Oklahoma Housing Market Prices
Oklahoma 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.
-
Median home price 46% below the US median Cheaper than 86% of states in US$133,462
-
Median rent 28% below the US median Cheaper than 80% of states in US$1,014
Median Home Price Map: Counties in Oklahoma
Housing Market Overview
| Metric | Oklahoma | US Average |
|---|---|---|
| Median Home Price | $133,462 | $248,835 |
| Price Trend (Annual %) | 5.4% | 7.5% |
| Median Gross Rent | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Oklahoma is about 46% lower than in US. Rent is about 28% lower than the US 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 Oklahoma, up about 5.4% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Oklahoma rose about 39.6% between 2015 and 2024, from $726 to $1,014. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Oklahoma.
Buying the median-priced home in Oklahoma costs roughly 11.0 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 Oklahoma. The price-to-rent ratio in US is about 14.7.
| Metric | Oklahoma | US Average |
|---|---|---|
| Median Home Price | $133,462 | $248,835 |
| Median Household Income | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oklahoma rose about 54.6%, while median household income rose about 54.0% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oklahoma | US Average |
|---|---|---|
| Homeownership Rate | 57.9% | 58.5% |
| Rental Rate | 30.1% | 31.2% |
| Vacancy Rate | 12.0% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 |
Oklahoma has a homeownership rate of 57.9%, lower than the US average of 58.5%. Its housing vacancy rate is 12.0%, compared with 10.2% in US.
Housing Stock
| Metric | Oklahoma | US Average |
|---|---|---|
| Average Household Size | 2.50 people | 2.53 people |
| Median Structure Built Year | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 |
The typical housing unit in Oklahoma was built around 1981. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Oklahoma Housing Compared With Nearby States
Oklahoma is the 3rd largest of the 6 states compared here, 4,028,385 residents against a local median of 3,049,066. Nothing separates Oklahoma sharply from the states around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median home price, 8% below the local median at $133,462 against $145,462. Oklahoma has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oklahoma | 4,028,385 | $133,462 #4/6 | $1,014 #5/6 | 65.8% #5/6 |
| Kansas | 2,945,842 | $104,644 | $1,060 | 67.1% |
| Texas | 30,160,889 | $258,873 | $1,402 | 62.6% |
| Arkansas | 3,049,066 | $111,957 | $947 | 66.4% |
| Missouri | 6,186,340 | $145,462 | $1,033 | 68.1% |
| Nebraska | 1,978,686 | $175,282 | $1,071 | 66.5% |
Frequently Asked Questions
Common questions about the housing market in Oklahoma.
What is the median home price in Oklahoma?
The median home price in Oklahoma is $133,462, lower than the US average of $248,835.
What is the average home price in Oklahoma?
The typical home price in Oklahoma, reported as the median sale price, is $133,462. 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 Oklahoma?
The median gross rent in Oklahoma is $1,014 per month, lower than the US average of $1,407.
What was the median gross rent in Oklahoma in 2020?
In 2020, the median gross rent in Oklahoma was $817 per month.
What is the price-to-rent ratio in Oklahoma?
The price-to-rent ratio in Oklahoma is about 11.0, meaning it would take roughly 11.0 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 Oklahoma.
Are home prices or rent rising faster in Oklahoma?
Both home prices and rent are rising in Oklahoma, up about 5.4% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oklahoma?
57.9% of households in Oklahoma own their home, lower than the US average of 58.5%.
What is the vacancy rate in Oklahoma?
The housing vacancy rate in Oklahoma is 12.0%, higher than the US average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →