Oakland City, IN has seen a remarkable surge in housing values over the past year, with a 16.17% appreciation rate compared to the national average of 8.27%. This means that Oakland City homes have gained more than eight times the value of their US counterparts. The median housing value in Oakland City is currently $130,900, significantly lower than the US median of $338,100. Consequently, Oakland City remains an attractive option for those looking for affordable housing and a higher rate of return on investment.
The median home cost in Oakland City is $130,900. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Oakland City is up 16.1%.
Average Age of Homes
- The median age of Oakland City real estate is 54 years old
The Rental Market in Oakland City
- Renters make up 35.7% of the Oakland City population
- 1.6% of houses and apartments in Oakland City, 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.