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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 $594,064, higher than the New Jersey average of $496,577.
The average cost of rent is $1,475/mo in Oakland, primarily driven by the current value of real estate in the Oakland area. In Oakland, 7.13% of households rent, and 30.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakland is $14,281 per month. Households that rent pay about 10.33% of their income on rent here. Oakland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Franklin Lakes, NJ: higher priced homes
- Wanaque, NJ: less expensive homes
- Pompton Lakes, NJ: less expensive homes
- Wyckoff, NJ: higher priced homes
- Ringwood, NJ: less expensive homes
- Ramsey, NJ: higher priced homes
- North Haledon, NJ: equally priced homes
- Mahwah, NJ: higher priced homes
- Allendale, NJ: higher priced homes
- Riverdale, NJ: less expensive homes
Cities with Similar Populations
- Bangor, PA: less expensive homes
- Advance, NC: less expensive homes
- Alcoa, TN: less expensive homes
- Allegan, MI: less expensive homes
- Alma, AR: less expensive homes
- Alma, MI: less expensive homes
- Amherst, NH: less expensive homes
- Angeles, PR: less expensive homes
- Ball Ground, GA: less expensive homes
- Babylon, NY: higher priced homes
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