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City · 5,862 residents · Hall County, Georgia

Oakwood , Georgia

In Oakwood, a typical home is worth $306,700 and typical rent is $1,560 a month. Compared with all of Hall County, typical rent is 16% higher, typical household income is 16% lower, and the share of households that own their home is 25 points lower.

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  • Typical home value

    $306,700

    12% below the county

    About the same as Georgia

    • Oakwood
    • Hall
    • Georgia

  • Typical rent

    $1,560a month

    16% above the county

    12% above Georgia

    • Oakwood
    • Hall
    • Georgia

  • Typical household income

    $67,917a year

    16% below the county

    12% below Georgia

    • Oakwood
    • Hall
    • Georgia

  • Households that own their home

    44%

    25 points below the county

    22 points below Georgia

    • Oakwood
    • Hall
    • Georgia

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$315,982
2.2% less than 12 months ago
Typical rent
$1,629 a month
5.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Oakwood is in Hall County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hall County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Oakwood apart

What this place has that others do not, from public data, most unusual first.

  1. 44% of households in Oakwood own their home, against 69% in Hall County.

  2. Nearby, in Gainesville, the typical rent is $1,299: 17% less than in Oakwood ($1,560).

  3. The typical rent in Oakwood is $1,560 a month, 16% more than in Hall County as a whole ($1,341).

  4. The typical household income in Oakwood is $67,917, 16% less than in Hall County as a whole ($80,901).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Oakwood

What homes there are in Oakwood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Homes in Oakwood are varied: detached houses are the largest group, at 28%, against 72% in Hall County.

Year built

Here half of the homes date from 2004 or later; in Hall County, from 1996 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,435 a month

Hall County: $1,742 a month

Without a mortgage

$501 a month

Hall County: $550 a month

Owners with a mortgage

71%

Hall County: 60%

The typical cost for an owner with a mortgage in Oakwood is $1,435 a month, less than in Hall County ($1,742); without one, $501.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Oakwood rose 115% since 2015–2019, more than in Hall County (74%).

Rents in Oakwood rose faster than in Hall County: 46% since 2015–2019, against 39%.

The typical household income in Oakwood rose 44% over that time; home values changed +115% and rent +46%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureOakwoodHall CountyGeorgiaUnited States
Rental vacancy Unreliable estimate5.2%6.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate5.2%2.4%3.4%
People per household 2.652.862.622.53
Drive alone 78%72%71%69%
Carpool Unreliable estimate12%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate12%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Oakwood has 2.65 people, fewer than in Hall County (2.86).

In Oakwood, 78% of workers drive alone to work; in Hall County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Oakwood?

A typical home costs more than the typical income allows

We start with a typical home in Oakwood, worth $306,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Oakwood, which is $67,917 a year. For that payment to be 28% of income, a household would need to earn about $108,361 a year.

The calculator's FHA and conventional loan limits are those of all of Hall County.

Your numbers

Local data
$

Starts at the typical home value in Oakwood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,735 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,528

at 7.18% · 30 years

Loan amount
$301,144
Total interest
$433,276
Paid off in
November 2056

Includes $5,179 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,585 a month

  • Tight

    $1,585 to $2,038 a month

  • Hard

    more than $2,038 a month

    Your payment · 45%

Compared with the typical household income in Oakwood ($67,917 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,528
Principal & interest$2,040
Property tax$225
Home insurance$128
FHA mortgage insurance (MIP)$136

You need at least $10,735 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Oakwood and Hall County

Oakwood is in Hall County, Georgia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Oakwood's own numbers

Typical home value
$306,700
Typical monthly rent
$1,560
Typical yearly household income
$67,917
Households that own their home
44%
Effective property tax rate
0.88%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hall County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,543
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hall County.

Everything about Hall County

Buying

Buying a home in Oakwood

A typical home in Oakwood is worth $306,700: 12% below the county and about the same as Georgia. With the typical household income in Oakwood ($67,917 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Oakwood 4.5 years
  • Hall 4.3 years
  • Georgia 3.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hall County

According to FHFA’s house price index, home prices in Hall County rose 128% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hall County.

Period County Georgia U.S.
Last year (2025) +2.3% +2.2% +2.9%
5 years (2020–2025) +68% +58% +47%
10 years (2015–2025) +128% +110% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Oakwood next to Hall County, Georgia and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Oakwood $306,700
  • Hall $350,400
  • Georgia $303,300
  • United States $332,700
Typical monthly rent
  • Oakwood $1,560
  • Hall $1,341
  • Georgia $1,393
  • United States $1,413
Typical yearly household income
  • Oakwood $67,917
  • Hall $80,901
  • Georgia $77,353
  • United States $80,734
See the full table
Oakwood next to Hall County and Georgia
Measure Oakwood Hall County Georgia U.S.
Typical home value $306,700 $350,400 $303,300 $332,700
Typical monthly rent $1,560 $1,341 $1,393 $1,413
Typical yearly household income $67,917 $80,901 $77,353 $80,734
Households that own their home 44% 69% 66% 65%
Typical yearly property tax $2,695 $2,571 $2,341 $3,119
Effective property tax rate 0.88% 0.73% 0.77% 0.94%
Renters with high rent for their income 64% 53% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hall County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Oakwood

