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Affordable
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These days, finding an affordable place to live in the Oakwood area can be challenging. Home prices in Oakwood are now at a median cost of $177,248, lower than the Iowa average of $226,062.
The average cost of rent is $754/mo in Oakwood, primarily driven by the current value of real estate in the Oakwood area. In Oakwood, 18.27% of households rent, and 50.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakwood is $6,893 per month. Households that rent pay about 10.94% of their income on rent here. Oakwood’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Marble Rock, IA: higher priced homes
- Dougherty, IA: equally priced homes
- Greene, IA: less expensive homes
- Rockford, IA: less expensive homes
- Aredale, IA: less expensive homes
- Cartersville, IA: higher priced homes
- Bristow, IA: less expensive homes
- Powersville, IA: higher priced homes
- Dumont, IA: less expensive homes
- Rudd, IA: less expensive homes
Cities with Similar Populations
- Vinson, OK: equally priced homes
- Cedar Mills, MN: higher priced homes
- Cedarvale, NM: less expensive homes
- Centerville, AL: less expensive homes
- Cerro Gordo, TN: higher priced homes
- Chatham, MS: less expensive homes
- Chefornak, AK: less expensive homes
- Chignik Lagoon, AK: higher priced homes
- Twin Creek, AR: equally priced homes
- Ulster Landing, NY: higher priced homes
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