Home Price Key
Affordable
Average
Expensive
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 $111,394, lower than the Michigan average of $196,062.
The average cost of rent is $649/mo in Oakwood, primarily driven by the current value of real estate in the Oakwood area. While nearly 40.52% of residents own their homes outright in Oakwood, 29.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Oakwood is $4,793 per month. Households that rent pay about 13.54% of their income on rent here. Oakwood's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- White Pigeon, MI: higher priced homes
- Constantine, MI: higher priced homes
- Vistula, IN: higher priced homes
- Scott, IN: higher priced homes
- Middlebury, IN: higher priced homes
- Union, MI: higher priced homes
- Jones, MI: higher priced homes
- Shipshewana, IN: higher priced homes
- Bristol, IN: higher priced homes
- Nibbyville, IN: higher priced homes
Cities with Similar Populations
- Reddell, LA: less expensive homes
- Moomaw Corner, NE: higher priced homes
- Moore Station, TX: higher priced homes
- Morgan, MO: higher priced homes
- Morley, IA: higher priced homes
- Moulton, OH: higher priced homes
- Mount Baldy, CA: higher priced homes
- Mount Hebron, AL: less expensive homes
- Raymond, SD: higher priced homes
- Reading, MN: higher priced homes
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