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 | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,125 | $127,500 | $242,182 |
| Price Trend (Annual %) | 96.8% | 5.5% | 8.2% |
| Median Gross Rent | $915 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kingfisher County is about 106% higher than in Oklahoma. Rent is about 7% 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 Kingfisher County, up about 96.8% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Kingfisher County rose about 29.2% between 2015 and 2023, from $708 to $915. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Kingfisher County.
Buying the median-priced home in Kingfisher County costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kingfisher County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $263,125 | $127,500 | $242,182 |
| Median Household Income | $71,796 | $63,953 | $78,145 |
| Price-to-Income Ratio | 3.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kingfisher County rose about 351.3%, while median household income rose about 47.6% 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 | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 57.6% | 58.2% |
| Rental Rate | 24.6% | 29.9% | 31.3% |
| Vacancy Rate | 12.2% | 12.5% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Kingfisher County has a homeownership rate of 63.2%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 12.2%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Kingfisher County was built around 1979. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kingfisher County, Oklahoma.
What is the median home price in Kingfisher County, Oklahoma?
The median home price in Kingfisher County, Oklahoma is $263,125, higher than the Oklahoma average of $127,500.
What is the average home price in Kingfisher 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 Kingfisher County, Oklahoma?
The median gross rent in Kingfisher County, Oklahoma is $915 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Kingfisher County in 2020?
In 2020, the median gross rent in Kingfisher County, Oklahoma was $833 per month.
What is the price-to-rent ratio in Kingfisher County, Oklahoma?
The price-to-rent ratio in Kingfisher County, Oklahoma is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kingfisher County.
Are home prices or rent rising faster in Kingfisher County, Oklahoma?
Both home prices and rent are rising in Kingfisher County, up about 96.8% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kingfisher County, Oklahoma?
63.2% of households in Kingfisher County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Kingfisher County, Oklahoma?
The housing vacancy rate in Kingfisher County, Oklahoma is 12.2%, lower than the Oklahoma average of 12.5%.