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Oakland, IL Real Estate


According to census data in the year 2000 there were 435 housing units in Oakland. This represents a 6.3% decline from 464 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 435 were located in what is classified as a rural area.

Homeownership rate in Oakland is about 81.9%. Oakland's vacancy rate, including seasonal lodging, is about 4.6%. Average household size is 2.35 people.

The majority of houses, apartments or condos in Oakland were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom4.60%
Two Bedrooms40.20%
Three Bedrooms43.70%
Four Bedrooms9.90%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1948
Median Value of occupied units$53,800
Median Price asked for vacant units$52,500

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1968

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.90%
Home Equity Loan1.90%
Simple Mortgage44.80%
Debt Free51.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%