Oakland, MS has a median housing value of $112,400, which is significantly lower than the US median home value of $338,100. This gap in values reflects the relative affordability of housing in Oakland when compared to other parts of the country. However, despite its relatively low price point, Oakland's rate of house appreciation over the past year was a healthy 12.50%, significantly higher than the 8.27% increase across the United States as a whole. This suggests that Oakland could be an excellent location for potential buyers to invest in property and take advantage of the positive trend in housing prices.
The median home cost in Oakland is $112,400. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Oakland is up 14.5%.
Average Age of Homes
- The median age of Oakland real estate is 41 years old
The Rental Market in Oakland
- Renters make up 25.0% of the Oakland population
- 5.4% 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.