What makes Oakland different
The Collierville lifestyle, one county over.
Oakland sits just east of Collierville, but it's in Fayette County rather than Shelby County — a distinction that matters because Fayette County property tax rates typically run lower. For buyers priced out of Collierville itself, Oakland offers a similar suburban feel and newer construction at a real discount.
It's one of the fastest-growing communities on the Memphis metro's eastern edge, with new subdivisions filling in what used to be more rural farmland. That growth means more new-construction inventory than older, more built-out suburbs.
The trade-off is distance and, in some cases, school district — buyers should confirm which district a specific property falls into, since it can vary by exact location within Oakland.