Oakland, MD housing market
The typical Oakland home is worth about $282,000, up 1.3% in a year, 34% below the Maryland typical home.
Home values, sales, trends and how Oakland compares with the towns next door — updated as new data is published.
Oakland at a glance
Typical home value, 2016–2026
Show as a table
| January | Oakland | Maryland |
|---|---|---|
| 2017 | $192,000 | $290,000 |
| 2018 | $189,000 | $301,000 |
| 2019 | $189,000 | $310,000 |
| 2020 | $200,000 | $322,000 |
| 2021 | $217,000 | $349,000 |
| 2022 | $259,000 | $384,000 |
| 2023 | $264,000 | $398,000 |
| 2024 | $273,000 | $412,000 |
| 2025 | $283,000 | $427,000 |
| 2026 | $279,000 | $429,000 |
| August 2026 | $282,000 | $428,000 |
Oakland and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Oakland | $282K | +1.3% | $1,010 | $53,289 |
| Mountain Lake Park | — | +2.8%† | $1,010 | $60,875 |
† FHFA price index change, where Zillow has no home value for the town.
5.3 years of income
The typical Oakland home costs about 5.3 years of the town's median household income, more than across Maryland (4.1 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Oakland is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Oakland pay a median of $670, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $880 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (21550; Garrett County, MD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.