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These days, finding an affordable place to live in the Oakland City area can be challenging. Home prices in Oakland City are now at a median cost of $150,176, lower than the Indiana average of $232,932.
The average cost of rent is $871/mo in Oakland City, primarily driven by the current value of real estate in the Oakland City area. In Oakland City, 27.73% of households rent, and 52.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland City is $5,719 per month. Households that rent pay about 15.23% of their income on rent here. Oakland City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Somerville, IN: equally priced homes
- Francisco, IN: higher priced homes
- Glezen, IN: higher priced homes
- Enos Corner, IN: less expensive homes
- Mackey, IN: higher priced homes
- Winslow, IN: less expensive homes
- Willisville, IN: higher priced homes
- Spurgeon, IN: equally priced homes
- Coe, IN: equally priced homes
- Augusta, IN: higher priced homes
Cities with Similar Populations
- Arcola, IL: equally priced homes
- Keedysville, MD: higher priced homes
- Islandia, NY: higher priced homes
- Hopkins, MI: higher priced homes
- Homer, MI: equally priced homes
- Holcomb, KS: higher priced homes
- Hainesville, IL: higher priced homes
- Gunter, TX: higher priced homes
- Gardners, PA: higher priced homes
- Frontenac, KS: equally priced homes
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