Oakland Park, Florida Real Estate & Housing Market

Oakland Park, FL Listings

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Oakland Park Housing Information

Index	Oakland Park	Florida	National
Median home price	$163,700	$166,800	$184,700
Median rent asked	$1,115	$1,032	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	52.9%	64.8%	63.6%
Renter occupied households	47.1%	35.2%	36.4%

Above, you will see a summary of real estate in Oakland Park, FL. On average, homes in Oakland Park, FL cost $163,700, a value that is 2% lower than the average in Florida. In general terms, this results in Oakland Park, FL real estate being more affordable than Florida real estate. On average, people who rent houses in Oakland Park, FL pay $1,115; this value is 8% higher than the average amount renters pay in Florida. 52.9% of Oakland Park, FL residents own their own homes and, on average, each of the homes has 2.6 occupants. Oakland Park, FL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Oakland Park, FL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Oakland Park Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Oakland Park, FL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Oakland Park, FL’s median home price stands at $163,700 while $46,447 is the value of the average household income. The resulting home price to income ratio, which is 3.5x, differs from the Florida average as the ratio is 3% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Oakland Park, FL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Oakland Park, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Pembroke Park, FL	6,259	$68,600	63%
Watergate, FL	3,527	$74,000	60%
Franklin Park, FL	1,039	$86,300	53%
Lauderdale Lakes, FL	34,321	$93,400	49%
Lauderhill, FL	70,452	$103,700	44%
Oakland Park, FL	43,660	$163,700	11%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lompoc, CA	43,678	$250,300	36%
Pittsfield, MA	43,632	$170,900	7%
El Centro, CA	43,699	$164,900	11%
North Miami Beach, FL	43,722	$155,500	16%
Danville, CA	43,758	$919,500	398%
Oakland Park, FL	43,660	$163,700	11%

Source: The Oakland Park, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).