Edmond, Oklahoma Housing Market Prices
Edmond 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 28% above the Oklahoma median$171,007
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Median rent 32% above the Oklahoma median$1,343
Housing Market Overview
| Metric | Edmond | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,007 | $133,462 | $248,835 |
| Price Trend (Annual %) | -4.5% | 5.4% | 7.5% |
| Median Gross Rent | $1,343 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edmond is about 28% 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
Home prices and rent are moving in opposite directions in Edmond: home prices fell about 4.5% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Edmond rose about 43.5% between 2015 and 2024, from $936 to $1,343. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Edmond.
Buying the median-priced home in Edmond costs roughly 10.6 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 Edmond. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Edmond | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,007 | $133,462 | $248,835 |
| Median Household Income | $100,284 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Edmond fell about 34.9%, while median household income rose about 54.5% 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 | Edmond | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.4% | 57.9% | 58.5% |
| Rental Rate | 28.7% | 30.1% | 31.2% |
| Vacancy Rate | 5.9% | 12.0% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Edmond has a homeownership rate of 65.4%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 5.9%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Edmond | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1981 | 1978 |
| Median Number of Rooms | 6.3 | 5.5 | 5.5 |
The typical housing unit in Edmond was built around 1993. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edmond, Oklahoma.
What is the median home price in Edmond, Oklahoma?
The median home price in Edmond, Oklahoma is $171,007, higher than the Oklahoma average of $133,462.
What is the average home price in Edmond, Oklahoma?
The typical home price in Edmond, Oklahoma, reported as the median sale price, is $171,007. 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 Edmond, Oklahoma?
The median gross rent in Edmond, Oklahoma is $1,343 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Edmond in 2020?
In 2020, the median gross rent in Edmond, Oklahoma was $1,094 per month.
What is the price-to-rent ratio in Edmond, Oklahoma?
The price-to-rent ratio in Edmond, Oklahoma is about 10.6, meaning it would take roughly 10.6 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 Edmond.
Are home prices or rent rising faster in Edmond, Oklahoma?
Home prices and rent are moving in opposite directions in Edmond: home prices fell about 4.5% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Edmond, Oklahoma?
65.4% of households in Edmond, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Edmond, Oklahoma?
The housing vacancy rate in Edmond, Oklahoma is 5.9%, lower than the Oklahoma average of 12.0%.
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