Oakdale, MN—55128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakdale, MN
As of Oct '25, the median home price in Oakdale, MN is $346,000, with a year-over-year change of 3.1%. This indicates that home prices in Oakdale, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 3.1% |
| Single Family | $354,000 | 3.5% |
| Condos | $190,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $184,000 | 1.1% |
2 Bed | $244,000 | 0.0% |
3 Bed | $348,000 | 3.9% |
4 Bed | $400,000 | 1.8% |
| 5 Bed | $427,000 | 1.7% |
% of Housing Stock
Rental Trends — Oakdale, MN
As of July '25, Rentcast reports the average rent in Oakdale, MN is $2,180, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Oakdale, MN is studios: $1,150, 1-bedrooms: $1,260, 2-bedrooms: $1,740, 3-bedrooms: $2,880, 4-bedrooms: $2,690. The most common rental property sizes in Oakdale, MN are 2-bedroom and 1-bedroom, accounting for 41.3% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,180 |
| Studio Rent | $1,120 | $1,150 |
| 1 Bed Rent | $1,240 | $1,260 |
| 2 Bed Rent | $1,820 | $1,740 |
| 3 Bed Rent | $2,150 | $2,880 |
| 4 Bed Rent | $2,600 | $2,690 |
% of Rental Stock
Property Listings — Oakdale, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakdale, MN is 27. This is a decrease of -20.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | -19.0% |
Listing Count | 98 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 27 | -20.0% |
Demographics — Oakdale, MN
As of the latest ACS Survey released in 2023, Oakdale, MN has a population of 28,900, which has remained stable by 0.3% over the past 5 years. Oakdale, MN is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 0.3% |
% Under 18 | 21.4% | 2.4% |
% Seniors | 17.2% | 9.6% |
% WFH | 17.1% | 375.0% |
% w/ College Degree | 33.1% | 8.5% |
As of the latest ACS Survey released in 2023, Oakdale, MN is a predominantly white area, with 66.6% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Oakdale, MN is asian, making up 12.9% of the population. Foreign-born residents account for 11.5% of the population in Oakdale, MN, and this percentage has increased by 29.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.6% | -9.0% |
% Black | 8.4% | -2.3% |
% Hispanic | 6.1% | 7.0% |
% Asian | 12.9% | 38.7% |
% Foreign Born | 11.5% | 29.2% |
Mortgage and Risk — Oakdale, MN
According to HUD data as of 2023, there were 608 mortgage originations in Oakdale, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Oakdale, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 608 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Oakdale, MN
As of 2024, the percent of homes in Oakdale, MN under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Oakdale, MN, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 356 |
Total Units Section 8 | 307 |
% Rentals under Section 8 | 11.9% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,240 | $1,340 |
| 2 Bedroom | -$190 | $1,820 | $1,630 |
| 3 Bedroom | $20 | $2,150 | $2,170 |
| 4 Bedroom | -$170 | $2,600 | $2,430 |
Affordability — Oakdale, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $346,000 |
| Median Household Income | $89,600 |