Market Overview
Home Prices in Oakland City, IN
The median home value in Oakland City, IN is $173,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakland City are priced58% below average. Oakland City is part of the Jasper, IN metro area.
Over the past five years, Oakland City home values have risen by approximately36.9%, reflecting strong long-term appreciation in this market.
Price History
Oakland City Home Price Trend
City Comparison
Oakland City vs. National Median
At $173,110, homes in Oakland City cost 58% below the national median of $410,000. This makes Oakland City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakland City?
20% Down Payment
$34,622
on $173,110
Monthly P&I
$903/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,147/mo
incl. taxes & insurance
Income Needed
$45,880
gross annual (30% rule)
10% Down Option
$17,311
+ PMI applies
Loan Amount (20% dn)
$138,488
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 Oakland City, IN?
The median home value in Oakland City is $173,110 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Oakland City?
Over the past year, home values in Oakland City have increased by 7.2%. Over five years, prices have risen approximately 36.9%.
How much do I need to earn to buy a home in Oakland City?
To comfortably afford the median home price of $173,110 with a 20% down payment ($34,622) at today's rates (6.8%), you'd need a gross annual income of approximately $45,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakland City compare to the national average home price?
The national median home value is approximately $410,000. At $173,110, homes in Oakland City are 58% below the national average.
What metro area is Oakland City part of?
Oakland City is part of the Jasper, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.