Oakland, IA—51560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland, IA
As of Oct '25, the median home price in Oakland, IA is $215,000, with a year-over-year change of 0.5%. This indicates that home prices in Oakland, IA are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 0.5% |
| Single Family | $215,000 | 0.9% |
| 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 | $231,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oakland, IA
Oakland, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oakland, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland, IA is 34. This is a decrease of -70.0% 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 | $300,000 | 75.0% |
Listing Count | 5 | 64.0% |
| Listings as % of Homes | N/A | 64.0% |
Days on Market | 34 | -70.0% |
Demographics — Oakland, IA
As of the latest ACS Survey released in 2023, Oakland, IA has a population of 1,900, which has decreased by -10.8% over the past 5 years. Oakland, IA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,900 | -10.8% |
% Under 18 | 24.1% | -5.9% |
% Seniors | 18.6% | 20.0% |
% WFH | 8.4% | 265.2% |
% w/ College Degree | 20.7% | -14.8% |
As of the latest ACS Survey released in 2023, Oakland, IA is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Oakland, IA is hispanic, making up 10.0% of the population. Foreign-born residents account for 9.0% of the population in Oakland, IA, and this percentage has increased by 66.7% 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 | 83.5% | -4.0% |
% Black | 0.1% | 0.0% |
% Hispanic | 10.0% | 9.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 9.0% | 66.7% |
Mortgage and Risk — Oakland, IA
According to HUD data as of 2023, there were 59 mortgage originations in Oakland, IA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Oakland, IA. Investor activity is low, as 0.0% 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 | 59 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Oakland, IA
Oakland, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | $10 | $1,400 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Oakland, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $215,000 |
| Median Household Income | $71,400 |