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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 $255,834, lower than the Connecticut average of $418,901.
The average cost of rent is $1,684/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 39.87% of households rent, and 30.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $7,902 per month. Households that rent pay about 21.31% of their income on rent here. Oakland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Manchester, CT: equally priced homes
- South Windsor, CT: higher priced homes
- Vernon-Rockville, CT: equally priced homes
- Bolton, CT: higher priced homes
- East Hartford, CT: less expensive homes
- East Windsor Hill, CT: higher priced homes
- Rockville, CT: less expensive homes
- Glastonbury, CT: higher priced homes
- Wilson, CT: higher priced homes
- Glastonbury Center, CT: higher priced homes
Cities with Similar Populations
- Watauga, TX: equally priced homes
- Boaz, AL: less expensive homes
- Bourbonnais, IL: equally priced homes
- Brainerd, MN: equally priced homes
- Brambleton, VA: higher priced homes
- Brent, FL: less expensive homes
- Brownwood, TX: less expensive homes
- Canandaigua, NY: equally priced homes
- Canby, OR: higher priced homes
- Canon City, CO: higher priced homes
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