Market Overview
Home Prices in Oakfield, ME
The median home value in Oakfield, ME is $167,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakfield are priced59% below average.
Price History
Oakfield Home Price Trend
2023
$164,611
$165K
—
2024
$167,031
$167K
+1.5%
2025
$163,548
$164K
-2.1%
2026
$167,631
$168K
+2.5%
City Comparison
Oakfield vs. National Median
🏠 Oakfield
$167,631
National Median
$410,000
At $167,631, homes in Oakfield cost 59% below the national median of $410,000. This makes Oakfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakfield?
20% Down Payment
$33,526
on $167,631
Monthly P&I
$874/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,110/mo
incl. taxes & insurance
Income Needed
$44,400
gross annual (30% rule)
10% Down Option
$16,763
+ PMI applies
Loan Amount (20% dn)
$134,105
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 Oakfield, ME?
The median home value in Oakfield is $167,631 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Oakfield?
Over the past year, home values in Oakfield have increased by 2.5%.
How much do I need to earn to buy a home in Oakfield?
To comfortably afford the median home price of $167,631 with a 20% down payment ($33,526) at today's rates (6.8%), you'd need a gross annual income of approximately $44,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakfield compare to the national average home price?
The national median home value is approximately $410,000. At $167,631, homes in Oakfield are 59% below the national average.