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 | Kiowa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,285 | $127,500 | $242,182 |
| Price Trend (Annual %) | 27.8% | 5.5% | 8.2% |
| Median Gross Rent | $674 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kiowa County is about 29% higher than in Oklahoma. Rent is about 31% 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 Kiowa County, up about 27.8% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Kiowa County rose about 32.8% between 2015 and 2023, from $508 to $675. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Kiowa County.
Buying the median-priced home in Kiowa County costs roughly 20.3 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 Kiowa County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Kiowa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,285 | $127,500 | $242,182 |
| Median Household Income | $42,268 | $63,953 | $78,145 |
| Price-to-Income Ratio | 3.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kiowa County rose about 223.6%, while median household income rose about 32.9% 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 | Kiowa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.9% | 57.6% | 58.2% |
| Rental Rate | 20.5% | 29.9% | 31.3% |
| Vacancy Rate | 28.6% | 12.5% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Kiowa County has a homeownership rate of 50.9%, lower than the Oklahoma average of 57.6%. Its housing vacancy rate is 28.6%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Kiowa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1965 | 1980 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Kiowa County was built around 1965. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kiowa County, Oklahoma.
What is the median home price in Kiowa County, Oklahoma?
The median home price in Kiowa County, Oklahoma is $164,285, higher than the Oklahoma average of $127,500.
What is the average home price in Kiowa 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 Kiowa County, Oklahoma?
The median gross rent in Kiowa County, Oklahoma is $675 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Kiowa County in 2020?
In 2020, the median gross rent in Kiowa County, Oklahoma was $561 per month.
What is the price-to-rent ratio in Kiowa County, Oklahoma?
The price-to-rent ratio in Kiowa County, Oklahoma is about 20.3, meaning it would take roughly 20.3 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 Kiowa County.
Are home prices or rent rising faster in Kiowa County, Oklahoma?
Both home prices and rent are rising in Kiowa County, up about 27.8% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kiowa County, Oklahoma?
50.9% of households in Kiowa County, Oklahoma own their home, lower than the Oklahoma average of 57.6%.
What is the vacancy rate in Kiowa County, Oklahoma?
The housing vacancy rate in Kiowa County, Oklahoma is 28.6%, higher than the Oklahoma average of 12.5%.