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 | Harper County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,275 | $127,500 | $242,182 |
| Price Trend (Annual %) | -0.1% | 5.5% | 8.2% |
| Median Gross Rent | $790 | $979 | $1,342 |
| Rent Trend (Annual %) | 6.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harper County is about 59% lower than in Oklahoma. Rent is about 19% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Harper County: home prices fell about 0.1% a year while rent rose about 6.7% a year. That is an unusual pattern worth watching.
Median rent in Harper County rose about 39.0% between 2015 and 2023, from $568 to $790. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Harper County.
Buying the median-priced home in Harper County costs roughly 5.5 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 Harper County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Harper County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $52,275 | $127,500 | $242,182 |
| Median Household Income | $59,388 | $63,953 | $78,145 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2023, the median home price in Harper County fell about 15.2%, while median household income rose about 44.1% 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 | Harper County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 57.6% | 58.2% |
| Rental Rate | 14.4% | 29.9% | 31.3% |
| Vacancy Rate | 26.8% | 12.5% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Harper County has a homeownership rate of 58.8%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 26.8%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Harper County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1968 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Harper County was built around 1968. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harper County, Oklahoma.
What is the median home price in Harper County, Oklahoma?
The median home price in Harper County, Oklahoma is $52,275, lower than the Oklahoma average of $127,500.
What is the average home price in Harper 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 Harper County, Oklahoma?
The median gross rent in Harper County, Oklahoma is $790 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Harper County in 2020?
In 2020, the median gross rent in Harper County, Oklahoma was $669 per month.
What is the price-to-rent ratio in Harper County, Oklahoma?
The price-to-rent ratio in Harper County, Oklahoma is about 5.5, meaning it would take roughly 5.5 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 Harper County.
Are home prices or rent rising faster in Harper County, Oklahoma?
Home prices and rent are moving in opposite directions in Harper County: home prices fell about 0.1% a year while rent rose about 6.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Harper County, Oklahoma?
58.8% of households in Harper County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Harper County, Oklahoma?
The housing vacancy rate in Harper County, Oklahoma is 26.8%, higher than the Oklahoma average of 12.5%.