Oakland, TN Foreclosures
How much do homes sell for in Oakland, TN?
The average home price is currently $340,348.
What’s the average rental cost in Oakland, TN?
The average rental price in Oakland is $1,595.
What is the most expensive home in Oakland?
The most expensive home sold in Oakland had a price of $8,028,785.
What is currently the cheapest priced home in Oakland, TN?
The cheapest home for sale in Oakland is priced at $12,244.
Living in Oakland, TN
Oakland, TN, is a vibrant suburban community just northeast of Memphis that offers a friendly atmosphere, excellent schools, and ample recreational opportunities. Its residents enjoy quick access to urban amenities while being surrounded by nature and a strong community spirit. With various parks and family-oriented activities, Oakland is perfect for those seeking a balanced lifestyle.
Current Market Conditions in Oakland, TN
The real estate market in Oakland, TN, is currently experiencing significant growth, driven by an influx of new residents attracted by the town's excellent reputation for schools and quality of life. Home prices have been on the rise, reflecting the increasing demand for housing, though they remain comparatively lower than nearby Memphis. Many homes in the area feature spacious yards, which continues to be a major draw for families.
As of the last few months, Oakland's housing market has shown trends of increasing listings and quicker sales, indicating a competitive environment. Potential buyers should be prepared for bidding wars, especially on well-priced homes in desirable neighborhoods.
Home Value Estimator For Oakland, TN
There are currently 6,479 real estate properties
in Oakland, TN,
with a median automated valuation model (AVM) price
of $330,326.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Oakland, TN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Oakland, TN,
is $340,348.00, with the most expensive house
in Oakland, TN, topping out
at $8,028,785.00 and the cheapest home
in Oakland, TN,
clocking in at $12,244.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Oakland, TN!
Rent Prices
In Oakland, TN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Oakland, TN, is on
a rollercoaster ride. The
average rent price in Oakland, TN,
is $1,595.00. Indeed, when looking to rent in
Oakland, TN, you can expect to pay as little
as $560.00 or as much
as $3,890.00,
with the average rent median estimated to
be $1,560.00. The good news is that finding
an affordable and desirable property to rent in Oakland, TN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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