Market Overview
Home Prices in Oakwood, OH
The median home value in Oakwood, OH is $164,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oakwood are priced60% below average.
Over the past five years, Oakwood home values have risen by approximately32.2%, reflecting strong long-term appreciation in this market.
Price History
Oakwood Home Price Trend
2020
$104,774
$105K
—
2021
$124,344
$124K
+18.7%
2022
$135,398
$135K
+8.9%
2023
$137,501
$138K
+1.6%
2024
$150,620
$151K
+9.5%
2025
$153,303
$153K
+1.8%
2026
$164,416
$164K
+7.2%
City Comparison
Oakwood vs. National Median
🏠 Oakwood
$164,416
National Median
$410,000
At $164,416, homes in Oakwood cost 60% below the national median of $410,000. This makes Oakwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oakwood?
20% Down Payment
$32,883
on $164,416
Monthly P&I
$857/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,088/mo
incl. taxes & insurance
Income Needed
$43,520
gross annual (30% rule)
10% Down Option
$16,442
+ PMI applies
Loan Amount (20% dn)
$131,533
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 Oakwood, OH?
The median home value in Oakwood is $164,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Oakwood?
Over the past year, home values in Oakwood have increased by 7.2%. Over five years, prices have risen approximately 32.2%.
How much do I need to earn to buy a home in Oakwood?
To comfortably afford the median home price of $164,416 with a 20% down payment ($32,883) at today's rates (6.8%), you'd need a gross annual income of approximately $43,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Oakwood compare to the national average home price?
The national median home value is approximately $410,000. At $164,416, homes in Oakwood are 60% below the national average.