Oakley, Utah.
Typical home $745,475 (+5.1% in a year). Heber, UT metro.
to buy the typical home at today's mortgage rate — +$2,377 (+155%) since Jan 2020.
- 1 year
- Up $36,138 +5%
- $709,337$745,475 since Sep 2025
- 5 years
- Up $123,583 +20%
- $621,892$745,475 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.
- Oakley$3,913
- Utah$2,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in Oakley, UT rose 5.1% over the past year — faster than the nation's +1.2%.
Living in Oakley, Summit County, Utah
Oakley is a city of 1,588 people in Summit County. 91% of its homes are lived in by their owners and 9% are rented. Unemployment in Summit County was 3.0% in August 2026, and the county had 2.2% more jobs in 2025 than the year before. The most people in Summit County work in schools and health care, then professional services.
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 It can be wrong or out of date.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. Oakley is a small city in Summit County, with a young population compared with much of the country. Nearly everyone who lives here owns their home, and few people live below the poverty line. Winters are cold, with the coldest weather in December, and a great deal of snow falls over the year. Summers are warm in July, and the year's rain and melted snow add up to a modest amount.
Work. Residents work mostly in schools, hospitals and social care, professional and business services, restaurants, hotels and entertainment, and banks, insurance and property. Across Summit County, some of the largest workplaces are Deer Valley Resort Company, Montage Deer Valley and Park City Hospital. Unemployment in the county is low and has eased a little over the past year, and the county has added jobs. Many people work from home, and the typical commute is a fairly short one.
Things to do. Wasatch National Forest, a protected area, and Rockport Reservoir are both a short drive away, for walking, time by the water and open country. Farther afield, Deer Valley and Park City Mountain Resort are ski areas a longer drive away, which suits the snowy winters.
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- 461households
- 38%of adults have a degree
- 6%below the poverty line
- 23 mintypical commute
- 21%work from home
What people in Summit County work in
Employed residents by industry, from the Census survey. Summit County had 32,506 jobs in 2025, 2.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 34° and lows near 16°; warmest in July, with highs near 84° and lows near 50°. About 97 inches of snow and 17 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Kamas weather station, 7 miles away (NOAA).
Largest workplaces in Summit County
- Deer Valley Resort CompanySki resorts with accommodations1,576
- VR-CPC HoldingsAlpine skiing facilities without accomodations912
- Montage Deer ValleyHotels499
- Park City HospitalGeneral hospital325FTE
- Sundance InstituteBroadway theaters324
- The Lodge At Blue Sky, Auberge CollectionHotels, resort, without casinos206
- Flare ConstructionCompressor, metering and pumping station, gas and oil pipeline, construction192
- Triumph Geared SolutionsAircraft assemblies, subassemblies, and parts manufacturing185
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 44 workplaces with 20 or more staff, 6,982 people in all across the county; Oakley has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023); 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
- LightningVery high
- AvalanchesVery high
- Winter weatherVery high
- WildfireRelatively high
- Strong windRelatively high
- LandslidesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Oakley’s census tracts, against the rest of the country; all of them together, very high. 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 Summit County and the Heber, UT metro.
Oakley home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oakley$745,475
- Utah$532,920
- United States$366,157
Sellers are cutting prices on about 1 in 4 Oakley listings — the market is roughly in balance.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Oakley26.36%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Oakley34
New listings per month
Sellers arriving at the market.
- Oakley7
Zip codes with a Oakley address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oakley — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.