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City · 12,768 residents · Bergen County, New Jersey

Oakland , New Jersey

In Oakland, a typical home is worth $591,300 and typical rent is $1,383 a month. Compared with all of Bergen County, typical household income is 30% higher, typical rent is 28% lower, and the share of households that own their home is 28 points higher.

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  • Typical home value

    $591,300

    5% below the county

    30% above New Jersey

    • Oakland
    • Bergen
    • New Jersey

  • Typical rent

    $1,383a month

    28% below the county

    20% below New Jersey

    • Oakland
    • Bergen
    • New Jersey

  • Typical household income

    $162,019a year

    30% above the county

    56% above New Jersey

    • Oakland
    • Bergen
    • New Jersey

  • Households that own their home

    93%

    28 points above the county

    29 points above New Jersey

    • Oakland
    • Bergen
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$769,234
7.8% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Oakland is in Bergen County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Bergen County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Oakland apart

What this place has that others do not, from public data, most unusual first.

  1. 93% of households in Oakland own their home, against 65% in Bergen County.

  2. Nearby, in Wanaque, the typical home value is $400,700: 32% less than in Oakland ($591,300).

  3. The typical household income in Oakland is $162,019, 30% more than in Bergen County as a whole ($124,884).

  4. The typical rent in Oakland is $1,383 a month, 28% less than in Bergen County as a whole ($1,914).

  5. According to Zillow, in the 12 months to September 2026 the typical home value in Oakland rose 7.8%; in New Jersey, it rose 4%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Oakland

What homes there are in Oakland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 91% of homes here, against 53% in Bergen County.

Year built

In Oakland, half of the homes were built before 1960; in Bergen County, before 1960.

In Oakland, 84% of homes have 3 bedrooms or more, more than in Bergen County (58%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,422 a month

Bergen County: $3,547 a month

Owners with a mortgage

70%

Bergen County: 62%

The typical cost for an owner with a mortgage in Oakland is $3,422 a month, near the figure in Bergen County ($3,547).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Oakland rose 26%; in Bergen County, it rose 33%.

Rent in Oakland moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOaklandBergen CountyNew JerseyUnited States
Rental vacancy Unreliable estimate3.0%3.5%5.5%
Homeowner vacancy Unreliable estimate0.6%0.7%0.9%
More than one person per room Unreliable estimate3.7%4.0%3.4%
People per household 2.812.682.622.53
Drive alone 70%59%62%69%
Carpool 5%7%8%9%
Public transit 2%10%8%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 22%19%17%15%
Other means Unreliable estimate2%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Bergen County, a household in Oakland has 2.81 people on average.

In Oakland, 22% of workers work from home, more than in Bergen County (19%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Oakland?

A typical home costs more than the typical income allows

We start with a typical home in Oakland, worth $591,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Oakland, which is $162,019 a year. For that payment to be 28% of income, a household would need to earn about $226,019 a year.

The calculator's FHA and conventional loan limits are those of all of Bergen County.

Your numbers

Local data
$

Starts at the typical home value in Oakland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $20,696 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,274

at 7.18% · 30 years

Loan amount
$580,590
Total interest
$835,332
Paid off in
November 2056

Includes $9,986 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,780 a month

  • Tight

    $3,780 to $4,861 a month

  • Hard

    more than $4,861 a month

    Your payment · 39%

Compared with the typical household income in Oakland ($162,019 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,274
Principal & interest$3,933
Property tax$833
Home insurance$246
FHA mortgage insurance (MIP)$262

You need at least $20,696 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Oakland and Bergen County

Oakland is in Bergen County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Oakland's own numbers

Typical home value
$591,300
Typical monthly rent
$1,383
Typical yearly household income
$162,019
Households that own their home
93%
Effective property tax rate
1.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bergen County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,282
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bergen County.

Everything about Bergen County

Buying

Buying a home in Oakland

A typical home in Oakland is worth $591,300: 5% below the county and 30% above New Jersey. With the typical household income in Oakland ($162,019 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Oakland 3.6 years
  • Bergen 5.0 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Bergen County

According to FHFA’s house price index, home prices in Bergen County rose 74% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Bergen County.

