Market Overview
Home Prices in Oakman, AL
The median home value in Oakman, AL is $111,832 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and down 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakman are priced73% below average. Oakman is part of the Jasper, AL metro area.
Over the past five years, Oakman home values have fallen by approximately13.1%, reflecting softening conditions in this market.
Price History
Oakman Home Price Trend
2020
$114,589
$115K
—
2021
$128,698
$129K
+12.3%
2022
$132,523
$133K
+3.0%
2023
$124,942
$125K
-5.7%
2024
$121,462
$121K
-2.8%
2025
$113,272
$113K
-6.7%
2026
$111,832
$112K
-1.3%
City Comparison
Oakman vs. National Median
🏠 Oakman
$111,832
National Median
$410,000
At $111,832, homes in Oakman cost 73% below the national median of $410,000. This makes Oakman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakman?
20% Down Payment
$22,366
on $111,832
Monthly P&I
$583/mo
30-yr @ 6.8%
Total Monthly Est.
~$740/mo
incl. taxes & insurance
Income Needed
$29,600
gross annual (30% rule)
10% Down Option
$11,183
+ PMI applies
Loan Amount (20% dn)
$89,466
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Oakman, AL?
The median home value in Oakman is $111,832 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Oakman?
Over the past year, home values in Oakman have decreased by 1.3%. Over five years, prices have fallen approximately 13.1%.
How much do I need to earn to buy a home in Oakman?
To comfortably afford the median home price of $111,832 with a 20% down payment ($22,366) at today's rates (6.8%), you'd need a gross annual income of approximately $29,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakman compare to the national average home price?
The national median home value is approximately $410,000. At $111,832, homes in Oakman are 73% below the national average.
What metro area is Oakman part of?
Oakman is part of the Jasper, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.