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Real Estate Market Overview

Oakland,

Tennessee

 

Investment Opportunities

🏠 3 Homes For Sale Now

About Oakland

  • Located in Fayette County, this area has some of the lowest property taxes in the Memphis region
  • A perfect location for commuting professionals; Oakland is just 35 miles east of downtown Memphis and sits equidistant from Ford/SK On's Blue Oval City in Stanton, Tenn. and the recently announced EV truck battery plant in Byhalia, Mississippi
  • Fayette County Public Schools includes four elementary schools, two junior high schools, and one high school and serves over 3,000 students in local community public schools
  • The city’s Parks and Recreation department maintains beautiful community parks and offers programming for children and adults
  • The Fair Oaks Golf Club is close by for residents who enjoy hitting the links.

🏢 9,540 Population
🛣️ 40 miles from Memphis from Memphis from Downtown Memphis

Oakland

,

TN

📊 Key Market Criteria

1.Strong Economy

Oakland benefits from its position within the Memphis metropolitan area, where logistics, manufacturing, and healthcare are major drivers of employment. The city’s proximity to BlueOval City in Stanton and the new EV battery plant in Byhalia enhances long-term job creation potential and regional economic resilience.

2.Stable Appreciation

Property values in Oakland have grown steadily, with median home prices now around the mid-$300,000 range—reflecting healthy, wage-supported appreciation. The market’s affordability and quality housing stock make it a reliable environment for investors seeking consistent long-term value.

3.Supply and Demand

Population growth and limited new housing supply continue to support strong absorption rates. With new construction carefully phased and low overall vacancy, Oakland maintains a favorable balance that supports rent stability and minimizes risk.

4.Quality Properties

Modern single-family homes built in planned subdivisions dominate Oakland’s housing stock. These homes feature energy-efficient systems, durable materials, and layouts designed for long-term occupancy and reduced maintenance costs, aligning with investor priorities.

5.Quality Neighborhoods

Oakland features well-maintained communities, accessible local amenities, and a strong civic investment in parks and recreation. The city’s infrastructure supports a stable residential base and attracts long-term tenants looking for convenience and continuity.

6.High Rents (Relative to Price)

Home prices remain moderate compared to nearby Shelby County, while rents are competitive within the Memphis MSA. This creates attractive rent-to-price ratios that deliver solid cash flow and performance for single-family investors.

7.Low Taxes and Rates

Fayette County’s property tax rate is among the lowest in the Memphis region, significantly reducing operating expenses for property owners. Combined with moderate insurance costs, Oakland offers a cost advantage that enhances investor returns.

8.Favorable Weather

Oakland experiences a temperate four-season climate, avoiding many of the extreme weather risks—such as hurricanes or heavy snow—that impact other U.S. markets. This stability helps maintain lower insurance and maintenance costs over time.

9.Efficient Legal Environment

Tennessee maintains a landlord-friendly legal framework, providing predictable, straightforward processes for property owners. The absence of rent control and a clear eviction process offer investors stability and operational efficiency.

Oakland Real Estate

The real estate market in Oakland, Tennessee continues to show steady appreciation supported by population growth and regional economic expansion. Median home values are in the mid-$300,000 range, up more than 7 percent year over year, while inventory remains limited due to controlled new construction. The combination of affordable acquisition costs, low property taxes, and proximity to major job centers such as Memphis and BlueOval City positions Oakland as a stable, high-performing submarket for investors seeking consistent returns and long-term value growth in the Memphis MSA.

16 Homesites
1 For Sale
2 Coming Soon
6 Pending
7 Sold
Hughetta Street North, Oakland, TN 38060
🛏️ 4 Beds
🛁 2.5 Baths
🏡 2,043 SF
Hughetta St S, Oakland, TN 38060
🛏️ 4 Beds
🛁 2.5 Baths
🏡 1,795 SF
Hughetta St N, Oakland, TN 38060
🛏️ 4 Beds
🛁 2.5 Baths
🏡 2,200 SF
Hughetta Street North, Oakland, 38060
🛏️ 5 Beds
🛁 3 Baths
🏡 2,500 SF
Hughetta Street South, Oakland, TN 38060
🏡 2,477 SF
Hughetta Street South, Oakland, TN 38060
🛏️ 4 Beds
🛁 2.5 Baths
🏡 2,237 SF

Come tour Oakland in person.

