Quick facts: Oakland park, FL

Quick Facts

107.5
Cost of Living
above US average
43,824
Population
42.69
Crime Rate per 1000
above US average
$64,989
Median Income
below US average
$520,000
Median House Price
above US average
$2141
Average Rent
above US average
14%
Poverty Rate
above US average
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $64,989.

🏠

Income Needed to Buy

βœ— Stretch
$163k/year
Based on $520,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $163k vs median $64,989
🏒

Income Needed to Rent

⚠ Stretch
$92k/year
Based on $2141/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $92k vs median $64,989
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oakland park, FL

Oakland Park is a vibrant city located in Broward County, Florida, just north of Fort Lauderdale. Known for its rich diversity and a strong sense of community, the city offers a unique blend of suburban charm and urban amenities. Oakland Park features lush parks and recreational facilities, including the popular Oak Lake Park and Jaco Pastorius Park, which provide residents with opportunities for outdoor activities, picnicking, and sports. The city is also recognized for its developing arts scene, evident in its art galleries, street art, and cultural events. With a variety of dining options ranging from local eateries to international cuisine, food enthusiasts will find plenty to explore. Oakland Park's strategic location near major highways allows for easy access to nearby beaches, shopping centers, and the bustling nightlife of Fort Lauderdale. The city also hosts a weekly farmers' market, encouraging local agriculture and community engagement. Overall, Oakland Park stands out as a dynamic place to live, work, and play in Southeast Florida.

πŸ” Search & Compare Places

First Location πŸ“