Oakland, NJ Real Estate

According to census data in the year 2000 there were 4,345 housing units in Oakland. This represents a 8.1% growth from 4,019 in 1990.

Of those housing units, 3,957 were located in either urbanized areas or urban clusters, and 388 were located in what is classified as a rural area.

Homeownership rate in Oakland is about 93.2%. Oakland's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 2.88 people.

The majority of houses, apartments or condos in Oakland were built after 1958.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom3.40%
Two Bedrooms12.30%
Three Bedrooms50.10%
Four Bedrooms28.70%
Five Bedrooms or more5.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1959
Median Value of occupied units$245,300
Median Price asked for vacant units$308,300

Rented Homes, Apartments and Condos

Average Household Size2.89
Median year structure was built1953
Median Monthly Rent asked for vacant units$1,125

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage7.30%
Home Equity Loan12.20%
Simple Mortgage57%
Debt Free22.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21.8%