When the town reincorporated, residents chose the name Oakland Park. As of 2006, the population estimated by the U.S. Census Bureau is 42,560, mainly due to annexation of North Andrews Gardens and Twin Lakes South. It is part of the South Florida metropolitan area, which is home to 5,463,857 people.
The City of Oakland Park is bisected by the Florida East Coast Railway,which runs parallel to Dixie Highway through downtown Oakland Park. The City of Oakland Park has put into place new zoning regulations intended to transform downtown Oakland Park into a mixed-use pedestrian community. One element of the proposal is the creation of a new commuter rail station on the FEC rail line.
Oakland Park borders the City of Wilton Manors, which is experiencing a tremendous amount of new development. Increased property prices in Wilton Manors have pushed up prices in Oakland Park and spurred interest in the city's downtown redevelopment plan.
Oakland Park is a part of the Miami-Fort Lauderdale-Hollywood media market, which is the twelfth largest radio market and the seventeenth largest television market in the United States. Its primary daily newspapers are the South Florida-Sun Sentinel and The Miami Herald, and their Spanish-language counterparts El Sentinel and El Nuevo Herald.