Home Price Key
Affordable
Average
Expensive
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 $439,573, higher than the Michigan average of $196,062.
The average cost of rent is $1,467/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. While nearly 25.94% of residents own their homes outright in Oakland, 8.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $11,896 per month. Households that rent pay about 12.33% of their income on rent here. Oakland's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Lakeville, MI: less expensive homes
- Rochester, MI: equally priced homes
- Leonard, MI: less expensive homes
- Lake Orion, MI: less expensive homes
- Washington, MI: less expensive homes
- Oxford, MI: less expensive homes
- Rochester Hills, MI: less expensive homes
- Romeo, MI: less expensive homes
- Auburn Hills, MI: less expensive homes
- Utica, MI: less expensive homes
Cities with Similar Populations
- North Riverside, IL: less expensive homes
- Osprey, FL: higher priced homes
- Oscoda, MI: less expensive homes
- Orlovista, FL: less expensive homes
- Oakland, MD: less expensive homes
- Oakhurst, NJ: higher priced homes
- Oakdale, LA: less expensive homes
- Oak Island, NC: less expensive homes
- North Scituate, RI: less expensive homes
- North Sarasota, FL: less expensive homes
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