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Oak Grove

Learn about the people, housing, costs and businesses in Oak Grove, Louisiana

Median Home$97,152
Median Rent$757/month
Population1,312
Leading IndustriesWholesale Trade · Agriculture & Mining · Construction13% wholesale trade
Home Value Growth⬆⬆⬆+23.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners80% of occupied units
NotableAffordable Market$97k median home · lower cost than 93% of the country
Oak Grove
LA

Frequently Asked Questions

What are today's mortgage rates in Oak Grove?

As of today, the 30-year fixed mortgage rate for Oak Grove is approximately 7.024% (7.065% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Oak Grove?

The median home value in Oak Grove is $97k. The median monthly rent is $757. Annual property taxes average $199. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Grove?

Home values in Oak Grove have increased 23.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Oak Grove?

Based on a typical all-in ownership cost of $503/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Grove is $46k/year.

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What industries drive the economy in Oak Grove?

The largest employment sectors in Oak Grove are public administration (24%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.