Carter County, Oklahoma Housing Market Prices
Carter 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 44% below the Oklahoma median Cheaper than 72% of counties in Oklahoma$74,826
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Median rent 3% below the Oklahoma median More expensive than 92% of counties in Oklahoma$980
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carter County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,826 | $133,462 | $248,835 |
| Price Trend (Annual %) | 3.2% | 5.4% | 7.5% |
| Median Gross Rent | $980 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carter County is about 44% lower than in Oklahoma. Rent is about 3% 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 Carter County, up about 3.2% and 4.4% a year respectively. Rent is changing faster.
Median rent in Carter County rose about 45.1% between 2015 and 2024, from $675 to $980. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Carter County.
Buying the median-priced home in Carter County costs roughly 6.4 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 Carter County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Carter County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,826 | $133,462 | $248,835 |
| Median Household Income | $61,138 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carter County rose about 39.4%, while median household income rose about 53.9% 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 | Carter County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 57.9% | 58.5% |
| Rental Rate | 29.2% | 30.1% | 31.2% |
| Vacancy Rate | 11.9% | 12.0% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Carter County has a homeownership rate of 58.9%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 11.9%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Carter County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1977 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Carter County was built around 1977. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Carter County, OK Housing Compared With Nearby Counties
How Carter County, OK compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carter County, OK | 48,553 | $74,826 #3/3 | $980 #1/3 | 66.8% #3/3 |
| Murray County, OK | 13,753 | $133,536 | $880 | 72.1% |
| Marshall County, OK | 15,792 | $172,115 | $823 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Carter County, Oklahoma.
What is the median home price in Carter County, Oklahoma?
The median home price in Carter County, Oklahoma is $74,826, lower than the Oklahoma average of $133,462.
What is the average home price in Carter County, Oklahoma?
The typical home price in Carter County, Oklahoma, reported as the median sale price, is $74,826. 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 Carter County, Oklahoma?
The median gross rent in Carter County, Oklahoma is $980 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Carter County in 2020?
In 2020, the median gross rent in Carter County, Oklahoma was $787 per month.
What is the price-to-rent ratio in Carter County, Oklahoma?
The price-to-rent ratio in Carter County, Oklahoma is about 6.4, meaning it would take roughly 6.4 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 Carter County.
Are home prices or rent rising faster in Carter County, Oklahoma?
Both home prices and rent are rising in Carter County, up about 3.2% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Carter County, Oklahoma?
58.9% of households in Carter County, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Carter County, Oklahoma?
The housing vacancy rate in Carter County, Oklahoma is 11.9%, lower than the Oklahoma average of 12.0%.
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