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 | Johnston County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,394 | $127,500 | $242,182 |
| Price Trend (Annual %) | 29.0% | 5.5% | 8.2% |
| Median Gross Rent | $732 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Johnston County is about 25% lower than in Oklahoma. Rent is about 25% 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 Johnston County, up about 29.0% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Johnston County rose about 26.6% between 2015 and 2023, from $578 to $732. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Johnston County.
Buying the median-priced home in Johnston County costs roughly 10.9 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 Johnston County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Johnston County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,394 | $127,500 | $242,182 |
| Median Household Income | $50,726 | $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 Johnston County rose about 182.0%, while median household income rose about 57.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Johnston County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 57.6% | 58.2% |
| Rental Rate | 24.8% | 29.9% | 31.3% |
| Vacancy Rate | 16.9% | 12.5% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Johnston County has a homeownership rate of 58.4%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 16.9%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Johnston County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1984 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Johnston County was built around 1984. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Johnston County, Oklahoma.
What is the median home price in Johnston County, Oklahoma?
The median home price in Johnston County, Oklahoma is $95,394, lower than the Oklahoma average of $127,500.
What is the average home price in Johnston 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 Johnston County, Oklahoma?
The median gross rent in Johnston County, Oklahoma is $732 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Johnston County in 2020?
In 2020, the median gross rent in Johnston County, Oklahoma was $600 per month.
What is the price-to-rent ratio in Johnston County, Oklahoma?
The price-to-rent ratio in Johnston County, Oklahoma is about 10.9, meaning it would take roughly 10.9 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 Johnston County.
Are home prices or rent rising faster in Johnston County, Oklahoma?
Both home prices and rent are rising in Johnston County, up about 29.0% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Johnston County, Oklahoma?
58.4% of households in Johnston County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Johnston County, Oklahoma?
The housing vacancy rate in Johnston County, Oklahoma is 16.9%, higher than the Oklahoma average of 12.5%.