Oakland, MD Real Estate

According to census data in the year 2000 there were 930 housing units in Oakland. This represents a 19.7% growth from 777 in 1990.

Of those housing units, 844 were located in either urbanized areas or urban clusters, and 86 were located in what is classified as a rural area.

Homeownership rate in Oakland is about 52.5%. Oakland's vacancy rate, including seasonal lodging, is about 15.1%. Average household size is 2.11 people.

The majority of houses, apartments or condos in Oakland were built after 1957.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom21.80%
Two Bedrooms21.90%
Three Bedrooms37.40%
Four Bedrooms14.90%
Five Bedrooms or more3.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1956
Median Value of occupied units$88,400
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.8
Median year structure was built1958
Median Monthly Rent asked for vacant units$240

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan6%
Simple Mortgage36.20%
Debt Free52.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%