Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Adair County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $105,826 | $127,500 | $242,182 |
| Price Trend (Annual %) | 9.9% | 5.5% | 8.2% |
| Median Gross Rent | $650 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Adair County is about 17% lower than in Oklahoma. Rent is about 34% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Adair County, up about 9.9% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Adair County rose about 23.9% between 2015 and 2023, from $525 to $650. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Adair County.
Buying the median-priced home in Adair County costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Adair County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Adair County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $105,826 | $127,500 | $242,182 |
| Median Household Income | $46,741 | $63,953 | $78,145 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Adair County rose about 71.9%, while median household income rose about 56.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Adair County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 57.6% | 58.2% |
| Rental Rate | 27.3% | 29.9% | 31.3% |
| Vacancy Rate | 14.7% | 12.5% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Adair County has a homeownership rate of 58.0%, about the same as the Oklahoma average of 57.6%. Its housing vacancy rate is 14.7%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Adair County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1984 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Adair County was built around 1984. On average, 2.8 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Adair County, Oklahoma.
What is the median home price in Adair County, Oklahoma?
The median home price in Adair County, Oklahoma is $105,826, lower than the Oklahoma average of $127,500.
What is the average home price in Adair County, Oklahoma?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Adair County, Oklahoma?
The median gross rent in Adair County, Oklahoma is $650 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Adair County in 2020?
In 2020, the median gross rent in Adair County, Oklahoma was $533 per month.
What is the price-to-rent ratio in Adair County, Oklahoma?
The price-to-rent ratio in Adair County, Oklahoma is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Adair County.
Are home prices or rent rising faster in Adair County, Oklahoma?
Both home prices and rent are rising in Adair County, up about 9.9% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Adair County, Oklahoma?
58.0% of households in Adair County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Adair County, Oklahoma?
The housing vacancy rate in Adair County, Oklahoma is 14.7%, higher than the Oklahoma average of 12.5%.