The typical owner-occupied home in Oakdale is worth about $103,100, 64% below the Tennessee median of $286,700 and 69% below the national median of $332,700. Owners pay a median $700 a year in property taxes, about 0.68% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $62,083 a year, so the median home costs 1.7 times the median income (4.1 times for Tennessee). 98% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Oakdale at a glance
| Oakdale | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $103,100 | $286,700 | $332,700 |
| Median property tax paid per year | $700 | $1,442 | $3,119 |
| Property tax as a share of value | 0.68% | 0.50% | 0.94% |
| Median household income | $62,083 | $69,595 | $80,734 |
| Homes lived in by their owners | 98% | 67% | 65% |
| Owner homes with a mortgage | 37% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,500 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1978 | 1987 | 1980 |
| Vacant homes | 17.6% | 10.2% | 10.1% |
| Population | 175 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Oakdale
At this week's average 30-year rate of 7.11%, buying the median Oakdale home of $103,100 with 20% down costs about $656 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $828, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,124 for the 20%-down payment. That payment is 13% of the median Oakdale household income of $62,083; at that income and 20% down, the 28% guideline points to a home of about $228,000.
| Down payment | $20,620 |
|---|---|
| Loan amount | $82,480 |
| Principal and interest | $555 |
| Property taxes (0.68% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $656 |
Change the numbers in the calculator
| Down payment | $3,608 |
|---|---|
| Loan amount | $101,233 |
| Principal and interest | $681 |
| Property taxes (0.68% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $828 |
Change the numbers in the calculator
Questions about home buying in Oakdale
What is the median home value in Oakdale?
About $103,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oakdale?
Homeowners pay a median $700 a year, which is about 0.68% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oakdale?
For the median home with 20% down at 7.11%, the payment is about $656 a month. Keeping that under 28% of gross income takes about $28,124 a year.
More about Oakdale
- Mortgage Refinance in Oakdale
- Debt Relief in Oakdale
- Home Equity Loans in Oakdale
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data