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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 $187,699, lower than the Minnesota average of $345,793.
The average cost of rent is $870/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 7.19% of households rent, and 47.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $6,788 per month. Households that rent pay about 12.82% of their income on rent here. Oakland’s most expensive areas are in the northern 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
- Albert Lea, MN: less expensive homes
- Bancroft, MN: higher priced homes
- Hayward, MN: equally priced homes
- Twin Lakes, MN: higher priced homes
- Glenville, MN: equally priced homes
- Petran, MN: equally priced homes
- Clarks Grove, MN: higher priced homes
- Manchester, MN: higher priced homes
- Conger, MN: higher priced homes
- Hollandale, MN: higher priced homes
Cities with Similar Populations
- Ozone, TN: equally priced homes
- Rachal, TX: less expensive homes
- Quinn, SD: less expensive homes
- Quincy, TN: less expensive homes
- Quecreek, PA: equally priced homes
- Quaker, WV: less expensive homes
- Putnam, AL: less expensive homes
- Purvis, NC: less expensive homes
- Portersburg, KY: less expensive homes
- Raeville, NE: less expensive homes
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