Oakland Park, Florida Housing Market Prices
Oakland Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 35% above the Florida median$419,914
-
Median rent 8% above the Florida median$1,795
Housing Market Overview
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,914 | $311,338 | $248,835 |
| Price Trend (Annual %) | 21.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,795 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oakland Park is about 35% higher than in Florida. Rent is about 8% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oakland Park, up about 21.8% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Oakland Park rose about 69.1% between 2015 and 2024, from $1,061 to $1,795. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Oakland Park.
Buying the median-priced home in Oakland Park costs roughly 19.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oakland Park. The price-to-rent ratio in Florida is about 15.6.
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,914 | $311,338 | $248,835 |
| Median Household Income | $73,846 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oakland Park rose about 272.1%, while median household income rose about 54.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.4% | 57.7% | 58.5% |
| Rental Rate | 37.4% | 27.7% | 31.2% |
| Vacancy Rate | 10.2% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Oakland Park has a homeownership rate of 52.4%, lower than the Florida average of 57.7%. Its housing vacancy rate is 10.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Oakland Park | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1971 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Oakland Park was built around 1971. On average, 2.6 people live in a home with about 4.5 rooms, staying for about 12.0 years on average.
Oakland Park, FL Housing Compared With Nearby Cities
How Oakland Park, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oakland Park, FL | 45,203 | $419,914 #2/3 | $1,795 #2/3 | 58.4% #1/3 |
| Fort Lauderdale, FL | 179,641 | $572,985 | $1,853 | 53.1% |
| Lauderdale Lakes, FL | 35,781 | $135,206 | $1,666 | 50.3% |
Frequently Asked Questions
Common questions about the housing market in Oakland Park, Florida.
What is the median home price in Oakland Park, Florida?
The median home price in Oakland Park, Florida is $419,914, higher than the Florida average of $311,338.
What is the average home price in Oakland Park, Florida?
The typical home price in Oakland Park, Florida, reported as the median sale price, is $419,914. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oakland Park, Florida?
The median gross rent in Oakland Park, Florida is $1,795 per month, higher than the Florida average of $1,668.
What was the median gross rent in Oakland Park in 2020?
In 2020, the median gross rent in Oakland Park, Florida was $1,280 per month.
What is the price-to-rent ratio in Oakland Park, Florida?
The price-to-rent ratio in Oakland Park, Florida is about 19.5, meaning it would take roughly 19.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oakland Park.
Are home prices or rent rising faster in Oakland Park, Florida?
Both home prices and rent are rising in Oakland Park, up about 21.8% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oakland Park, Florida?
52.4% of households in Oakland Park, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Oakland Park, Florida?
The housing vacancy rate in Oakland Park, Florida is 10.2%, lower than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →