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 | Cimarron County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $40,625 | $127,500 | $242,182 |
| Price Trend (Annual %) | -4.8% | 5.5% | 8.2% |
| Median Gross Rent | $681 | $979 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cimarron County is about 68% lower than in Oklahoma. Rent is about 30% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Cimarron County: home prices fell about 4.8% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
Median rent in Cimarron County rose about 73.6% between 2015 and 2023, from $392 to $681. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Cimarron County.
Buying the median-priced home in Cimarron County costs roughly 5.0 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 Cimarron County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Cimarron County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $40,625 | $127,500 | $242,182 |
| Median Household Income | $57,964 | $63,953 | $78,145 |
| Price-to-Income Ratio | 0.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Cimarron County fell about 11.7%, while median household income rose about 85.2% 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 | Cimarron County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.6% | 57.6% | 58.2% |
| Rental Rate | 11.7% | 29.9% | 31.3% |
| Vacancy Rate | 48.7% | 12.5% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Cimarron County has a homeownership rate of 39.6%, lower than the Oklahoma average of 57.6%. Its housing vacancy rate is 48.7%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Cimarron County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.18 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1962 | 1980 | 1978 |
| Median Number of Rooms | 6.0 | 5.5 | 5.5 |
The typical housing unit in Cimarron County was built around 1962. On average, 3.2 people live in a home with about 6.0 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cimarron County, Oklahoma.
What is the median home price in Cimarron County, Oklahoma?
The median home price in Cimarron County, Oklahoma is $40,625, lower than the Oklahoma average of $127,500.
What is the average home price in Cimarron 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 Cimarron County, Oklahoma?
The median gross rent in Cimarron County, Oklahoma is $681 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Cimarron County in 2020?
In 2020, the median gross rent in Cimarron County, Oklahoma was $578 per month.
What is the price-to-rent ratio in Cimarron County, Oklahoma?
The price-to-rent ratio in Cimarron County, Oklahoma is about 5.0, meaning it would take roughly 5.0 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 Cimarron County.
Are home prices or rent rising faster in Cimarron County, Oklahoma?
Home prices and rent are moving in opposite directions in Cimarron County: home prices fell about 4.8% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cimarron County, Oklahoma?
39.6% of households in Cimarron County, Oklahoma own their home, lower than the Oklahoma average of 57.6%.
What is the vacancy rate in Cimarron County, Oklahoma?
The housing vacancy rate in Cimarron County, Oklahoma is 48.7%, higher than the Oklahoma average of 12.5%.