Oakland, TN—38060
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland, TN
As of Oct '25, the median home price in Oakland, TN is $355,000, with a year-over-year change of -0.2%. This indicates that home prices in Oakland, TN are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | -0.2% |
| Single Family | $355,000 | 0.0% |
| 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 | $314,000 | 0.3% |
4 Bed | $385,000 | -0.5% |
| 5 Bed | $439,000 | -1.6% |
% of Housing Stock
Rental Trends — Oakland, TN
As of July '25, Rentcast reports the average rent in Oakland, TN is $2,040, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Oakland, TN is 3-bedrooms: $1,920, 4-bedrooms: $2,180. The most common rental property sizes in Oakland, TN are 3-bedroom and 4-bedroom, accounting for 33.5% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,960 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | $2,240 | $2,180 |
% of Rental Stock
Property Listings — Oakland, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland, TN is 72. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | 2.0% |
Listing Count | 149 | -15.0% |
| Listings as % of Homes | 2.1% | -15.0% |
Days on Market | 72 | 32.0% |
Demographics — Oakland, TN
As of the latest ACS Survey released in 2023, Oakland, TN has a population of 12,400, which has increased by 30.6% over the past 5 years. Oakland, TN is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | 30.6% |
% Under 18 | 19.3% | -13.1% |
% Seniors | 19.8% | 8.8% |
% WFH | 10.2% | 251.7% |
% w/ College Degree | 28.8% | 24.7% |
As of the latest ACS Survey released in 2023, Oakland, TN is a predominantly white area, with 64.5% of the population identifying as white. The white population has shrunk by 24.6% in the last 5 years. The second most common race or ethnicity in Oakland, TN is black, making up 29.8% of the population. Foreign-born residents account for 2.6% of the population in Oakland, TN, and this percentage has increased by 62.5% 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 | 64.5% | -24.6% |
% Black | 29.8% | 170.9% |
% Hispanic | 3.7% | 42.3% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 2.6% | 62.5% |
Mortgage and Risk — Oakland, TN
According to HUD data as of 2023, there were 465 mortgage originations in Oakland, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Oakland, TN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 465 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Oakland, TN
Oakland, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | N/A | N/A | $1,670 |
| 3 Bedroom | $300 | $1,900 | $2,200 |
| 4 Bedroom | $320 | $2,240 | $2,560 |
Affordability — Oakland, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $355,000 |
| Median Household Income | $84,300 |