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Oakland City, IN—47660

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$170,000
6.5% YoY Growth
Household Income
$53,800
9.1% YoY Growth
Days on Market
73
38.0% Longer YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oakland City, IN

Oakland City, IN lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$170,0006.5%
Single Family $171,0006.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $131,000
    4.8%
    3 Bed
    		$200,0007.5%
    4 Bed
    		$240,0007.1%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    4.3%
    2 Bedrooms
    33.4%
    3 Bedrooms
    51.3%
    4 Bedrooms
    9.7%
    5+ Bedrooms
    1.1%

    Rental Trends — Oakland City, IN

    Oakland City, IN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    7.7%
    2 Bedrooms
    43.1%
    3 Bedrooms
    38.3%
    4 Bedrooms
    10.1%
    5+ Bedrooms
    0.8%

    Property Listings — Oakland City, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Oakland City, IN is 73. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$75,000-31.0%
    Listing Count
    		142.0%
    Listings as % of Homes0.4%2.0%
    Days on Market
    		7338.0%
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    Demographics — Oakland City, IN

    As of the latest ACS Survey released in 2023, Oakland City, IN has a population of 4,820, which has decreased by -1.6% over the past 5 years. Oakland City, IN is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,820-1.6%
    % Under 18
    		17.6%-21.4%
    % Seniors
    		24.8%36.3%
    % WFH
    		3.4%3.0%
    % w/ College Degree
    		19.7%-4.8%
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    As of the latest ACS Survey released in 2023, Oakland City, IN is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Oakland City, IN is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.4% of the population in Oakland City, IN, and this percentage has increased by 7.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.5%-4.7%
    % Black
    		1.6%166.7%
    % Hispanic
    		2.3%21.1%
    % Asian
    		0.4%100.0%
    % Foreign Born
    		1.4%7.7%
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    Mortgage and Risk — Oakland City, IN

    According to HUD data as of 2023, there were 96 mortgage originations in Oakland City, IN, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Oakland City, IN. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		96
    % Conventional Loans
    		57.0%
    % Government Loans
    		43.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		21.0%
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    Rentals and Section 8 — Oakland City, IN

    Oakland City, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		10
    % Rentals under Section 8
    		2.0%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$860
    2 BedroomN/AN/A$1,080
    3 BedroomN/AN/A$1,360
    4 BedroomN/AN/A$1,560

    Affordability — Oakland City, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$170,000
    Median Household Income$53,800

    Oakland City, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Spurgeon

    47584

    Lynnville, IN

    47619

    Francisco, IN

    47649

    Winslow, IN

    47598

    Stendal, IN

    47585

    Frequently Asked Questions