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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 $279,296, lower than the Tennessee average of $315,131.
The average cost of rent is $1,412/mo in Oakwood, primarily driven by the current value of real estate in the Oakwood area. In Oakwood, 18.25% of households rent, and 31.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oakwood is $8,781 per month. Households that rent pay about 16.08% of their income on rent here. Oakwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Needmore, TN: equally priced homes
- Woodlawn, TN: equally priced homes
- Indian Mound, TN: less expensive homes
- Legate, TN: less expensive homes
- Throckmorton, TN: less expensive homes
- Palmyra, TN: higher priced homes
- Wyatts Chapel, TN: less expensive homes
- Fort Campbell, TN: equally priced homes
- Round Pond, TN: less expensive homes
- Lafayette, KY: less expensive homes
Cities with Similar Populations
- Wemple, LA: less expensive homes
- Clarmin, IL: less expensive homes
- Cleator, AZ: higher priced homes
- Clines Island, MO: less expensive homes
- Clinton, NE: less expensive homes
- Watkins, TN: less expensive homes
- Weatherby, OR: less expensive homes
- Wegra, AL: less expensive homes
- Wellford, VA: less expensive homes
- Christina, MT: less expensive homes
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