Oildale, CA is a great place for housing investment. The median value of a house in Oildale is $242,800, which is significantly lower than the US House median value of $338,100. However, the 1 year house appreciation rate in Oildale is 11.35%, compared to 8.27% nationally. This indicates that housing values are increasing at a faster rate in Oildale than any other part of the United States. Overall, Oildale's housing market offers potential investors a chance to get into the market with lower prices and higher returns.
The median home cost in Oildale is $242,800. Home appreciation the last 10 years has been 128.8%. Home Appreciation in Oildale is up 17.0%.
Average Age of Homes
- The median age of Oildale real estate is 50 years old
The Rental Market in Oildale
- Renters make up 53.0% of the Oildale population
- 2.9% of houses and apartments in Oildale, 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.