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These days, finding an affordable place to live in the Oakland area can be challenging. Home prices in Oakland are now at a median cost of $156,872, lower than the Alabama average of $228,911.
The average cost of rent is $889/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 9.64% of households rent, and 52.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $5,227 per month. Households that rent pay about 17.01% of their income on rent here. Oakland’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mansion View, AL: less expensive homes
- Rhodesville, AL: higher priced homes
- Smithsonia, AL: equally priced homes
- Florence, AL: higher priced homes
- Sheffield, AL: less expensive homes
- Barton, AL: higher priced homes
- Gravelly Springs, AL: less expensive homes
- Cedar Hills Estates, AL: higher priced homes
- St. Florian, AL: higher priced homes
- Threet, AL: equally priced homes
Cities with Similar Populations
- Red Lane, WY: higher priced homes
- North Lakeport, CA: higher priced homes
- North Leeds, WI: higher priced homes
- North Otis, MA: higher priced homes
- North Pembroke, NY: higher priced homes
- North Pownal, ME: higher priced homes
- Northfield, IA: higher priced homes
- Northport, WI: higher priced homes
- Norvelt, PA: higher priced homes
- Nutterville, WI: higher priced homes
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