Oaktown, IN
Population 724 · Indiana
About Oaktown, IN
Oaktown is a small community located in Indiana with a population of 724 residents according to the latest US Census Bureau American Community Survey data. The median household income is $30,417 per year, which is 60% below the national median of $75,149. The median age of 48.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Oaktown features a median home value of $67,700, which is 72% below the national median of $244,900. This makes Oaktown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $705, 39% below the national average of $1,163/month. Of the 372 total housing units, 62% are owner-occupied (200 units) and 38% are renter-occupied (123 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Oaktown shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oaktown have an average one-way commute time of 22.3 minutes.
Education & Demographics
3.2% of Oaktown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.1% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 1.0% Asian residents, with 0.0% of the population being foreign-born.
How Oaktown Ranks in Indiana
Cost of Living in Oaktown, IN
Compared to national averages, Oaktown has a median household income of $30,417 (60% below the national median of $75,149). Home values average $67,700, which is 72% below the national median. Monthly rent at $705 is 39% below the US average of $1,163. Within Indiana, Oaktown's income is 56% below the state average of $69,330, and home values are 59% below the state median of $163,409.
Why Live in Oaktown, IN?
Oaktown offers affordable housing with a median home value of $67,700, below the US average of $244,900, and rent that’s lower than the national average at $705/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 5.2%, better than the national average, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($30,417) that falls below the national average. However, Oaktown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oaktown has a population of 724 with a median age of 48.8 years. Compare Oaktown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Oaktown
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Oaktown
What is the population of Oaktown, IN?
The population of Oaktown, IN is 724 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Oaktown?
The median household income in Oaktown, IN is $30,417 per year, which is 60% below the national median of $75,149.
What is the median home value in Oaktown?
The median home value in Oaktown, IN is $67,700, which is 72% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oaktown?
The median monthly rent in Oaktown, IN is $705, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Oaktown?
The unemployment rate in Oaktown, IN is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oaktown, IN a good place to live?
Oaktown offers a moderate cost of living, affordable housing, and a strong job market. With a population of 724 and a median age of 48.8, the city appeals to established professionals and retirees.
How educated is Oaktown, IN?
3.2% of residents in Oaktown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Oaktown?
Key cost-of-living indicators for Oaktown, IN: median home value is $67,700 (72% below national), median rent is $705/month, and median household income is $30,417. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oaktown?
The poverty rate in Oaktown, IN is 5.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oaktown, IN?
Oaktown's population is 1.1% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.