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  4. /Oakdale, MN - 55128

Oakdale, MN—55128

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$361,000
4.1% YoY Growth
Household Income
$89,600
31.1% YoY Growth
Days on Market
29
46.0% Longer YoY
Home Price Forecast
-0.3%
Median Rent
$1,950
2.8% YoY Growth
1-Bed Rent
$1,240
16.7% YoY Growth
2-Bed Rent
$1,820
0.6% YoY Growth
3-Bed Rent
$2,150
24.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Oakdale, MN

As of May '26, the median home price in Oakdale, MN is $361,000, with a year-over-year change of 4.1%. This indicates that home prices in Oakdale, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$361,0004.1%
Single Family $370,0003.9%
Condos $192,000-1.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $195,000
    4.8%
    2 Bed
    		$250,0001.2%
    3 Bed
    		$363,0004.3%
    4 Bed
    		$419,0003.5%
    5 Bed $446,1413.1%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    7.4%
    2 Bedrooms
    26.9%
    3 Bedrooms
    37.5%
    4 Bedrooms
    21.5%
    5+ Bedrooms
    5.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.7%
    1 Bedroom
    30.3%
    2 Bedrooms
    41.3%
    3 Bedrooms
    18.0%
    4 Bedrooms
    3.6%

    Property Listings — Oakdale, MN

    As of May '26, Realtor.com reports that the median days on market for a home in Oakdale, MN is 29. This is a increase of 46.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$316,000-1.0%
    Listing Count
    		8121.0%
    Listings as % of Homes0.4%21.0%
    Days on Market
    		2946.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		28,9000.3%
    % Under 18
    		21.4%2.4%
    % Seniors
    		17.2%9.6%
    % WFH
    		17.1%375.0%
    % w/ College Degree
    		33.1%8.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$361,000
    Median Household Income$89,600

    Oakdale, MN — ZIP Code Boundary Map

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    Frequently Asked Questions