Market Overview
Home Prices in Oaktown, IN
The median home value in Oaktown, IN is $182,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oaktown are priced55% below average. Oaktown is part of the Vincennes, IN metro area.
Over the past five years, Oaktown home values have risen by approximately37.3%, reflecting strong long-term appreciation in this market.
Price History
Oaktown Home Price Trend
City Comparison
Oaktown vs. National Median
At $182,968, homes in Oaktown cost 55% below the national median of $410,000. This makes Oaktown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oaktown?
20% Down Payment
$36,594
on $182,968
Monthly P&I
$954/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,212/mo
incl. taxes & insurance
Income Needed
$48,480
gross annual (30% rule)
10% Down Option
$18,297
+ PMI applies
Loan Amount (20% dn)
$146,374
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 Oaktown, IN?
The median home value in Oaktown is $182,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Oaktown?
Over the past year, home values in Oaktown have increased by 1.1%. Over five years, prices have risen approximately 37.3%.
How much do I need to earn to buy a home in Oaktown?
To comfortably afford the median home price of $182,968 with a 20% down payment ($36,594) at today's rates (6.8%), you'd need a gross annual income of approximately $48,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Oaktown compare to the national average home price?
The national median home value is approximately $410,000. At $182,968, homes in Oaktown are 55% below the national average.
What metro area is Oaktown part of?
Oaktown is part of the Vincennes, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.