Oaktown, IN—47561
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oaktown, IN
As of Oct '25, the median home price in Oaktown, IN is $166,000, with a year-over-year change of 3.7%. This indicates that home prices in Oaktown, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | 3.7% |
| Single Family | $165,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 0.8% |
3 Bed | $160,000 | 3.2% |
4 Bed | $232,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oaktown, IN
Oaktown, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oaktown, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oaktown, IN is 29. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $127,000 | -22.0% |
Listing Count | 6 | -20.0% |
| Listings as % of Homes | 0.1% | -20.0% |
Days on Market | 29 | -12.0% |
Demographics — Oaktown, IN
As of the latest ACS Survey released in 2023, Oaktown, IN has a population of 1,290, which has decreased by -22.2% over the past 5 years. Oaktown, IN is a less popular place for families, as children make up 11.8% of the population. The area has a poorly educated workforce, with 4.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,290 | -22.2% |
% Under 18 | 11.8% | -51.6% |
% Seniors | 20.2% | 12.8% |
% WFH | 2.9% | -17.1% |
% w/ College Degree | 4.5% | -78.7% |
As of the latest ACS Survey released in 2023, Oaktown, IN is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Oaktown, IN is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.0% of the population in Oaktown, IN, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -0.3% |
% Black | 0.0% | N/A |
% Hispanic | 1.4% | -26.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Oaktown, IN
According to HUD data as of 2023, there were 31 mortgage originations in Oaktown, IN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Oaktown, IN. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Oaktown, IN
Oaktown, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Oaktown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $166,000 |
| Median Household Income | $42,200 |