Market Overview
Home Prices in Oakford, IL
The median home value in Oakford, IL is $155,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 5.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakford are priced62% below average. Oakford is part of the Springfield, IL metro area.
Over the past five years, Oakford home values have risen by approximately7.9%, reflecting steady appreciation in this market.
Price History
Oakford Home Price Trend
City Comparison
Oakford vs. National Median
At $155,546, homes in Oakford cost 62% below the national median of $410,000. This makes Oakford a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakford?
20% Down Payment
$31,109
on $155,546
Monthly P&I
$811/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,030/mo
incl. taxes & insurance
Income Needed
$41,200
gross annual (30% rule)
10% Down Option
$15,555
+ PMI applies
Loan Amount (20% dn)
$124,437
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 Oakford, IL?
The median home value in Oakford is $155,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Oakford?
Over the past year, home values in Oakford have increased by 6.8%. Over five years, prices have risen approximately 7.9%.
How much do I need to earn to buy a home in Oakford?
To comfortably afford the median home price of $155,546 with a 20% down payment ($31,109) at today's rates (6.8%), you'd need a gross annual income of approximately $41,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakford compare to the national average home price?
The national median home value is approximately $410,000. At $155,546, homes in Oakford are 62% below the national average.
What metro area is Oakford part of?
Oakford is part of the Springfield, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.