union CityMedian Home Sale Price