Oakland, MI—48363
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Oakland, MI
Home Price Trends — Oakland, MI
As of Oct '25, the median home price in Oakland, MI is $677,000, with a year-over-year change of 4.0%. This indicates that home prices in Oakland, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $677,000 | 4.0% |
| Single Family | $639,000 | 3.7% |
| Condos | $802,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | 3.7% |
3 Bed | $472,000 | 4.2% |
4 Bed | $777,000 | 3.6% |
| 5 Bed | $952,000 | 3.3% |
% of Housing Stock
Rental Trends — Oakland, MI
As of July '25, Rentcast reports the average rent in Oakland, MI is $3,450, with a year-over-year rent change of -27.4%. Per bedroom, the median rent as of July '25 in Oakland, MI is 3-bedrooms: $3,450. The most common rental property sizes in Oakland, MI are 2-bedroom and 3-bedroom, accounting for 67.1% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,450 | $3,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oakland, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland, MI is 73. This is a increase of 33.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | -4.0% |
Listing Count | 36 | -8.0% |
| Listings as % of Homes | 1.8% | -8.0% |
Days on Market | 73 | 33.0% |
Demographics — Oakland, MI
As of the latest ACS Survey released in 2023, Oakland, MI has a population of 7,430, which has increased by 16.0% over the past 5 years. Oakland, MI is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 58.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,430 | 16.0% |
% Under 18 | 27.8% | 1.8% |
% Seniors | 12.5% | -9.4% |
% WFH | 20.8% | 271.4% |
% w/ College Degree | 58.6% | 26.6% |
As of the latest ACS Survey released in 2023, Oakland, MI is a predominantly white area, with 91.3% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Oakland, MI is asian, making up 3.7% of the population. Foreign-born residents account for 10.3% of the population in Oakland, MI, and this percentage has increased by 10.8% 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 | 91.3% | 4.2% |
% Black | 0.5% | 400.0% |
% Hispanic | 3.4% | -10.5% |
% Asian | 3.7% | -51.9% |
% Foreign Born | 10.3% | 10.8% |
Mortgage and Risk — Oakland, MI
According to HUD data as of 2023, there were 100 mortgage originations in Oakland, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Oakland, MI. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Oakland, MI
Oakland, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,130 |
| 2 Bedroom | N/A | N/A | $1,430 |
| 3 Bedroom | -$1,690 | $3,450 | $1,760 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Oakland, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $677,000 |
| Median Household Income | $173,000 |