The housing market in Oakland, ME is strong, as evidenced by the median value of homes being $285,600. This is significantly lower than the US median home value of $338,100; however, the appreciation rate for Oakland is stronger than the national average. Home prices have increased 16.46% in the past year compared to only 8.27% for the US as a whole. This indicates that Oakland has had a healthy real estate market over the past year and remains an attractive option for potential home buyers and investors alike.
The median home cost in Oakland is $285,600. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Oakland is up 20.6%.
Average Age of Homes
- The median age of Oakland real estate is 36 years old
The Rental Market in Oakland
- Renters make up 25.1% of the Oakland population
- 2.1% of houses and apartments in Oakland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.