Craig County, Oklahoma Housing Market Prices
Craig 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 45% below the Oklahoma median Cheaper than 75% of counties in Oklahoma$73,125
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Median rent 20% below the Oklahoma median$810
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Craig County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,125 | $133,462 | $248,835 |
| Price Trend (Annual %) | 8.2% | 5.4% | 7.5% |
| Median Gross Rent | $810 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Craig County is about 45% lower than in Oklahoma. Rent is about 20% 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 Craig County, up about 8.2% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Craig County rose about 30.4% between 2015 and 2024, from $621 to $810. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Craig County.
Buying the median-priced home in Craig County costs roughly 7.5 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 Craig County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Craig County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,125 | $133,462 | $248,835 |
| Median Household Income | $53,116 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Craig County rose about 2.0%, while median household income rose about 23.7% 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 | Craig County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 57.9% | 58.5% |
| Rental Rate | 21.4% | 30.1% | 31.2% |
| Vacancy Rate | 18.7% | 12.0% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Craig County has a homeownership rate of 60.0%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 18.7%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Craig County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1975 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Craig County was built around 1975. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Craig County, OK Housing Compared With Nearby Counties
Craig County, OK is the smallest of the 5 counties compared here, 14,302 residents against a local median of 34,967. The measure that sets Craig County, OK apart most is median home price: $73,125, 43% below the local median of $127,245.
The counties themselves spread $114,018 on median home price, so Craig County, OK sits at one end of an already wide local range rather than apart from it. Craig County, OK has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Craig County, OK | 14,302 | $73,125 #4/5 | $810 #3/5 | 73.7% #4/5 |
| Ottawa County, OK | 30,341 | $95,116 | $787 | 67.5% |
| Labette County, KS | 19,869 | $66,547 | $745 | 74.0% |
| Mayes County, OK | 39,594 | $180,565 | $857 | 74.4% |
| Delaware County, OK | 41,279 | $159,375 | $913 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Craig County, Oklahoma.
What is the median home price in Craig County, Oklahoma?
The median home price in Craig County, Oklahoma is $73,125, lower than the Oklahoma average of $133,462.
What is the average home price in Craig County, Oklahoma?
The typical home price in Craig County, Oklahoma, reported as the median sale price, is $73,125. 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 Craig County, Oklahoma?
The median gross rent in Craig County, Oklahoma is $810 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Craig County in 2020?
In 2020, the median gross rent in Craig County, Oklahoma was $726 per month.
What is the price-to-rent ratio in Craig County, Oklahoma?
The price-to-rent ratio in Craig County, Oklahoma is about 7.5, meaning it would take roughly 7.5 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 Craig County.
Are home prices or rent rising faster in Craig County, Oklahoma?
Both home prices and rent are rising in Craig County, up about 8.2% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Craig County, Oklahoma?
60.0% of households in Craig County, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Craig County, Oklahoma?
The housing vacancy rate in Craig County, Oklahoma is 18.7%, higher than the Oklahoma average of 12.0%.
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