Mortgage Rates in Oakdale, Minnesota — March 2026
Updated March 2026 | Based on Oakdale market data and regional lending conditions
Oakdale is a growing city in Minnesota with a population of 28,185. The current 30-year fixed mortgage rate in Oakdale is 6.69%, which is 0.04% above the national average. With a median home price of $264,000 and a 20% down payment of $52,800, homebuyers can expect a monthly principal and interest payment of approximately $1,361.
Current Mortgage Rates in Oakdale, MN
Below are the current average mortgage rates available in the Oakdale area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Oakdale Housing Market Overview
The Oakdale housing market offers relatively affordable housing compared to many major cities. The median household income in Oakdale is $76,500, and the cost of living index is 94.3 (national average = 100). Based on the 28% affordability rule, the median income in Oakdale is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Oakdale
Based on the median home price of $264,000 with 20% down ($52,800), here is what you can expect to pay monthly in Oakdale:
15-Year vs. 30-Year Mortgage in Oakdale
Choosing a 15-year mortgage in Oakdale at 5.94% instead of a 30-year at 6.69% would save you $170,460 in total interest over the life of the loan. However, your monthly payment would be $1,775 instead of $1,361 — an increase of $414 per month.
Calculate Your Oakdale Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Oakdale
What are the current mortgage rates in Oakdale, MN?
As of March 2026, the average 30-year fixed mortgage rate in Oakdale, Minnesota is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Oakdale?
Based on the median home price of $264,000 with 20% down, the estimated monthly mortgage payment in Oakdale is $1,361 for principal and interest. Including property taxes of $260/month, the total monthly housing cost is approximately $1,621.
What income do I need to buy a home in Oakdale?
Using the 28% rule, you would need an annual income of approximately $69,471 to afford the median-priced home in Oakdale at $264,000. The median household income in Oakdale is $76,500. The median income is currently sufficient to meet this threshold.
Is Oakdale a good place to buy a home in 2026?
Oakdale offers a below-average cost of living with a cost of living index of 94.3 (national average = 100). The property tax rate in Minnesota is 1.18%, which is near the national average. Oakdale has a population of 28,185 and offers a very affordable lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Oakdale, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.