Oaktown, Indiana.
Typical home $177,608 (+3.2% in a year). Vincennes, IN metro.
to buy the typical home at today's mortgage rate — +$562 (+152%) since Jan 2020.
- 1 year
- Up $5,509 +3%
- $172,099$177,608 since Sep 2025
- 5 years
- Up $49,311 +38%
- $128,297$177,608 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.
- Oaktown$932
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Oaktown, IN rose 3.2% over the past year — faster than the nation's +1.2%.
Living in Oaktown, Knox County, Indiana
Oaktown is a town of 581 people in Knox County. Unemployment in Knox County was 3.5% in August 2026, and the county had 1.6% fewer jobs in 2025 than the year before. The most people in Knox County work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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. Oaktown is a very small town in Knox County, Indiana, where residents tend to be older than in most places and few adults hold a four-year degree. Homes here are modestly priced, and poverty is uncommon. Winters are cold and somewhat snowy, summers turn warm, and rain and melting snow arrive steadily through the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels also providing a good share of jobs. Across Knox County, the largest workplaces include Vincennes University, Good Samaritan Hospital and Vincennes Community School. Unemployment in the county is a little lower than a year ago, though the county has lost some jobs over the past year, and very few people here work from home.
Things to do. The closest of the nearby places is Swan Island Site, an archaeological site a short drive away. A longer drive brings you to George Rogers Clark National Historical Park, a museum on the history of the area, and to Shakamak State Park, a protected area for time outdoors.
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- 5%of adults have a degree
- 4%below the poverty line
- 2%work from home
What people in Knox County work in
Employed residents by industry, from the Census survey. Knox County had 16,811 jobs in 2025, 1.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 22°; warmest in July, with highs near 86° and lows near 67°. About 15 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Freelandville weather station, 7 miles away (NOAA).
Largest workplaces in Knox County
- Vincennes UniversityUniversity or college1,494
- Good Samaritan HospitalGeneral hospital1,369FTE
- Farbest Foods VincennesPoultry processing450
- Vincennes Community School CorpSchool district392FTE
- WalmartWarehouse clubs and supercenters315
- Vincennes BakeryBakery products, fresh, made in commercial bakeries180
- Duke EnergyFossil fuel electric power generation177
- North Knox School CorpSchool district169FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 44 workplaces with 20 or more staff, 5,176 people in all across the county; Oaktown has one of its own. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) 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
- DroughtRelatively moderate
- EarthquakesRelatively moderate
- Strong windRelatively moderate
- LightningRelatively moderate
- Winter weatherRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Oaktown’s census tracts, against the rest of the country; all of them together, relatively low. 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 Knox County and the Vincennes, IN metro.
Oaktown home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oaktown$177,608
- Indiana$257,165
- 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.
Not enough data to draw this yet.
Zip codes with a Oaktown address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oaktown — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.