Five Oaks renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Five Oaks is about $1,603 per month. This puts it in the 70th percentile compared to the city average cost of rent, which is $1,595. Households in Five Oaks have a median income of $8,140 per month so the average renter in Five Oaks is spending roughly 20% of their earnings on housing.
Nationally, and in Five Oaks, home values are the data point most closely correlated with the cost of rent. The median price of a home in Five Oaks is $485,099 right now, which is higher than nearby neighborhoods, meaning that rents in Five Oaks also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Five Oaks while lower rent rates are often available in southwestern areas.
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