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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 $231,658, higher than the Kentucky average of $219,615.
The average cost of rent is $1,108/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 31.83% of households rent, and 28.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $6,450 per month. Households that rent pay about 17.18% of their income on rent here. Oakland’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Motley, KY: higher priced homes
- Smiths Grove, KY: less expensive homes
- Sunnyside, KY: less expensive homes
- Rocky Hill, KY: less expensive homes
- Claypool, KY: equally priced homes
- Girkin, KY: less expensive homes
- Martinsville, KY: equally priced homes
- Plum Springs, KY: less expensive homes
- Finney, KY: equally priced homes
- Merry Oaks, KY: less expensive homes
Cities with Similar Populations
- Confluence, PA: less expensive homes
- Vesper, WI: less expensive homes
- Fletcher, OH: equally priced homes
- Farmdale, OH: less expensive homes
- Erwinville, LA: higher priced homes
- Erie, KS: less expensive homes
- Washington Depot, CT: higher priced homes
- West Dover, VT: higher priced homes
- West Granby, CT: higher priced homes
- Tullahassee, OK: higher priced homes
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