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City · 9,458 residents · Montgomery County, Ohio

Oakwood , Ohio

In Oakwood, a typical home is worth $370,100 and typical rent is $1,416 a month. Compared with all of Montgomery County, typical household income is 137% higher, the typical home value is 105% higher, and the share of households that own their home is 20 points higher.

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  • Typical home value

    $370,100

    105% above the county

    72% above Ohio

    • Oakwood
    • Montgomery
    • Ohio

  • Typical rent

    $1,416a month

    38% above the county

    37% above Ohio

    • Oakwood
    • Montgomery
    • Ohio

  • Typical household income

    $156,667a year

    137% above the county

    119% above Ohio

    • Oakwood
    • Montgomery
    • Ohio

  • Households that own their home

    82%

    20 points above the county

    15 points above Ohio

    • Oakwood
    • Montgomery
    • Ohio

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

Market now, with Zillow data

Zillow data
Typical home value
$395,315
2% more than 12 months ago

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

Oakwood is in Montgomery 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 Montgomery 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. The typical household income in Oakwood is $156,667, 137% more than in Montgomery County as a whole ($66,139).

  2. The typical home in Oakwood is worth $370,100, 105% more than in Montgomery County as a whole ($180,900).

  3. Nearby, in Dayton, the typical home value is $100,600: 73% less than in Oakwood ($370,100).

  4. 82% of households in Oakwood own their home, against 62% in Montgomery County.

  5. Nearby, in Dayton, the typical rent is $918: 35% less than in Oakwood ($1,416).

  6. The typical rent in Oakwood is $1,416 a month, 38% more than in Montgomery County as a whole ($1,026).

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

The detached house rules in Oakwood: 82% of homes, more than in Montgomery County (67%).

Year built

In Oakwood, at least half of the homes were built before 1940, and 93% date from before 1960.

Homes in Oakwood are bigger: 75% have 3 bedrooms or more; in Montgomery County, 62%.

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

$2,469 a month

Montgomery County: $1,438 a month

Without a mortgage

$1,018 a month

Montgomery County: $604 a month

Owners with a mortgage

73%

Montgomery County: 61%

The typical cost for an owner with a mortgage in Oakwood is $2,469 a month, more than in Montgomery County ($1,438); without one, $1,018.

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

From 2015–2019 to 2020–2024, home values in Oakwood rose at about the same pace as in Montgomery County: 49% against 51%.

The typical rent in Oakwood stayed about the same over that time: the difference is within the Census margin of error.

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

MeasureOakwoodMontgomery CountyOhioUnited States
Rental vacancy Unreliable estimate4.7%4.4%5.5%
Homeowner vacancy Unreliable estimate1.3%0.8%0.9%
More than one person per room Unreliable estimate1.5%1.5%3.4%
People per household 2.692.242.372.53
Drive alone 74%76%75%69%
Carpool 6%8%8%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 17%12%13%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Oakwood are bigger: 2.69 people on average; in Montgomery County, 2.24.

Working from home is more common in Oakwood: 17%, against 12% in Montgomery County.

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 is within reach of the typical income

We start with a typical home in Oakwood, worth $370,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Oakwood, which is $156,667 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery 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 $12,954 (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

$3,471

at 7.18% · 30 years

Loan amount
$363,396
Total interest
$522,842
Paid off in
November 2056

Includes $6,250 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,656 a month

    Your payment · 27%

  • Tight

    $3,656 to $4,700 a month

  • Hard

    more than $4,700 a month

Compared with the typical household income in Oakwood ($156,667 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,471
Principal & interest$2,462
Property tax$691
Home insurance$154
FHA mortgage insurance (MIP)$164

You need at least $12,954 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 Montgomery County

Oakwood is in Montgomery County, Ohio. 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
$370,100
Typical monthly rent
$1,416
Typical yearly household income
$156,667
Households that own their home
82%
Effective property tax rate
2.24%

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

Numbers for all of Montgomery County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,248
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.3%

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 Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Oakwood

A typical home in Oakwood is worth $370,100: 105% above the county and 72% above Ohio. With the typical household income in Oakwood ($156,667 a year), a typical home costs 2.4 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 2.4 years
  • Montgomery 2.7 years
  • Ohio 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 104% in the 10 years through 2025.

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

Period County Ohio U.S.
Last year (2025) +5.7% +4.8% +2.9%
5 years (2020–2025) +56% +53% +47%
10 years (2015–2025) +104% +93% +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 Montgomery County, Ohio and the U.S.

