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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 21.80% |
| Two Bedrooms | 21.90% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 14.90% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $88,400 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.8 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $240 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 6% |
| Simple Mortgage | 36.20% |
| Debt Free | 52.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
