Oakman, AL—35579
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakman, AL
Oakman, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $93,000 | -9.3% |
| Single Family | $93,000 | -10.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oakman, AL
Oakman, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oakman, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakman, AL is 80. This is a decrease of -69.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | 40.0% |
Listing Count | 6 | 122.0% |
| Listings as % of Homes | N/A | 122.0% |
Days on Market | 80 | -69.0% |
Demographics — Oakman, AL
As of the latest ACS Survey released in 2023, Oakman, AL has a population of 3,320, which has decreased by -5.5% over the past 5 years. Oakman, AL is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,320 | -5.5% |
% Under 18 | 20.1% | -18.3% |
% Seniors | 21.1% | 10.5% |
% WFH | 3.2% | 68.4% |
% w/ College Degree | 12.3% | 89.2% |
As of the latest ACS Survey released in 2023, Oakman, AL is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Oakman, AL is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.0% of the population in Oakman, AL, and this percentage has increased by 900.0% 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 | 91.2% | -3.6% |
% Black | 2.6% | -33.3% |
% Hispanic | 4.3% | 760.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | 900.0% |
Mortgage and Risk — Oakman, AL
According to HUD data as of 2023, there were 46 mortgage originations in Oakman, AL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Oakman, AL. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Oakman, AL
Oakman, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 17.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Oakman, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $93,000 |
| Median Household Income | $46,400 |