Oakland, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oakland Neighborhoods Since 2000




Oakland, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Oakland Housing Market Information

With a population of 1,875, 920 total housing units (homes and apartments), and a median house value of $178,677, Oakland real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Oakland homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Oakland, accounting for 54.38% of the town's housing units. Other types of housing that are prevalent in Oakland include large apartment complexes or high rise apartments ( 26.52%), duplexes, homes converted to apartments or other small apartment buildings ( 13.48%), and a few mobile homes or trailers ( 4.02%).

People in Oakland primarily live in small (one, two or no bedroom) single-family detached homes. Oakland has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Oakland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Oakland built before 1939 ( 31.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.36%). There's also some housing in Oakland built between 2000 and later ( 10.54%).

Vacant housing appears to be an issue in Oakland. Fully 17.86% of the housing stock is classified as vacant. Left unchecked, vacant Oakland homes and apartments can be a drag on the real estate market, holding Oakland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Oakland Home Appreciation Rates

Oakland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oakland during the period has been just -0.91%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Oakland's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Oakland's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Maryland, our data show that Oakland's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$178,677

Oakland, MD HOME PRICES

Value Range
> $1,028,000 1.0
$771,001 - $1,028,000 0.0
$514,001 - $771,000 0.3
$411,001 - $514,000 1.5
$308,001 - $411,000 7.2
$205,001 - $308,000 23.1
$103,001 - $205,000 45.2
$51,001 - $103,000 12.0
$0 - $51,000 9.8

Very Low for MD
High for Nation

Value Relative to Nation Value Relative to State
38.5913512246572 81.2977099236641

Number Of Homes And Apartments:
920

Oakland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.93% 2.76% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$947 / per month

Homeownership Rate

Homeownership
Owners 43.55
Renters 56.45
Vacant 17.86

Housing Market Details

 

Age of Homes

AGE OF Oakland HOMES
2000 or Newer 10.5
1970 - 1999 37.7
1940 - 1969 20.4
1939 or Older 31.4

Types of Homes

TYPE OF Oakland HOMES
Single-Family 54.4
Townhomes 1.6
Small Apt. Buildings 13.5
Apt. Complexes 26.5
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Oakland HOMES
No Bedroom 5.00
1 Bedroom 19.46
2 Bedrooms 28.39
3 Bedrooms 35.18
4 Bedrooms 10.45
5 or more bedrooms 1.52

Popular Neighborhoods in Oakland

Zip Codes in Oakland, MD