Oakdale, Minnesota Housing Market Prices
Oakdale Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 12% below the Minnesota median$209,450
-
Median rent 15% above the Minnesota median$1,476
Housing Market Overview
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,450 | $236,718 | $248,835 |
| Price Trend (Annual %) | 64.1% | 6.6% | 7.5% |
| Median Gross Rent | $1,476 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oakdale is about 12% lower than in Minnesota. Rent is about 15% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oakdale, up about 64.1% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Oakdale rose about 47.0% between 2015 and 2024, from $1,004 to $1,476. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Oakdale.
Buying the median-priced home in Oakdale costs roughly 11.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oakdale. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,450 | $236,718 | $248,835 |
| Median Household Income | $93,714 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oakdale rose about 17.1%, while median household income rose about 35.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.3% | 65.5% | 58.5% |
| Rental Rate | 21.3% | 25.2% | 31.2% |
| Vacancy Rate | 3.4% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Oakdale has a homeownership rate of 75.3%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 3.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Oakdale | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1976 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Oakdale was built around 1984. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Oakdale, Minnesota.
What is the median home price in Oakdale, Minnesota?
The median home price in Oakdale, Minnesota is $209,450, lower than the Minnesota average of $236,718.
What is the average home price in Oakdale, Minnesota?
The typical home price in Oakdale, Minnesota, reported as the median sale price, is $209,450. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oakdale, Minnesota?
The median gross rent in Oakdale, Minnesota is $1,476 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Oakdale in 2020?
In 2020, the median gross rent in Oakdale, Minnesota was $1,097 per month.
What is the price-to-rent ratio in Oakdale, Minnesota?
The price-to-rent ratio in Oakdale, Minnesota is about 11.8, meaning it would take roughly 11.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Oakdale.
Are home prices or rent rising faster in Oakdale, Minnesota?
Both home prices and rent are rising in Oakdale, up about 64.1% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oakdale, Minnesota?
75.3% of households in Oakdale, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Oakdale, Minnesota?
The housing vacancy rate in Oakdale, Minnesota is 3.4%, lower than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →