Enid, Oklahoma Housing Market Prices
Enid 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 58% below the Oklahoma median$56,594
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Median rent 10% below the Oklahoma median$916
Housing Market Overview
| Metric | Enid | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,594 | $133,462 | $248,835 |
| Price Trend (Annual %) | 0.9% | 5.4% | 7.5% |
| Median Gross Rent | $916 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Enid is about 58% lower than in Oklahoma. Rent is about 10% 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 Enid, up about 0.9% and 2.4% a year respectively. Rent is changing faster.
Median rent in Enid rose about 28.7% between 2015 and 2024, from $712 to $916. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Enid.
Buying the median-priced home in Enid costs roughly 5.1 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 Enid. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Enid | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,594 | $133,462 | $248,835 |
| Median Household Income | $67,381 | $65,606 | $80,455 |
| Price-to-Income Ratio | 0.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Enid fell about 32.7%, while median household income rose about 55.4% 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 | Enid | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 57.9% | 58.5% |
| Rental Rate | 30.1% | 30.1% | 31.2% |
| Vacancy Rate | 15.4% | 12.0% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Enid has a homeownership rate of 54.5%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 15.4%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Enid | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1968 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Enid was built around 1968. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Enid, Oklahoma.
What is the median home price in Enid, Oklahoma?
The median home price in Enid, Oklahoma is $56,594, lower than the Oklahoma average of $133,462.
What is the average home price in Enid, Oklahoma?
The typical home price in Enid, Oklahoma, reported as the median sale price, is $56,594. 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 Enid, Oklahoma?
The median gross rent in Enid, Oklahoma is $916 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Enid in 2020?
In 2020, the median gross rent in Enid, Oklahoma was $807 per month.
What is the price-to-rent ratio in Enid, Oklahoma?
The price-to-rent ratio in Enid, Oklahoma is about 5.1, meaning it would take roughly 5.1 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 Enid.
Are home prices or rent rising faster in Enid, Oklahoma?
Both home prices and rent are rising in Enid, up about 0.9% and 2.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Enid, Oklahoma?
54.5% of households in Enid, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Enid, Oklahoma?
The housing vacancy rate in Enid, Oklahoma is 15.4%, higher than the Oklahoma average of 12.0%.
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