Kay County, Oklahoma Housing Market Prices
Kay County 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 65% below the Oklahoma median Cheaper than 91% of counties in Oklahoma$46,731
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Median rent 17% below the Oklahoma median$841
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kay County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,731 | $133,462 | $248,835 |
| Price Trend (Annual %) | -1.3% | 5.4% | 7.5% |
| Median Gross Rent | $841 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kay County is about 65% lower than in Oklahoma. Rent is about 17% lower 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 Kay County: home prices fell about 1.3% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Kay County rose about 35.9% between 2015 and 2024, from $619 to $841. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Kay County.
Buying the median-priced home in Kay County costs roughly 4.6 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 Kay County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Kay County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,731 | $133,462 | $248,835 |
| Median Household Income | $58,650 | $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 Kay County fell about 17.6%, while median household income rose about 47.1% 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 | Kay County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 57.9% | 58.5% |
| Rental Rate | 24.7% | 30.1% | 31.2% |
| Vacancy Rate | 19.8% | 12.0% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Kay County has a homeownership rate of 55.5%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 19.8%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Kay County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1963 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Kay County was built around 1963. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Kay County, OK Housing Compared With Nearby Counties
Kay County, OK is the largest of the 4 counties compared here, 43,624 residents against a local median of 15,795. Kay County, OK's median home price, at $46,731, runs 28% above the $36,561 typical of the counties around it.
The counties themselves spread $66,379 on median home price, so Kay County, OK sits at one end of an already wide local range rather than apart from it. Kay County, OK has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kay County, OK | 43,624 | $46,731 #2/4 | $841 #2/4 | 69.2% #4/4 |
| Noble County, OK | 10,897 | $28,711 | $826 | 77.7% |
| Sumner County, KS | 22,353 | $95,090 | $824 | 75.1% |
| Pawnee County, OK | 15,795 | $36,561 | $863 | 79.5% |
Frequently Asked Questions
Common questions about the housing market in Kay County, Oklahoma.
What is the median home price in Kay County, Oklahoma?
The median home price in Kay County, Oklahoma is $46,731, lower than the Oklahoma average of $133,462.
What is the average home price in Kay County, Oklahoma?
The typical home price in Kay County, Oklahoma, reported as the median sale price, is $46,731. 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 Kay County, Oklahoma?
The median gross rent in Kay County, Oklahoma is $841 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Kay County in 2020?
In 2020, the median gross rent in Kay County, Oklahoma was $698 per month.
What is the price-to-rent ratio in Kay County, Oklahoma?
The price-to-rent ratio in Kay County, Oklahoma is about 4.6, meaning it would take roughly 4.6 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 Kay County.
Are home prices or rent rising faster in Kay County, Oklahoma?
Home prices and rent are moving in opposite directions in Kay County: home prices fell about 1.3% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Kay County, Oklahoma?
55.5% of households in Kay County, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Kay County, Oklahoma?
The housing vacancy rate in Kay County, Oklahoma is 19.8%, higher than the Oklahoma average of 12.0%.
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