Oakland, ME—04963
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland, ME
As of Oct '25, the median home price in Oakland, ME is $332,000, with a year-over-year change of 0.5%. This indicates that home prices in Oakland, ME are flat. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $332,000 | 0.5% |
| Single Family | $333,000 | 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 | $300,000 | 1.4% |
3 Bed | $333,000 | 0.9% |
4 Bed | $397,000 | 0.3% |
| 5 Bed | $448,000 | 0.9% |
% of Housing Stock
Rental Trends — Oakland, ME
As of July '25, Rentcast reports the average rent in Oakland, ME is $1,470, with a year-over-year rent change of 60.5%. Per bedroom, the median rent as of July '25 in Oakland, ME is studios: $1,400, 2-bedrooms: $1,500, 3-bedrooms: $1,500. The most common rental property sizes in Oakland, ME are 2-bedroom and 1-bedroom, accounting for 51.3% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,470 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oakland, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland, ME is 71. This is a decrease of -17.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $510,000 | -19.0% |
Listing Count | 29 | -14.0% |
| Listings as % of Homes | 0.2% | -14.0% |
Days on Market | 71 | -17.0% |
Demographics — Oakland, ME
As of the latest ACS Survey released in 2023, Oakland, ME has a population of 7,380, which has increased by 1.6% over the past 5 years. Oakland, ME is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,380 | 1.6% |
% Under 18 | 23.0% | 15.0% |
% Seniors | 21.3% | 10.4% |
% WFH | 9.9% | 115.2% |
% w/ College Degree | 24.4% | -8.6% |
As of the latest ACS Survey released in 2023, Oakland, ME is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Oakland, ME is asian, making up 1.2% of the population. Foreign-born residents account for 2.0% of the population in Oakland, ME, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.5% | -4.2% |
% Black | 0.1% | 0.0% |
% Hispanic | 1.0% | 400.0% |
% Asian | 1.2% | 71.4% |
% Foreign Born | 2.0% | -9.1% |
Mortgage and Risk — Oakland, ME
According to HUD data as of 2023, there were 117 mortgage originations in Oakland, ME, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Oakland, ME. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Oakland, ME
Oakland, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | -$290 | $1,500 | $1,210 |
| 3 Bedroom | $20 | $1,500 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Oakland, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $332,000 |
| Median Household Income | $73,600 |