For a typical $306,700 home in Oakwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Oakwood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,528a month

    Least cash to close
    Down payment
    $10,735
    Cash to close
    $19,936
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $136

  • Conventional, 5% down $2,472a month

    Down payment
    $15,335
    Cash to close
    $24,536
    Rate
    7.18%
    Mortgage insurance
    PMI · $146

  • Conventional, 20% down, no PMI $2,015a month

    Down payment
    $61,340
    Cash to close
    $70,541
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,298a month

    Down payment
    $46,005
    Cash to close
    $55,206
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Oakwood and for Hall County.

Property tax

Effective rate in Oakwood

0.88%of the home’s value each year

$2,695 a year for the typical owner in Oakwood.

  • Oakwood 0.88%
  • Hall 0.73%
  • Georgia 0.77%

What Georgia publishes Standard state homestead exemption (Georgia Department of Revenue)

Exemptions and deadlines in Georgia

Flood risk in Hall County

FEMA does not publish these numbers by city: they are for all of Hall County.

Homes in the high-risk zone
0.6%
418
Of those, with NFIP insurance
4.6%
County Georgia U.S.
Homes in the high-risk zone 0.6% 2% 3.5%
Of those, with NFIP insurance 4.6% 43% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Oakwood

Typical rent in Oakwood is $1,560 a month: 16% above the county. In Oakwood, 64% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hall County, by unit size. To pay the 2-bedroom one ($1,543 a month) without spending more than 30% of your income, you would need to earn $29.67 an hour working full time.

HUD fair market rent for all of Hall County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,185 $22.79 $47,400
1 bedroom $1,417 $27.25 $56,680
2 bedrooms $1,543 $29.67 $61,720
3 bedrooms $1,860 $35.77 $74,400
4 bedrooms $2,222 $42.73 $88,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Oakwood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Oakwood has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,590 in 30566 to $1,900 in 30542.

2 of the 2 are above the fair market rent for Hall County ($1,543).

  • 30542 $1,900$2,290
  • 30566 $1,590$1,920

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Oakwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Oakwood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hall County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Oakwood

No down payment, repair or rent-help program on our list is for Oakwood or Hall County. The ones below are statewide in Georgia: they work in Oakwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Georgia

  • Georgia Dream Homeownership Program

    Statewide in Georgia

    Georgia state program for first-time buyers: a mortgage with down payment assistance of up to 5% of the price or $10,000, as a 0% second mortgage with no monthly payments. Offered by Georgia Department of Community Affairs.

    Deferred

    See the program Official page

  • Georgia Dream Peach Plus Loan Program

    Statewide in Georgia

    FHA or VA mortgage from the Georgia Dream program with down payment assistance of 3.5% of the price (up to $10,000), or 4% (up to $12,500) for police officers, educators, health care workers, military members or families with a person with a disability; no first-time buyer requirement. Offered by Georgia Department of Community Affairs.

    Type not stated

    See the program Official page

Housing counselors near Oakwood

The HUD-approved agencies closest to the center of Oakwood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • NSC (naca Counseling Subsidiary) - Atlanta, GA

    3690 N Peachtree Rd, Atlanta · 32 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (404) 377-4545

  • Center for Pan Asian Community Services, Inc

    3510 Shallowford Rd NE, Atlanta · 32 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (770) 936-0969

  • Catholic Charities of the Archdiocese of Atlanta

    2305 Parklake Dr NE, Atlanta · 33 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (770) 790-3112

All counseling agencies in Georgia

Help in Spanish near Oakwood

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Oakwood

In HUD’s record, no housing authority with an office in Hall County is named for Oakwood or Hall County.

One other authority has an office in Hall County: see the list Source: HUD

Cities

Other cities in Hall County

These cities are also in Hall County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hall County Housing in Georgia

Nearby cities

The cities closest to Oakwood, with the typical home value.

Neighboring counties

If Hall County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Oakwood.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Oakwood

Short answers with the numbers for Oakwood and all of Hall County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Oakwood?

The typical home value in Oakwood is $306,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hall County it is $350,400.

How much does it cost to rent in Oakwood?

Typical rent in Oakwood is $1,560 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hall County is $1,543.

What is the FHA loan limit in Oakwood?

Oakwood uses the FHA limit for all of Hall County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Oakwood?

The typical homeowner in Oakwood pays $2,695 a year, according to the U.S. Census Bureau. That is 0.88% of the home’s value; in Hall County, the rate is 0.73%.

Where can I find free help to buy or rent in Oakwood?

We found no HUD-approved counseling agencies with an office in Hall County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).