Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Oak Terrace area can be challenging. Home prices in Oak Terrace are now at a median cost of $108,600, lower than the Florida average of $278,762.
The average cost of rent is $822/mo in Oak Terrace, primarily driven by the current value of real estate in the Oak Terrace area. While nearly 69.89% of residents own their homes outright in Oak Terrace, 34.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oak Terrace is $2,782 per month. Households that rent pay about 29.55% of their income on rent here. Oak Terrace's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Bradley, FL: equally priced homes
- Welcome, FL: higher priced homes
- Pierce, FL: equally priced homes
- Nichols, FL: higher priced homes
- Lithia, FL: higher priced homes
- South Mulberry, FL: higher priced homes
- Fort Lonesome, FL: higher priced homes
- Fort Green, FL: equally priced homes
- Homeland, FL: higher priced homes
- Fish Hawk, FL: higher priced homes
Cities with Similar Populations
- Vaughn, VA: higher priced homes
- Choctaw, AR: higher priced homes
- Cisco, NC: higher priced homes
- Clay, LA: higher priced homes
- Cloverland, WA: higher priced homes
- Cloverton, MN: higher priced homes
- Cloyds Landing, KY: less expensive homes
- Corral, ID: higher priced homes
- Trowbridge, OH: higher priced homes
- Truxton, AZ: equally priced homes
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