Oakland City, IN—47660

As of Aug '25, the median home price in Oakland City, IN is $162,000, with a year-over-year change of 3.0%. This indicates that home prices in Oakland City, IN are increasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Oakland City, IN is 53. This is an decrease of -28.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 67.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Oakland City, IN in that year was 96. 57.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 70.0%. Of those, 39.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Oakland City, IN. Investor activity in Oakland City, IN is low, as 0.0% of all loans are originated by investors. In 2023, 21.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.