There are currently 1,823 real estate properties in Oakland City, IN, with a median automated valuation model (AVM) price of $138,466.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oakland City, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Oakland City, IN, is $154,930.00, with the most expensive house in Oakland City, IN, topping out at $1,025,554.00 and the cheapest home in Oakland City, IN, clocking in at $15,629.00. In other words, there’s something for every potential homebuyer or savvy investor in Oakland City, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oakland City, IN, is on a rollercoaster ride. The average rent price in Oakland City, IN, is $986.00. Indeed, when looking to rent in Oakland City, IN, you can expect to pay as little as $470.00 or as much as $1,960.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Oakland City, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Oakland City is located in Gibson, Indiana, with an estimated municipal population of 2,404 residents. All of the best foreclosed homes for sale in Oakland City are located in the following zip code areas on Foreclosure.com: 47660. The estimated population per square kilometer (.62 miles) in Oakland City is 909.
So, about how much do homes cost in Oakland City? The most recent median value of resident-owned homes in Oakland City is 70,177. An estimated 61.2 percent of households in Oakland City own their homes, with an average family size of 2.99. The median household income in Oakland City is 41,250, with12.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oakland City, the median commute time of resident workers (in minutes) is 24.4. And last, but certainly not least, are you looking for homes to rent in Oakland City? If so, the average rent price paid by renters in Oakland City is 674, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Oakland City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Oakland City is 44.9, split between 50.6 percent male versus 49.4 female. The percentage of residents who report being married in Oakland City is 42.2, with an average family size of 2.99.
The percentage of residents who report their race in Oakland City is as follows:
| White | 95.1% |
| Black / African American | 1.6% |
| Asian | 1% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.9% |
| Other | 1.4% |
Looking for family-friendly neighborhoods in and/or near Oakland City? Or maybe you are searching for 55+ active adult communities in and/or near Oakland City?
The percentage of residents who report their age in Oakland City is as follows:
| Under 10 | 8.5% |
| Aged 10-19 | 15.9% |
| 20s | 12% |
| 30s | 8.5% |
| 40s | 14.4% |
| 50s | 12.8% |
| 60s | 14% |
| 70s | 6.5% |
| 80+ | 7.5% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Oakland City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oakland City.
How do you know that living in -- or moving to -- Oakland City is right where you need to be? Perhaps you grew up in Oakland City or already live nearby; therefore, the decision to buy a home in Oakland City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oakland City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Oakland City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oakland City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oakland City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oakland City, meanwhile, can field multiple offers from more qualified buyers.
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