Period County New Jersey U.S.
Last year (2025) +6.8% +6.2% +2.9%
5 years (2020–2025) +52% +63% +47%
10 years (2015–2025) +74% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Oakland next to Bergen County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Oakland $591,300
  • Bergen $623,000
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Oakland $1,383
  • Bergen $1,914
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Oakland $162,019
  • Bergen $124,884
  • New Jersey $103,556
  • United States $80,734
See the full table
Oakland next to Bergen County and New Jersey
Measure Oakland Bergen County New Jersey U.S.
Typical home value $591,300 $623,000 $454,400 $332,700
Typical monthly rent $1,383 $1,914 $1,720 $1,413
Typical yearly household income $162,019 $124,884 $103,556 $80,734
Households that own their home 93% 65% 64% 65%
Typical yearly property tax $10,001 $10,001 $9,590 $3,119
Effective property tax rate 1.69% 1.61% 2.11% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bergen County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Oakland

For a typical $591,300 home in Oakland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Oakland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,274a month

    Least cash to close
    Down payment
    $20,696
    Cash to close
    $38,435
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $262

  • Conventional, 5% down $5,165a month

    Down payment
    $29,565
    Cash to close
    $47,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $281

  • Conventional, 20% down, no PMI $4,284a month

    Down payment
    $118,260
    Cash to close
    $135,999
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,830a month

    Down payment
    $88,695
    Cash to close
    $106,434
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Oakland and for Bergen County.

Property tax

Effective rate in Oakland

1.69%of the home’s value each year

$10,001 a year for the typical owner in Oakland.

  • Oakland 1.69%
  • Bergen 1.61%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Bergen County

FEMA does not publish these numbers by city: they are for all of Bergen County.

Homes in the high-risk zone
4%
10,177
Of those, with NFIP insurance
41%
County New Jersey U.S.
Homes in the high-risk zone 4% 6.7% 3.5%
Of those, with NFIP insurance 41% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Oakland

Typical rent in Oakland is $1,383 a month: 28% below the county.

HUD publishes a fair market rent for all of Bergen County, by unit size. To pay the 2-bedroom one ($2,282 a month) without spending more than 30% of your income, you would need to earn $43.88 an hour working full time.

HUD fair market rent for all of Bergen County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,772 $34.08 $70,880
1 bedroom $1,987 $38.21 $79,480
2 bedrooms $2,282 $43.88 $91,280
3 bedrooms $2,771 $53.29 $110,840
4 bedrooms $3,497 $67.25 $139,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Oakland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Oakland is in ZIP code 07436.

For 2 bedrooms it is $2,110: $172 less than the fair market rent for Bergen County ($2,282).

  • 07436 $2,110$2,570

A ZIP code counts for Oakland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Oakland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Bergen County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Oakland

No down payment, repair or rent-help program on our list is for Oakland or Bergen County. The ones below are statewide in New Jersey: they work in Oakland the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Oakland

The HUD-approved agencies closest to the center of Oakland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Authority of the City of Paterson

    60 Van Houten St, Paterson · 9 miles away

    • Budget and financial counseling
    • Pre-purchase counseling
    • and 1 more
    (973) 345-5085

  • Paterson Task Force for Community Action, Inc

    191 Market St, Paterson · 9 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    973-279-2333-135

  • Fair Housing Council of Northern New Jersey

    131 Main St Ste 140, Hackensack · 15 miles away

    • Mortgage delinquency and default
    • Fair housing pre-purchase workshops
    • and 2 more
    (201) 489-3552

Every agency in Bergen County All counseling agencies in New Jersey

Help in Spanish near Oakland

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Oakland

HUD’s record names them for Oakland or Bergen County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Bergen County Section 8 vouchers (201) 336-7600

6 other authorities have an office in Bergen County: see the list Source: HUD

Cities

Other cities in Bergen County

These cities are also in Bergen County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Bergen County Housing in New Jersey
See 38 more cities in Bergen County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Oakland, with the typical home value.

Neighboring counties

If Bergen County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Oakland.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Oakland

Short answers with the numbers for Oakland and all of Bergen County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Oakland?

The typical home value in Oakland is $591,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bergen County it is $623,000.

How much does it cost to rent in Oakland?

Typical rent in Oakland is $1,383 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bergen County is $2,282.

What is the FHA loan limit in Oakland?

Oakland uses the FHA limit for all of Bergen County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Oakland?

The typical homeowner in Oakland pays $10,001 a year, according to the U.S. Census Bureau. That is 1.69% of the home’s value; in Bergen County, the rate is 1.61%.

Where can I find free help to buy or rent in Oakland?

There are 2 HUD-approved counseling agencies with an office in Bergen County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).