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

Typical home value
  • Oakwood $370,100
  • Montgomery $180,900
  • Ohio $214,800
  • United States $332,700
Typical monthly rent
  • Oakwood $1,416
  • Montgomery $1,026
  • Ohio $1,034
  • United States $1,413
Typical yearly household income
  • Oakwood $156,667
  • Montgomery $66,139
  • Ohio $71,389
  • United States $80,734
See the full table
Oakwood next to Montgomery County and Ohio
Measure Oakwood Montgomery County Ohio U.S.
Typical home value $370,100 $180,900 $214,800 $332,700
Typical monthly rent $1,416 $1,026 $1,034 $1,413
Typical yearly household income $156,667 $66,139 $71,389 $80,734
Households that own their home 82% 62% 67% 65%
Typical yearly property tax $8,284 $3,127 $2,822 $3,119
Effective property tax rate 2.24% 1.73% 1.31% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery 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 $370,100 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 $3,471a month

    Least cash to close
    Down payment
    $12,954
    Cash to close
    $24,057
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $164

  • Conventional, 5% down $3,403a month

    Down payment
    $18,505
    Cash to close
    $29,608
    Rate
    7.18%
    Mortgage insurance
    PMI · $176

  • Conventional, 20% down, no PMI $2,851a month

    Down payment
    $74,020
    Cash to close
    $85,123
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,193a month

    Down payment
    $55,515
    Cash to close
    $66,618
    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 Montgomery County.

Property tax

Effective rate in Oakwood

2.24%of the home’s value each year

$8,284 a year for the typical owner in Oakwood.

  • Oakwood 2.24%
  • Montgomery 1.73%
  • Ohio 1.31%

What Ohio publishes Homestead exemption for seniors and people with disabilities (Ohio Department of Taxation)

Exemptions and deadlines in Ohio

Flood risk in Montgomery County

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

Homes in the high-risk zone
1.3%
2,655
Of those, with NFIP insurance
25%
County Ohio U.S.
Homes in the high-risk zone 1.3% 1.7% 3.5%
Of those, with NFIP insurance 25% 16% 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 $1,416 a month: 38% above the county.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($1,248 a month) without spending more than 30% of your income, you would need to earn $24.00 an hour working full time.

HUD fair market rent for all of Montgomery 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 $909 $17.48 $36,360
1 bedroom $1,008 $19.38 $40,320
2 bedrooms $1,248 $24.00 $49,920
3 bedrooms $1,623 $31.21 $64,920
4 bedrooms $1,774 $34.12 $70,960

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 $1,200 in 45419 to $1,330 in 45409.

1 of the 2 is above the fair market rent for Montgomery County ($1,248).

  • 45409 $1,330$1,730
  • 45419 $1,200$1,560

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.

There are 5 HUD-approved agencies with an office in Montgomery County; 1 says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

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 Montgomery County. The ones below are statewide in Ohio: they work in Oakwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Ohio

  • Your Choice! Down Payment Assistance

    Statewide in Ohio

    Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it. Offered by Ohio Housing Finance Agency (OHFA).

    Forgivable

    See the program Official page

  • Mortgage Tax Credit

    Statewide in Ohio

    Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic). Offered by Ohio Housing Finance Agency (OHFA).

    Tax credit

    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.

  • Miami Valley Community Action Partnership

    719 S Main St, Dayton · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (937) 341-5000

  • County Corp

    130 W 2nd St, Dayton · 3 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    (937) 853-1600

  • Nid-Hca Dayton

    4403 N Main St, 1st FL, Dayton · 7 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (937) 567-0990

Every agency in Montgomery County All counseling agencies in Ohio

Help in Spanish near Oakwood

None 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 Montgomery County is named for Oakwood or Montgomery County.

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

Cities

Other cities in Montgomery County

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

Everything about Montgomery County Housing in Ohio
See 4 more cities in Montgomery County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

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

Neighboring counties

If Montgomery 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
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Oakwood

Short answers with the numbers for Oakwood and all of Montgomery 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 $370,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $180,900.

How much does it cost to rent in Oakwood?

Typical rent in Oakwood is $1,416 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $1,248.

What is the FHA loan limit in Oakwood?

Oakwood uses the FHA limit for all of Montgomery 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 $8,284 a year, according to the U.S. Census Bureau. That is 2.24% of the home’s value; in Montgomery County, the rate is 1.73%.

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

There are 5 HUD-approved counseling agencies with an office in Montgomery County. 1 says it serves in Spanish. 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).