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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 $106,518, lower than the Illinois average of $300,242.
The average cost of rent is $615/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 21.04% of households rent, and 52.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $4,969 per month. Households that rent pay about 12.37% of their income on rent here. Oakland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rardin, IL: higher priced homes
- Hindsboro, IL: higher priced homes
- Brocton, IL: less expensive homes
- Kansas, IL: less expensive homes
- Redmon, IL: less expensive homes
- Ashmore, IL: higher priced homes
- Kemp, IL: higher priced homes
- Hugo, IL: higher priced homes
- Newman, IL: equally priced homes
- Murdock, IL: higher priced homes
Cities with Similar Populations
- Hillcrest, IL: higher priced homes
- South Pekin, IL: higher priced homes
- Smith, MS: equally priced homes
- Sloan, IA: higher priced homes
- Sheridan, MT: higher priced homes
- Koran, LA: higher priced homes
- Kincaid, IL: equally priced homes
- Indian Mound, TN: higher priced homes
- Husum, WA: higher priced homes
- Hinton, VA: higher priced homes
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