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Affordable
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These days, finding an affordable place to live in the Oak Island area can be challenging. Home prices in Oak Island are now at a median cost of $270,500, lower than the Minnesota average of $345,793.
The average cost of rent is $955/mo in Oak Island, primarily driven by the current value of real estate in the Oak Island area. In Oak Island, 27.04% of households rent, and 57.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oak Island is $3,396 per month. Households that rent pay about 28.12% of their income on rent here. Oak Island’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Angle Inlet, MN: equally priced homes
- Williams, MN: less expensive homes
- Hackett, MN: equally priced homes
- Warroad, MN: less expensive homes
- Roosevelt, MN: less expensive homes
- Graceton, MN: less expensive homes
- Baudette, MN: less expensive homes
- Pitt, MN: less expensive homes
- Salol, MN: less expensive homes
- Clementson, MN: less expensive homes
Cities with Similar Populations
- Union City, WV: less expensive homes
- Climax, KS: less expensive homes
- Cline, TX: less expensive homes
- Clintondale, PA: less expensive homes
- Cloud Lake, FL: higher priced homes
- Coal Bluff, IN: less expensive homes
- Coal Run, PA: less expensive homes
- Coburn, WV: less expensive homes
- Turnwood, NY: higher priced homes
- Twickenham, OR: higher priced homes
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