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 | Blaine County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,905 | $127,500 | $242,182 |
| Price Trend (Annual %) | 32.8% | 5.5% | 8.2% |
| Median Gross Rent | $842 | $979 | $1,342 |
| Rent Trend (Annual %) | 7.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Blaine County is about 58% higher than in Oklahoma. Rent is about 14% 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 Blaine County, up about 32.8% and 7.1% a year respectively. Home prices are changing faster.
Median rent in Blaine County rose about 53.4% between 2015 and 2023, from $549 to $842. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Blaine County.
Buying the median-priced home in Blaine County costs roughly 20.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Blaine County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Blaine County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,905 | $127,500 | $242,182 |
| Median Household Income | $59,006 | $63,953 | $78,145 |
| Price-to-Income Ratio | 3.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Blaine County rose about 669.1%, while median household income rose about 52.1% 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 | Blaine County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 57.6% | 58.2% |
| Rental Rate | 21.2% | 29.9% | 31.3% |
| Vacancy Rate | 26.1% | 12.5% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Blaine County has a homeownership rate of 52.8%, lower than the Oklahoma average of 57.6%. Its housing vacancy rate is 26.1%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Blaine County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1976 | 1980 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Blaine County was built around 1976. On average, 2.2 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Blaine County, Oklahoma.
What is the median home price in Blaine County, Oklahoma?
The median home price in Blaine County, Oklahoma is $201,905, higher than the Oklahoma average of $127,500.
What is the average home price in Blaine 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 Blaine County, Oklahoma?
The median gross rent in Blaine County, Oklahoma is $842 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Blaine County in 2020?
In 2020, the median gross rent in Blaine County, Oklahoma was $611 per month.
What is the price-to-rent ratio in Blaine County, Oklahoma?
The price-to-rent ratio in Blaine County, Oklahoma is about 20.0, meaning it would take roughly 20.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Blaine County.
Are home prices or rent rising faster in Blaine County, Oklahoma?
Both home prices and rent are rising in Blaine County, up about 32.8% and 7.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Blaine County, Oklahoma?
52.8% of households in Blaine County, Oklahoma own their home, lower than the Oklahoma average of 57.6%.
What is the vacancy rate in Blaine County, Oklahoma?
The housing vacancy rate in Blaine County, Oklahoma is 26.1%, higher than the Oklahoma average of 12.5%.