If you have been following the housing market over the last couple of years, you must have realized that Oakland is a city that is always moving forward. While some markets are known to expand and contract rapidly, Oakland has been experiencing stable growth and development. The advancement is not merely statistical, but it is about possibilities and enhancing the quality of life of the population of the area. Be it home purchase, home renting or home investment, the housing market in Oakland continues to grow thanks to several enablers.

The Right Location

The location is one of the advantages that Oakland possesses. You are very near San Francisco, yet without having to pay those outrageous prices that city is known for. This also explains why Oakland is a good destination for individuals who desire to work in San Francisco but intend to reside in a more comfortable and less costly space. Another benefit that you enjoy is quality transport links to move within and out of the city.

Urbanization and a Stable Economy

One of the contributors to a healthy housing market is a strong local economy. In Oakland, employment in such areas as technology, healthcare, education, and logistics has grown steadily. New firms are even getting offices here while older ones are steadily growing.

More people are relocating to the region due to enhanced employment opportunities increasing the demand of houses. Such consistency results in prices not reducing when the economy is not performing at the desired level. Hence, the market can recover shortly when economic activities improve.

Infrastructure Upgrades

There has been massive spending on infrastructure and development on the part of the city. Single-family houses, apartment blocks, and condominiums are emerging everywhere in the city of Oakland. There is an upgrade of roads, parks, and other public facilities to satisfy the demands of the increasing number of residents. These upgrades increase the desirability of neighborhoods to home purchasers and renters as well.

High Demand for Rentals

Not all people are willing to purchase a house, yet the rental industry of Oakland is still thriving. Renting a unit is a common choice for young professionals, students, and small families who prefer renting over buying. This provides opportunities for those who are interested in property investment with guaranteed rental income.

The high demand for rent also contributes to the maintenance of the overall housing market. Investors understand that they can easily get tenants and this makes investors purchase property, refurbish it and keep the housing industry active.

Availability of Cleaning Services

The other reason contributing to the expansion of the housing market in Oakland is the fact that one can access household services that make life easier. Once you live in a city, you want to be assured you can access as many local services as possible, be they cleaning and landscaping, childcare and home repairs. Such convenience makes Oakland more interesting even to professionals, families, and all those newcomers who are still adapting to an urban lifestyle.

In my case, for example, when it comes to taking care of laundry, I prefer the wash and fold option because I am too busy with work and dislike washing. The pick and drop laundry service providers conveniently pick up my dirty clothes and drop them off, ironed neatly. The convenience of this kind of service is not exclusive. It also makes city living convenient, particularly for people living in apartments that lack washers and dryers.

Mixed Culture and Lifestyles

Being a rich cultural environment, Oakland has the ability to attract anybody irrespective of his or her background. Not surprisingly, it is in this part of town that art galleries and neighborhood festivals, food markets and music fairs are held. The diversity is among the strengths of the city, making the place feel acceptable to all. Moreover, people will find reasons to stay at a certain place not just because there is housing, but also because of the various lifestyles that may be experienced in the area. Therefore, Oakland is an area characterized by a good housing market due to its rich culture and it suits different lifestyles.

Green Environment

Oakland has no lack of nature. There are waterfronts, hiking tours, and parks, which can offer the residents a chance to see nature without leaving town. Such green areas are even more enjoyable to visit because there is no harsh weather during the year. This would imply that individuals would be willing to spend a lot of cash in purchasing a home ready to be accessed through biking and walking routes or near the park.