Oakland, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Oakland Neighborhoods Since 2000




Oakland, TN 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 7,488 people, 2,817 houses or apartments, and a median cost of homes of $189,032, Oakland real estate is some of the most expensive in Tennessee, although Oakland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Oakland, accounting for 97.59% of the town's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oakland. Owner-occupied housing accounts for 93.36% of Oakland's homes, and 93.37% have either three or four bedrooms, which is average sized relative to America.

Oakland homes and real estate are some of the newest in America. 77.03% of Oakland's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Oakland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 20.76%), and before 1939 ( 1.16%). There's also some housing in Oakland built between 1940-1969 ( 1.05%).

Oakland Home Appreciation Rates

Real estate appreciation rates in Oakland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, Oakland's appreciation rate, at 3.49%, has been at or slightly above the national average. In the latest quarter, Oakland's appreciation rate has been 0.35%, which annualizes to a rate of 1.41%.

Relative to Tennessee, our data show that Oakland's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$189,032

Oakland, TN HOME PRICES

Value Range
> $1,087,000 0.3
$815,001 - $1,087,000 0.1
$544,001 - $815,000 1.6
$435,001 - $544,000 2.4
$326,001 - $435,000 6.0
$217,001 - $326,000 31.0
$109,001 - $217,000 45.6
$54,001 - $109,000 9.7
$0 - $54,000 3.4

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
35.1634829485527 13.5204081632653

Number Of Homes And Apartments:
2,817

Oakland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
15.30% 0.83% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,493 / per month

Homeownership Rate

Homeownership
Owners 93.36
Renters 6.64
Vacant 4.28

Housing Market Details

 

Age of Homes

AGE OF Oakland HOMES
2000 or Newer 77.0
1970 - 1999 20.8
1940 - 1969 1.1
1939 or Older 1.2

Types of Homes

TYPE OF Oakland HOMES
Single-Family 97.6
Townhomes 0.9
Small Apt. Buildings 0.5
Apt. Complexes 0.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Oakland HOMES
No Bedroom 0.00
1 Bedroom 1.26
2 Bedrooms 1.63
3 Bedrooms 65.78
4 Bedrooms 27.59
5 or more bedrooms 3.74