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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Oakland, TN Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Oakland, TN Housing Market Trends

With 10,028 people, 3,467 houses or apartments, and a median cost of homes of $334,442, Oakland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oakland, accounting for 99.07% 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 89.73% of Oakland's homes, and 92.56% 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. 71.87% 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 ( 22.96%), and between 1940-1969 ( 4.78%).

Oakland Home Appreciation Rates

Appreciation rates for homes in Oakland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.38%, which ranks in the top 50% nationwide. This equates to an annual average Oakland house appreciation rate of 6.37%.

Over the last year, Oakland appreciation rates have trailed the rest of the nation. In the last twelve months, Oakland's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakland were at -1.15%, which equates to an annual appreciation rate of -4.52%.

Notably, Oakland's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$334,442

Oakland, TN Home Prices
> $1,340,000
$1,005,001 - $1,340,000
$670,001 - $1,005,000
$536,001 - $670,000
$402,001 - $536,000
$268,001 - $402,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.2%
0.2%
1.1%
1.1%
5.9%
5.9%
12.7%
12.7%
21.9%
21.9%
30.7%
30.7%
20.5%
20.5%
3.4%
3.4%
3.6%
3.6%
0% 100.0%
% of Homes
High

for Tennessee

High

for nation

Number of Homes And Apartments:

3,467

Oakland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,943 / per month

Homeownership Rate

Owners
Renters
89.7%
89.7%
10.3%
10.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.9%
1.9%
98.1%
98.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
71.9%
71.9%
23.0%
23.0%
4.8%
4.8%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
99.1%
99.1%
0.6%
0.6%
0.0%
0.0%
0.3%
0.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.3%
0.3%
2.0%
2.0%
54.0%
54.0%
38.6%
38.6%
5.1%
5.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Oakland

Zip Codes in Oakland, TN