Meridian will fly you and a guest to Memphis to tour available properties, meet our team, and explore the market firsthand—at no cost to qualified investors.

Subdivisions In Oakland

Subdivision: Carrington Estates

Carrington Estates is a larger-format community in Oakland, Tennessee, positioned next to a golf course and offering a more open, country-style setting while still remaining connected to the broader Memphis metro. Homes typically range from approximately 2,000 to over 3,000 square feet with 4–5 bedroom floor plans, providing a higher square footage profile than many surrounding subdivisions and appealing to renters who prioritize space, newer construction, and a quieter residential environment.

The neighborhood combines this more spacious, low-density feel with a consistent build standard across homes, supporting ease of management and repeatability for investors. The overall positioning creates an accessible form of upscale living, delivering larger homes and higher-end finishes at a price point that remains practical for a wide segment of the workforce. While Oakland schools are more moderate, the community benefits from proximity to nearby Arlington, where stronger educational options contribute to sustained housing demand in the area.

Homes are constructed with durable, low-maintenance materials including brick and fiber cement siding, architectural shingles, and energy-efficient systems such as high-efficiency HVAC, upgraded insulation, and Low-E windows. Interior finishes emphasize longevity and broad appeal, with luxury vinyl plank flooring in main living areas, tile in bathrooms, and solid-surface countertop options, helping reduce ongoing maintenance exposure.

Located in Fayette County, where property taxes remain among the lowest in the Memphis MSA, Carrington Estates combines larger home sizes with a favorable cost structure. Its proximity to the Ford BlueOval City development and the expanding eastern Memphis employment corridor supports long-term demand, positioning the community as a scalable option for investors targeting newer construction in a lower-density setting.

🛏️ 4+ Bedrooms
🛁 2.5+ Baths
🏠 2,000-3,300
📐 22 Floor plans
🏦 0.37% Tax
📬 $200 HOA
🛡️ $725 Insurance
Subdivision: Baker Estates

Baker Estates is an upscale residential community in Horn Lake, Mississippi, featuring newly constructed single-family homes on oversized lots approaching half an acre. The subdivision offers a consistent product type with modern layouts and larger parcel sizes that distinguish it from more densely built developments in the area. Homes range from approximately 1,800 to over 2,200 square feet with 4–5 bedroom configurations, providing functional living space that aligns with current rental demand.

The homes are built with durable, low-maintenance materials and contemporary finishes, including open-concept floor plans, luxury vinyl plank flooring in main areas, and updated kitchen and bath specifications. These features support long-term operational efficiency while maintaining competitive positioning in the local rental market. Larger lot sizes contribute additional usability and separation between homes, enhancing overall property appeal.

Located within DeSoto County near the I-55 corridor, Baker Estates provides direct access to major employment centers throughout the Memphis metro, including logistics, distribution, and manufacturing hubs anchored by employers such as FedEx, Amazon, and regional transportation networks. The surrounding area continues to benefit from steady economic activity and population growth, supporting consistent housing demand.

🛏️ 4 Bedrooms
🛁 2.5 Baths
🏠 1,808 - 2,214 S.F.
📐 3 Floor plans
🌳 20,045 - 20,758 S.F. Acre lots
🏦 1.1% Tax
🛡️ $875 Insurance
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Curious about Oakland real estate?

Speak with an experienced advisor about our fully managed rental properties — no pressure, just data, insights, and answers.

We strive to provide accurate, up-to-date market data and regional insights to support your research. This information is for educational purposes only and should not be considered business, legal, financial, or investment advice. Market conditions can change quickly, and figures may be updated by outside sources without notice. If you spot something that needs clarification or correction, please reach out—we appreciate your help in keeping our market information current.

The presentation was prepared by Brian Conlon on December 12, 2025 exclusively for Kurt and Elsa Kanish.
The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. They are intended for the purpose of illustrative projections to facilitate analysis. Financial projections and goals are pro forma estimates which are not guaranteed. They are based on assumptions which are subject to fluctuations. Actual results may vary. Floor plans and front elevations may vary slightly from the drawings shown herein.
This information is not intended to replace or serve as a substitute for any legal, real estate, tax or other professional advice, consultation or service. The prospective buyer should consult with professionals in the respective legal, tax, accounting, real estate, or other professional areas before making any decisions or entering into any contracts pertaining to the property or properties described herein. In viewing this presentation you accept our terms and conditions.

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