Market Overview
Home Prices in Oakham, MA
The median home value in Oakham, MA is $490,045 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakham are priced20% above average. Oakham is part of the Worcester, MA-CT metro area.
Over the past five years, Oakham home values have risen by approximately24.6%, reflecting strong long-term appreciation in this market.
Price History
Oakham Home Price Trend
City Comparison
Oakham vs. National Median
At $490,045, homes in Oakham cost 20% above the national median of $410,000. Buyers in Oakham should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Oakham?
20% Down Payment
$98,009
on $490,045
Monthly P&I
$2,556/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,246/mo
incl. taxes & insurance
Income Needed
$129,840
gross annual (30% rule)
10% Down Option
$49,005
+ PMI applies
Loan Amount (20% dn)
$392,036
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 Oakham, MA?
The median home value in Oakham is $490,045 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Oakham?
Over the past year, home values in Oakham have increased by 1.9%. Over five years, prices have risen approximately 24.6%.
How much do I need to earn to buy a home in Oakham?
To comfortably afford the median home price of $490,045 with a 20% down payment ($98,009) at today's rates (6.8%), you'd need a gross annual income of approximately $129,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakham compare to the national average home price?
The national median home value is approximately $410,000. At $490,045, homes in Oakham are 20% above the national average.
What metro area is Oakham part of?
Oakham is part of the Worcester, MA-CT metropolitan area. Home prices and market conditions can vary across the broader metro region.