Oakland, MD

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Oakland short-term rental market based on reliable data.

Listings

259 / 452

Reliable / Active

Cap Rate

21%

Middle-Earners Gross Yield

Revenue

$60,534

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$284,755

Median Home Sale Price

Top Earners

$123,075

Top-Earners Revenue

Oakland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Oakland.

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B

Generally Investor friendly

Oakland Regulations

Oakland permits short‑term rentals under the county TVRU ordinance, but requires a $250 licensing fee, safety and parking compliance, occupancy caps (max 8 bedrooms), and state/county tax registration—moderate, clearly defined requirements rather than a prohibitive regime.

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About Oakland

Oakland is a small town in western Maryland that serves as the county seat of Garrett County, set amid the forested ridges and hollows of the Appalachian Plateau. The community has a year-round population of roughly 1,900 residents and maintains the quiet, small-town character typical of the Mountain Maryland region, with a walkable historic core and a pace shaped by the surrounding outdoors. It is best known as the gateway to Deep Creek Lake, the largest freshwater lake in the state, and to the network of state parks, ski slopes, and wilderness areas that draw visitors throughout the year. The nearest major city is Pittsburgh, Pennsylvania, located approximately 85 miles to the northwest across the border.

Just a few miles north of town, Deep Creek Lake anchors the area's tourism economy. The roughly 3,900-acre reservoir is a year-round destination, popular for boating, fishing, swimming, and lakeside rentals in the warmer months and transforming into a hub for ice fishing, snowmobiling, and other cold-weather pursuits in winter. Its shoreline communities, public swimming beaches, and a variety of waterfront restaurants make it the single largest draw for visitors to the region, and its proximity to Oakland means guests can enjoy both the convenience of in-town services and the recreational spread of the lake.

A short drive west of Oakland brings visitors to Swallow Falls State Park, one of Maryland's most photographed natural sites. The park is home to Muddy Creek Falls, the tallest free-falling waterfall in the state, along with the Tolling Gate and Swallow Falls themselves, all set within old-growth hemlock and white pine forest along the Youghiogheny River. Roughly a 15-minute drive from town, the park offers hiking trails, picnic areas, and a year-round campground that fills quickly during the summer leaf season.

Just down the road from the lake, Wisp Resort is the area's primary four-season mountain resort. In winter it operates Maryland's only ski mountain, with downhill and cross-country skiing, snow tubing, and ice skating, while the warmer months bring mountain coasters, zip lines, golf, and chairlift rides with views over the lake. Its base area at the foot of Marsh Mountain places it within about a ten-minute drive of Oakland, giving visitors a full slate of resort amenities without having to leave the area.

Oakland's appeal as a short-term rental base comes from this rare combination: a small, authentic mountain town with a walkable historic main street, immediate access to Deep Creek Lake, and a deep bench of outdoor attractions within a short drive in every direction. Guests who stay here can spend the morning on the water, the afternoon chasing waterfalls, and the evening back in town for a local restaurant, all without long transfers between destinations.

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