Alfalfa County, Oklahoma Housing Market Prices
Alfalfa County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 48% below the Oklahoma median Cheaper than 79% of counties in Oklahoma$69,676
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Median rent 30% below the Oklahoma median Cheaper than 87% of counties in Oklahoma$705
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Alfalfa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,676 | $133,462 | $248,835 |
| Price Trend (Annual %) | 5.0% | 5.4% | 7.5% |
| Median Gross Rent | $705 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 1.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Alfalfa County is about 48% lower than in Oklahoma. Rent is about 30% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Alfalfa County, up about 5.0% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Alfalfa County rose about 10.5% between 2015 and 2024, from $638 to $705. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Alfalfa County.
Buying the median-priced home in Alfalfa County costs roughly 8.2 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 Alfalfa County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Alfalfa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,676 | $133,462 | $248,835 |
| Median Household Income | $65,978 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Alfalfa County rose about 12.7%, while median household income rose about 62.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Alfalfa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 57.9% | 58.5% |
| Rental Rate | 17.7% | 30.1% | 31.2% |
| Vacancy Rate | 21.4% | 12.0% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Alfalfa County has a homeownership rate of 60.9%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 21.4%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Alfalfa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1959 | 1981 | 1978 |
| Median Number of Rooms | 6.2 | 5.5 | 5.5 |
The typical housing unit in Alfalfa County was built around 1959. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Alfalfa County, OK Housing Compared With Nearby Counties
How Alfalfa County, OK compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Alfalfa County, OK | 5,696 | $69,676 #2/3 | $705 #2/3 | 77.5% #2/3 |
| Major County, OK | 7,628 | $48,109 | $695 | 82.5% |
| Woods County, OK | 8,596 | $90,556 | $849 | 65.3% |
Frequently Asked Questions
Common questions about the housing market in Alfalfa County, Oklahoma.
What is the median home price in Alfalfa County, Oklahoma?
The median home price in Alfalfa County, Oklahoma is $69,676, lower than the Oklahoma average of $133,462.
What is the average home price in Alfalfa County, Oklahoma?
The typical home price in Alfalfa County, Oklahoma, reported as the median sale price, is $69,676. 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 Alfalfa County, Oklahoma?
The median gross rent in Alfalfa County, Oklahoma is $705 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Alfalfa County in 2020?
In 2020, the median gross rent in Alfalfa County, Oklahoma was $579 per month.
What is the price-to-rent ratio in Alfalfa County, Oklahoma?
The price-to-rent ratio in Alfalfa County, Oklahoma is about 8.2, meaning it would take roughly 8.2 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 Alfalfa County.
Are home prices or rent rising faster in Alfalfa County, Oklahoma?
Both home prices and rent are rising in Alfalfa County, up about 5.0% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Alfalfa County, Oklahoma?
60.9% of households in Alfalfa County, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Alfalfa County, Oklahoma?
The housing vacancy rate in Alfalfa County, Oklahoma is 21.4%, higher than the Oklahoma average of 12.0%.
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