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 | Atoka County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,177 | $127,500 | $242,182 |
| Price Trend (Annual %) | 1.7% | 5.5% | 8.2% |
| Median Gross Rent | $708 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Atoka County is about 54% lower than in Oklahoma. Rent is about 28% 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 Atoka County, up about 1.7% and 3.6% a year respectively. Rent is changing faster.
Median rent in Atoka County rose about 21.7% between 2015 and 2023, from $582 to $708. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Atoka County.
Buying the median-priced home in Atoka County costs roughly 7.0 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 Atoka County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Atoka County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $59,177 | $127,500 | $242,182 |
| Median Household Income | $52,220 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Atoka County fell about 2.5%, while median household income rose about 68.0% between 2009 and 2023 — 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 | Atoka County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.3% | 57.6% | 58.2% |
| Rental Rate | 19.6% | 29.9% | 31.3% |
| Vacancy Rate | 19.1% | 12.5% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Atoka County has a homeownership rate of 61.3%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 19.1%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Atoka County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 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 Atoka County was built around 1984. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Atoka County, Oklahoma.
What is the median home price in Atoka County, Oklahoma?
The median home price in Atoka County, Oklahoma is $59,177, lower than the Oklahoma average of $127,500.
What is the average home price in Atoka 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 Atoka County, Oklahoma?
The median gross rent in Atoka County, Oklahoma is $708 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Atoka County in 2020?
In 2020, the median gross rent in Atoka County, Oklahoma was $573 per month.
What is the price-to-rent ratio in Atoka County, Oklahoma?
The price-to-rent ratio in Atoka County, Oklahoma is about 7.0, meaning it would take roughly 7.0 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 Atoka County.
Are home prices or rent rising faster in Atoka County, Oklahoma?
Both home prices and rent are rising in Atoka County, up about 1.7% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Atoka County, Oklahoma?
61.3% of households in Atoka County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Atoka County, Oklahoma?
The housing vacancy rate in Atoka County, Oklahoma is 19.1%, higher than the Oklahoma average of 12.5%.