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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 $253,751, lower than the Maryland average of $450,578.
The average cost of rent is $846/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 24.17% of households rent, and 48.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $6,780 per month. Households that rent pay about 12.49% of their income on rent here. Oakland’s most expensive areas are in the northeastern 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
- Mountain Lake Park, MD: equally priced homes
- Loch Lynn Heights, MD: equally priced homes
- Deer Park, MD: less expensive homes
- Hutton, MD: less expensive homes
- Gortner, MD: less expensive homes
- McComas Beach, MD: higher priced homes
- Wilson, MD: equally priced homes
- Hopemont, WV: less expensive homes
- Turner Douglass, WV: less expensive homes
- Terra Alta, WV: less expensive homes
Cities with Similar Populations
- Paoli, PA: higher priced homes
- Pitman, NJ: higher priced homes
- Pismo Beach, CA: higher priced homes
- Piney Flats, TN: higher priced homes
- Pine Ridge, FL: higher priced homes
- Pine Lake Park, NJ: higher priced homes
- Pine Grove, PA: less expensive homes
- Park City, KS: less expensive homes
- Park City, IL: less expensive homes
- Pittsburg, TX: less expensive homes
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