Ardmore, Oklahoma Housing Market Prices
Ardmore 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 47% below the Oklahoma median$71,373
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Median rent About the same as the Oklahoma median$1,016
Housing Market Overview
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $71,373 | $133,462 | $248,835 |
| Price Trend (Annual %) | -1.9% | 5.4% | 7.5% |
| Median Gross Rent | $1,016 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ardmore is about 47% lower than in Oklahoma. Rent follows a similar pattern, running close to the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Ardmore: home prices fell about 1.9% a year while rent rose about 4.6% a year. That is an unusual pattern worth watching.
Median rent in Ardmore rose about 49.4% between 2015 and 2024, from $680 to $1,016. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Ardmore.
Buying the median-priced home in Ardmore costs roughly 5.9 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 Ardmore. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $71,373 | $133,462 | $248,835 |
| Median Household Income | $53,734 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ardmore fell about 22.6%, while median household income rose about 55.1% 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 | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.9% | 57.9% | 58.5% |
| Rental Rate | 40.4% | 30.1% | 31.2% |
| Vacancy Rate | 13.7% | 12.0% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Ardmore has a homeownership rate of 45.9%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 13.7%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1970 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Ardmore was built around 1970. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ardmore, Oklahoma.
What is the median home price in Ardmore, Oklahoma?
The median home price in Ardmore, Oklahoma is $71,373, lower than the Oklahoma average of $133,462.
What is the average home price in Ardmore, Oklahoma?
The typical home price in Ardmore, Oklahoma, reported as the median sale price, is $71,373. 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 Ardmore, Oklahoma?
The median gross rent in Ardmore, Oklahoma is $1,016 per month, about the same as the Oklahoma average.
What was the median gross rent in Ardmore in 2020?
In 2020, the median gross rent in Ardmore, Oklahoma was $797 per month.
What is the price-to-rent ratio in Ardmore, Oklahoma?
The price-to-rent ratio in Ardmore, Oklahoma is about 5.9, meaning it would take roughly 5.9 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 Ardmore.
Are home prices or rent rising faster in Ardmore, Oklahoma?
Home prices and rent are moving in opposite directions in Ardmore: home prices fell about 1.9% a year while rent rose about 4.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ardmore, Oklahoma?
45.9% of households in Ardmore, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Ardmore, Oklahoma?
The housing vacancy rate in Ardmore, Oklahoma is 13.7%, higher than the Oklahoma average of 12.0%.
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