Broken Arrow, Oklahoma Housing Market Prices
Broken Arrow 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 104% above the Oklahoma median$271,797
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Median rent 32% above the Oklahoma median$1,336
Housing Market Overview
| Metric | Broken Arrow | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,797 | $133,462 | $248,835 |
| Price Trend (Annual %) | 8.3% | 5.4% | 7.5% |
| Median Gross Rent | $1,336 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Broken Arrow is about 104% higher than in Oklahoma. Rent is about 32% higher 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 Broken Arrow, up about 8.3% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Broken Arrow rose about 39.0% between 2015 and 2024, from $961 to $1,336. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Broken Arrow.
Buying the median-priced home in Broken Arrow costs roughly 16.9 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 Broken Arrow. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Broken Arrow | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,797 | $133,462 | $248,835 |
| Median Household Income | $86,450 | $65,606 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Broken Arrow rose about 97.1%, while median household income rose about 32.4% between 2009 and 2025 — 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 | Broken Arrow | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.3% | 57.9% | 58.5% |
| Rental Rate | 26.0% | 30.1% | 31.2% |
| Vacancy Rate | 4.6% | 12.0% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Broken Arrow has a homeownership rate of 69.3%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 4.6%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Broken Arrow | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1992 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in Broken Arrow was built around 1992. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Broken Arrow, OK Housing Compared With Nearby Cities
How Broken Arrow, OK compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Broken Arrow, OK | 112,740 | $271,797 #2/2 | $1,336 #2/2 | 72.7% #2/2 |
| Bixby, OK | 24,819 | $450,717 | $1,478 | 80.2% |
Frequently Asked Questions
Common questions about the housing market in Broken Arrow, Oklahoma.
What is the median home price in Broken Arrow, Oklahoma?
The median home price in Broken Arrow, Oklahoma is $271,797, higher than the Oklahoma average of $133,462.
What is the average home price in Broken Arrow, Oklahoma?
The typical home price in Broken Arrow, Oklahoma, reported as the median sale price, is $271,797. 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 Broken Arrow, Oklahoma?
The median gross rent in Broken Arrow, Oklahoma is $1,336 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Broken Arrow in 2020?
In 2020, the median gross rent in Broken Arrow, Oklahoma was $1,078 per month.
What is the price-to-rent ratio in Broken Arrow, Oklahoma?
The price-to-rent ratio in Broken Arrow, Oklahoma is about 16.9, meaning it would take roughly 16.9 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 Broken Arrow.
Are home prices or rent rising faster in Broken Arrow, Oklahoma?
Both home prices and rent are rising in Broken Arrow, up about 8.3% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Broken Arrow, Oklahoma?
69.3% of households in Broken Arrow, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Broken Arrow, Oklahoma?
The housing vacancy rate in Broken Arrow, Oklahoma is 4.6%, lower than the Oklahoma average of 12.0%.
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