Market Overview
Home Prices in Oakland, KY
The median home value in Oakland, KY is $293,986 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakland are priced28% below average. Oakland is part of the Bowling Green, KY metro area.
Over the past five years, Oakland home values have risen by approximately31.6%, reflecting strong long-term appreciation in this market.
Price History
Oakland Home Price Trend
City Comparison
Oakland vs. National Median
At $293,986, homes in Oakland cost 28% below the national median of $410,000. This makes Oakland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakland?
20% Down Payment
$58,797
on $293,986
Monthly P&I
$1,533/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,947/mo
incl. taxes & insurance
Income Needed
$77,880
gross annual (30% rule)
10% Down Option
$29,399
+ PMI applies
Loan Amount (20% dn)
$235,189
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, KY?
The median home value in Oakland is $293,986 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Oakland?
Over the past year, home values in Oakland have increased by 3.4%. Over five years, prices have risen approximately 31.6%.
How much do I need to earn to buy a home in Oakland?
To comfortably afford the median home price of $293,986 with a 20% down payment ($58,797) at today's rates (6.8%), you'd need a gross annual income of approximately $77,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakland compare to the national average home price?
The national median home value is approximately $410,000. At $293,986, homes in Oakland are 28% below the national average.
What metro area is Oakland part of?
Oakland is part of the Bowling Green, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.