Market Overview
Home Prices in Oakes, ND
The median home value in Oakes, ND is $178,723 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.9% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakes are priced56% below average.
Over the past five years, Oakes home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
Oakes Home Price Trend
2020
$156,725
$157K
—
2021
$160,670
$161K
+2.5%
2022
$165,536
$166K
+3.0%
2023
$157,523
$158K
-4.8%
2024
$153,100
$153K
-2.8%
2025
$161,205
$161K
+5.3%
2026
$178,723
$179K
+10.9%
City Comparison
Oakes vs. National Median
🏠 Oakes
$178,723
National Median
$410,000
At $178,723, homes in Oakes cost 56% below the national median of $410,000. This makes Oakes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakes?
20% Down Payment
$35,745
on $178,723
Monthly P&I
$932/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,184/mo
incl. taxes & insurance
Income Needed
$47,360
gross annual (30% rule)
10% Down Option
$17,872
+ PMI applies
Loan Amount (20% dn)
$142,978
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 Oakes, ND?
The median home value in Oakes is $178,723 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.9% year-over-year.
How much have home prices changed in Oakes?
Over the past year, home values in Oakes have increased by 10.9%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in Oakes?
To comfortably afford the median home price of $178,723 with a 20% down payment ($35,745) at today's rates (6.8%), you'd need a gross annual income of approximately $47,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakes compare to the national average home price?
The national median home value is approximately $410,000. At $178,723, homes in Oakes are 56% below the national average.