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Affordable
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These days, finding an affordable place to live in the Oakman area can be challenging. Home prices in Oakman are now at a median cost of $140,068, lower than the Alabama average of $228,911.
The average cost of rent is $481/mo in Oakman, primarily driven by the current value of real estate in the Oakman area. In Oakman, 14.69% of households rent, and 55.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakman is $4,376 per month. Households that rent pay about 11.00% of their income on rent here. Oakman’s most expensive areas are in the southern 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
- Parrish, AL: less expensive homes
- Patton, AL: less expensive homes
- America, AL: less expensive homes
- Townley, AL: less expensive homes
- Goodsprings, AL: less expensive homes
- Boley Springs, AL: higher priced homes
- Gorgas, AL: less expensive homes
- Cordova, AL: less expensive homes
- Corona, AL: higher priced homes
- Pocahontas, AL: less expensive homes
Cities with Similar Populations
- Woodworth, LA: higher priced homes
- Steeleville, IL: equally priced homes
- Surry, VA: higher priced homes
- Thaxton, VA: higher priced homes
- Waldo, AR: less expensive homes
- Wanatah, IN: higher priced homes
- Wonewoc, WI: higher priced homes
- Brighton, AL: less expensive homes
- Bradley, WV: equally priced homes
- Bowling Green, VA: higher priced homes
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