Oakland City, IN—47660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland City, IN
Oakland City, IN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 2.9% |
| Single Family | $159,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 1.7% |
3 Bed | $188,000 | 3.9% |
4 Bed | $225,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oakland City, IN
Oakland City, 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 — Oakland City, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oakland City, IN is 95. This is a increase of 2.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $117,000 | 16.0% |
Listing Count | 13 | -30.0% |
| Listings as % of Homes | 0.4% | -30.0% |
Days on Market | 95 | 2.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Oakland City, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $159,000 |
| Median Household Income | $53,800 |