Oakland, NJ—07436
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland, NJ
As of Oct '25, the median home price in Oakland, NJ is $728,000, with a year-over-year change of 3.0%. This indicates that home prices in Oakland, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $728,000 | 3.0% |
| Single Family | $730,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $568,000 | 4.0% |
3 Bed | $702,000 | 3.8% |
4 Bed | $870,000 | 5.6% |
| 5 Bed | $1,061,000 | 6.4% |
% of Housing Stock
Rental Trends — Oakland, NJ
As of July '25, Rentcast reports the average rent in Oakland, NJ is $4,200, with a year-over-year rent change of -18.0%. Per bedroom, the median rent as of July '25 in Oakland, NJ is 1-bedrooms: $1,980, 2-bedrooms: $2,450, 3-bedrooms: $6,380, 4-bedrooms: $6,200. The most common rental property sizes in Oakland, NJ are 3-bedroom and 2-bedroom, accounting for 28.3% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $4,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,980 |
| 2 Bed Rent | $2,400 | $2,450 |
| 3 Bed Rent | $5,250 | $6,380 |
| 4 Bed Rent | $4,400 | $6,200 |
% of Rental Stock
Property Listings — Oakland, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland, NJ is 17. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $775,000 | 6.0% |
Listing Count | 27 | -43.0% |
| Listings as % of Homes | 0.4% | -43.0% |
Days on Market | 17 | -34.0% |
Demographics — Oakland, NJ
As of the latest ACS Survey released in 2023, Oakland, NJ has a population of 12,700, which has decreased by -2.6% over the past 5 years. Oakland, NJ is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 54.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | -2.6% |
% Under 18 | 21.8% | -11.4% |
% Seniors | 17.2% | 13.2% |
% WFH | 18.3% | 165.2% |
% w/ College Degree | 54.4% | 7.5% |
As of the latest ACS Survey released in 2023, Oakland, NJ is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Oakland, NJ is hispanic, making up 11.7% of the population. Foreign-born residents account for 14.4% of the population in Oakland, NJ, and this percentage has increased by 9.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.3% | -6.1% |
% Black | 1.3% | -35.0% |
% Hispanic | 11.7% | 85.7% |
% Asian | 3.4% | -46.9% |
% Foreign Born | 14.4% | 9.1% |
Mortgage and Risk — Oakland, NJ
According to HUD data as of 2023, there were 238 mortgage originations in Oakland, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Oakland, NJ. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Oakland, NJ
As of 2024, the percent of homes in Oakland, NJ under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Oakland, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,850 | $2,000 |
| 2 Bedroom | -$110 | $2,400 | $2,290 |
| 3 Bedroom | -$2,430 | $5,250 | $2,820 |
| 4 Bedroom | -$840 | $4,400 | $3,560 |
Affordability — Oakland, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $728,000 |
| Median Household Income | $163,000 |