Oak Harbor

Located in Ottawa County, this small community of 2,555 residents presents an extremely limited real estate market with just one active listing currently available. The median home price of $550,000 reflects a significant premium relative to the area's median household income of $46,939, suggesting potential affordability challenges for local buyers. Despite this price point, homeownership remains strong with 70.2% of households being owner-occupied, indicating residents tend to stay long-term once they purchase property. The Benton-Carroll-Salem school district serves the educational needs of families in the area. The scarcity of available homes suggests either a very stable housing market with low turnover or limited new construction activity. Prospective buyers may face extended waiting periods to find suitable properties, while sellers could potentially benefit from the supply-demand imbalance. The substantial gap between home values and local incomes may indicate that many recent buyers are either bringing significant equity from previous home sales or relocating from higher-income areas, making this market particularly challenging for first-time or local buyers.

Market description generated from current MLS and U.S. Census data.