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 | Creek County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,830 | $127,500 | $242,182 |
| Price Trend (Annual %) | 3.5% | 5.5% | 8.2% |
| Median Gross Rent | $910 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Creek County is about 5% lower than in Oklahoma. Rent is about 7% 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 Creek County, up about 3.5% and 3.5% a year respectively. Rent is changing faster.
Median rent in Creek County rose about 32.1% between 2015 and 2023, from $689 to $910. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Creek County.
Buying the median-priced home in Creek County costs roughly 11.1 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 Creek County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Creek County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,830 | $127,500 | $242,182 |
| Median Household Income | $62,096 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Creek County rose about 20.4%, while median household income rose about 49.7% 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 | Creek County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 57.6% | 58.2% |
| Rental Rate | 22.6% | 29.9% | 31.3% |
| Vacancy Rate | 11.3% | 12.5% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Creek County has a homeownership rate of 66.0%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 11.3%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Creek County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1982 | 1980 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Creek County was built around 1982. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Creek County, Oklahoma.
What is the median home price in Creek County, Oklahoma?
The median home price in Creek County, Oklahoma is $120,830, lower than the Oklahoma average of $127,500.
What is the average home price in Creek 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 Creek County, Oklahoma?
The median gross rent in Creek County, Oklahoma is $910 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Creek County in 2020?
In 2020, the median gross rent in Creek County, Oklahoma was $789 per month.
What is the price-to-rent ratio in Creek County, Oklahoma?
The price-to-rent ratio in Creek County, Oklahoma is about 11.1, meaning it would take roughly 11.1 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 Creek County.
Are home prices or rent rising faster in Creek County, Oklahoma?
Both home prices and rent are rising in Creek County, up about 3.5% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Creek County, Oklahoma?
66.0% of households in Creek County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Creek County, Oklahoma?
The housing vacancy rate in Creek County, Oklahoma is 11.3%, lower than the Oklahoma average of 12.5%.