Oakham, Massachusetts.
Typical home $480,666 (+2.3% in a year). Worcester, MA-CT metro.
to buy the typical home at today's mortgage rate — +$1,393 (+123%) since Jan 2020.
- 1 year
- Up $10,915 +2%
- $469,750$480,666 since Sep 2025
- 5 years
- Up $99,718 +26%
- $380,947$480,666 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Oakham$2,523
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Oakham, MA rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Oakham, Worcester County, Massachusetts
Oakham is a town of 1,851 people in Worcester County. Half its households earn more than $102,000 a year and half less, against $95,939 across Worcester County; 4% of its people live below the poverty line. 92% of its homes are lived in by their owners and 8% are rented. Unemployment in Worcester County was 4.5% in August 2026, and the county had 1.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Oakham is a small town in Worcester County where nearly everyone owns the home they live in. Residents tend to be older than in most places, and household incomes run a little above the county's, with few people living below the poverty line. A good share of adults hold a four-year degree, and typical home values are well above what many other American towns see.
Work. Residents work mainly in schools, hospitals and social care, the building trades, professional and business services, and banks, insurance and property. Across Worcester County, some of the largest workplaces are UMass Memorial Health, the University of Massachusetts Chan Medical School and Worcester Schools. Commutes are on the long side, and a fair number of people work from home.
Things to do. Spencer State Forest, a protected area, is a short drive away, as is Brooks Pond, a small lake. For a longer drive, Quabbin Reservoir and Lake Chaubunagungamaug offer big stretches of water. Winters are cold and snowy, with a good deal of snow each year, while July brings warm days.
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- 628households
- 40%of adults have a degree
- 4%below the poverty line
- 38 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Worcester County had 356,384 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 13°; warmest in July, with highs near 83° and lows near 58°. About 60 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Barre Falls Dam weather station, 5 miles away (NOAA).
Largest workplaces in Worcester County
- UMass Memorial HealthGeneral medical and surgical hospitals18,140
- University of Massachusetts Chan Medical SchoolUniversity or college5,780
- Worcester SchoolsSchool district4,289FTE
- AmazonGeneral warehousing and storage2,457
- Waters- MilfordChromatographic instruments, laboratory-type, manufacturing2,249
- Consigli Construction CompanyConstruction management, commercial and institutional building1,800
- Bristol-Myers Squibb CompanyPharmaceutical preparations manufacturing1,785
- Venture Community ServicescIntellectual and developmental disability facilities, residential1,673
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 671 workplaces with 20 or more staff, 116,907 people in all across the county; Oakham has none of its own. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Ice stormsVery high
- Strong windRelatively high
- HurricanesRelatively high
- Inland floodingRelatively high
- LightningRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Worcester County, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Worcester County and the Worcester, MA-CT metro.
Oakham home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oakham$480,666
- Massachusetts$655,219
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Oakham13
Zip codes with a Oakham address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oakham — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.