Oakland, MD is an attractive place to live with a median housing value of $260,300. This is significantly lower than the US median housing value of $338,100. In the past year, housing values have appreciated rapidly in Oakland with an appreciation rate of 17.95%, more than double the national rate of 8.27%. This makes Oakland an ideal location for those looking to invest or purchase real estate as it has shown strong growth potential in recent years.
The median home cost in Oakland is $260,300. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Oakland is up 11.6%.
Average Age of Homes
- The median age of Oakland real estate is 60 years old
The Rental Market in Oakland
- Renters make up 42.4% of the Oakland population
- 1.6% 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.