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Oldenburg

Learn about the people, housing, costs and businesses in Oldenburg, Indiana

Median Home$287,000
Median Rent$968/month
Population661
Leading IndustriesRetail · Transportation24% retail
Home Value Growth+8.3% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners86% of occupied units
NotableTransit86/100 · excellent transit access
NotableHigh Incomes$86k/year · top 29% nationally
Oldenburg
IN

Frequently Asked Questions

What are today's mortgage rates in Oldenburg?

As of today, the 30-year fixed mortgage rate for Oldenburg is approximately 7.059% (7.101% 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 Oldenburg?

The median home value in Oldenburg is $287k. The median monthly rent is $968. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oldenburg?

Home values in Oldenburg have increased 8.3% over the past two years. This represents moderate growth. 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 Oldenburg?

Based on a typical all-in ownership cost of $1,170/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oldenburg is $86k/year.

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What industries drive the economy in Oldenburg?

The largest employment sectors in Oldenburg are retail (24%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.