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Affordable
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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 $171,879, lower than the Iowa average of $226,062.
The average cost of rent is $898/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 32.92% of households rent, and 48.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $7,130 per month. Households that rent pay about 12.59% of their income on rent here. Oakland’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
- Carson, IA: higher priced homes
- Hancock, IA: equally priced homes
- Macedonia, IA: higher priced homes
- Treynor, IA: higher priced homes
- Avoca, IA: higher priced homes
- Wales, IA: higher priced homes
- Minden, IA: higher priced homes
- Henderson, IA: higher priced homes
- McClelland, IA: higher priced homes
- Shelby, IA: higher priced homes
Cities with Similar Populations
- Modena, NY: higher priced homes
- Rumney, NH: higher priced homes
- Republic, OH: equally priced homes
- Red Lake Falls, MN: equally priced homes
- Port Orford, OR: higher priced homes
- Plymouth, CA: higher priced homes
- Pleasureville, KY: higher priced homes
- Ocean Ridge, FL: higher priced homes
- Oakham, MA: higher priced homes
- Myrtle Springs, TX: higher priced homes
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