Oakland is an unincorporated community in northeastern Marion County, Arkansas, United States. Oakland is located on Arkansas Highway 202 13.5 miles northwest of Mountain Home. Oakland has a post office with ZIP code 72661. The Oakland Campground on Bull Shoals Lake lies about three miles to the west at the end of Route 202.Mountain Home School District operates area public schools. The Oakland School District consolidated into the Mountain Home district on July 1, 1986.