Home prices
The median home price in Oak Island is $255,900. Compared to nearby areas it is roughly $21,840 (9%) higher.It is about $38,400 (17%) higher compared to the US as a whole, and it is approximately $9,500 (3%) higher in comparison to the city of Wilmington.
Rents
In Oak Island the median rent is $1,072 per month. It is roughly $14 (1%) higher in comparison to its surrounding areas.It is is very similar compared to the country as a whole, and it is about $74 (7%) higher in comparison to the city of Wilmington.
Nearby places
St. James
St. James is Oak Island's neighbor to the east. Its housing prices are a lot more expensive. St. James's median home value is $456,600, which works out to $200,700 (43%) higher than Oak Island. The rent there is significantly more expensive. In St. James the median monthly rent is $1,862, which is $790 (42%) higher than Oak Island.
Boiling Spring Lakes
Boiling Spring Lakes is Oak Island's neighbor to the northeast. Its real estate prices are a lot less expensive. Boiling Spring Lakes's median home price is $162,200, which is $93,700 (57%) lower than Oak Island. Its rents are a little less expensive. The median rent in Boiling Spring Lakes is $876 a month, which comes out to $196 (22%) lower than Oak Island.
Varnamtown
Varnamtown is about 5 miles west of Oak Island. The real estate prices there are a lot less expensive. Varnamtown's median home value is $167,600, which works out to $88,300 (52%) lower than Oak Island. The rent there is a little less expensive. Varnamtown's median rent is $836 a month, which works out to $236 (28%) lower than Oak Island.
Southport
Southport is about 5 miles east from Oak Island. The real estate prices there are pretty similar. The median home value in Southport is $252,600, which comes out to $3,300 (1%) lower than Oak Island. Rents there are a bit less expensive. In Southport the median rent is $980 a month, which works out to $92 (9%) lower than Oak Island.
Bolivia
Bolivia is about 9 miles north of Oak Island. The housing prices there are significantly less expensive. The cost of the median home in Bolivia is $131,300, which comes out to $124,600 (94%) lower than Oak Island. Rents there are significantly less expensive. The median monthly rent in Bolivia is $738, which is $334 (45%) lower than Oak Island.
