Home Values

Oakham Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$239,900

  • -2.6% 1-year change
  • -0.2% 1-year forecast

The median home value in Oakham is $239,900. Oakham home values have declined -2.6% over the past year and Zillow predicts they will fall -0.2% within the next year. The median price of homes currently listed in Oakham is $297,900.

Foreclosures will be a factor impacting home values in the next several years. In Oakham 11.2 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 5.4 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oakham is 13.6%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oakham homeowners underwater on their mortgage is 6.0%, which is lower than Worcester Metro at 15.2%.

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Relative ZHVI
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Oakham Market Overview

Data through May 31, 2015
  • $239,900 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No recent data Median listing price
  • No data Median sale price
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Oakham Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 6.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 13.6% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

11.2 homes(Mar 31, 2015) Oakham
5.4 homes Worcester Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Paxton $255,100
Town of Rutland $230,200
Hubbardston $217,600
Name Median ZHVI
Leicester $209,700
Town of East Brookfield $195,700
Town of Spencer $186,400
Name Median ZHVI
Town of North Brookfield $182,600
Town of West Brookfield $182,600
Town of Barre $177,400

Listings & Sales

  • No data
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Oakham Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,702 Oakham
    $1,573 Worcester Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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