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 Type | 0.70% |
| One Bedroom | 4.60% |
| Two Bedrooms | 40.20% |
| Three Bedrooms | 43.70% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $53,800 |
| Median Price asked for vacant units | $52,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1968 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.90% |
| Home Equity Loan | 1.90% |
| Simple Mortgage | 44.80% |
| Debt Free | 51.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
