HomeMarylandGarrett CountyOakland town
Oakland town, Maryland: commercial real estate data.
Oakland town is a Census town of 2,254 people across 2.71 square miles of land, in Garrett County. Median household income is $53,289, 47.5 percent of occupied homes are owned, and the SBA record carries 22 7(a) approvals to borrowers here worth $3.2 m.
76 sourced place values · tier FULL · 8 sections
Oakland
What Oakland is
- Census place typetown
- Land area2.71 sq mi
- Water area0.01 sq mi
- Population per square mile of land831 plus or minus 174
- County holding the largest share of its areaGarrett County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakland
How many people live in Oakland
- Population2,254 plus or minus 472
- Median age51.1
- Population under 18397 plus or minus 136
- Share under 1817.6 percent plus or minus 4.8
- Population 65 and over640 plus or minus 168
- Share 65 and over28.4 percent
- Households1,086 plus or minus 222
- Family households513 plus or minus 136
- Share of households that are families47.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakland
Income and work in Oakland
- Median household income$53,289 plus or minus $27,814
- Per capita income$36,775
- Civilian labor force936 plus or minus 290
- Employed906 plus or minus 288
- Unemployed30 plus or minus 25
- Unemployment rate3.2 percent plus or minus 2.5
- Adults 25 and over1,796
- Adults 25 and over with a high school diploma or higher92.4 percent plus or minus 23.9
- Adults 25 and over with a bachelor degree or higher29.3 percent plus or minus 6.8
- Adults 25 and over with a graduate degree16.3 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakland
Housing in Oakland
- Housing units1,262
- Occupied units1,086 plus or minus 222
- Vacant units176 plus or minus 96
- Vacancy rate13.9 percent plus or minus 7.2
- Owner occupied516 plus or minus 140
- Renter occupied570 plus or minus 149
- Ownership rate47.5 percent
- Median owner-occupied home value$244,400
- Median gross rent, monthly$670 plus or minus $251
- Annual rent as a share of median income15.1 percent plus or minus 9.7
- Single family units875 plus or minus 205
- Share single family69.3 percent
- Units in buildings of two or more372 plus or minus 128
- Share in buildings of two or more29.5 percent plus or minus 8.8
- Mobile homes15 plus or minus 14
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakland
How Oakland gets to work
- Workers 16 and over who commute810 plus or minus 242
- Commuting under 15 minutes483 plus or minus 166
- Share commuting under 15 minutes59.6 percent
- Commuting 30 minutes or more145 plus or minus 79
- Share commuting 30 minutes or more17.9 percent plus or minus 8.2
- Drove alone68.4 percent
- Carpooled9.9 percent plus or minus 5.4
- Public transport1.7 percent plus or minus 2.5
- Walked7.9 percent plus or minus 3.7
- Worked from home9.1 percent plus or minus 8.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Oakland
SBA 7(a) lending to Oakland borrowers
- Approvals22
- Gross approval$3,229,900
- Average approval$146,814
- Median approval$75,000
- Ninetieth percentile approval$223,200
- Largest approval$1,145,000
- Jobs supported142
- Jobs per approval6.5
- Loans with a final outcome8
- Paid in full8
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more4.5 percent
- Share to franchises0.0 percent
- Distinct lenders9
- Distinct industries by NAICS18
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Oakland
SBA 504 lending to Oakland borrowers
- Approvals3
- Gross approval$1,996,000
- Average approval$665,333
- Median approval$380,000
- Largest approval$1,512,000
- Jobs supported12
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Garrett County, not Oakland
Garrett County context, not Oakland figures
These are Garrett County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Oakland measurements.
- Establishments in Garrett County951
- Employment at those establishments, Garrett County10,577
- Covered employment, Garrett County12,162
- Average annual pay, Garrett County$48,523
- Average weekly wage, Garrett County$933
- Housing units permitted, Garrett County122
- Of those, single family, Garrett County122
- County product, 2024, Garrett County$1,790,479,000
- County product change over the prior year, Garrett County6.0 percent
- Average income of an arriving household, Garrett County$85,818
Every figure in this section is published for Garrett County as a whole and is not a measurement of Oakland. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Oakland questions, answered from the record.
How many people live in Oakland, Maryland?
2,254, in 1,086 households. Oakland town covers 2.71 square miles of land, which is 831 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Oakland in?
Garrett County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Oakland?
$53,289. The median owner-occupied home is valued at $244,400. Median gross rent is $670 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Oakland businesses?
22 7(a) approvals totalling $3.2 m, across 9 lenders, median approval $75,000, plus 3 504 approvals worth $2.0 m. These count approvals to borrowers whose address is in Oakland, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Oakland borrowers get paid back?
No rate is published for Oakland. only 8 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Oakland figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Garrett County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Oakland.
Is zoning published for Oakland?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.