Latimer County, Oklahoma Housing Market Prices
Latimer 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 14% below the Oklahoma median$114,422
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Median rent 36% below the Oklahoma median Cheapest county in Oklahoma$646
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Latimer County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,422 | $133,462 | $248,835 |
| Price Trend (Annual %) | 23.2% | 5.4% | 7.5% |
| Median Gross Rent | $646 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Latimer County is about 14% lower than in Oklahoma. Rent is about 36% lower than the Oklahoma 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 Latimer County, up about 23.2% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Latimer County rose about 27.7% between 2015 and 2024, from $506 to $646. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Latimer County.
Buying the median-priced home in Latimer County costs roughly 14.8 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 Latimer County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Latimer County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $114,422 | $133,462 | $248,835 |
| Median Household Income | $41,887 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Latimer County rose about 109.2%, while median household income rose about 3.7% between 2009 and 2025 — 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 | Latimer County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 57.9% | 58.5% |
| Rental Rate | 22.9% | 30.1% | 31.2% |
| Vacancy Rate | 17.1% | 12.0% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Latimer County has a homeownership rate of 60.0%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 17.1%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Latimer County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Latimer County was built around 1982. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Latimer County, OK Housing Compared With Nearby Counties
Latimer County, OK is the smallest of the 5 counties compared here, 9,517 residents against a local median of 31,480. Where Latimer County, OK breaks from the counties next to it is median rent, sitting 18% below the local median of $788 at $646.
The counties themselves spread $192 on median rent, so Latimer County, OK sits at one end of an already wide local range rather than apart from it. Latimer County, OK has the 5th highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Latimer County, OK | 9,517 | $114,422 #3/5 | $646 #5/5 | 72.4% #4/5 |
| Pushmataha County, OK | 10,790 | $86,499 | $667 | 74.9% |
| Pittsburg County, OK | 43,560 | $125,002 | $859 | 70.6% |
| Le Flore County, OK | 49,055 | $101,786 | $797 | 72.8% |
| McIntosh County, OK | 19,400 | $150,543 | $780 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Latimer County, Oklahoma.
What is the median home price in Latimer County, Oklahoma?
The median home price in Latimer County, Oklahoma is $114,422, lower than the Oklahoma average of $133,462.
What is the average home price in Latimer County, Oklahoma?
The typical home price in Latimer County, Oklahoma, reported as the median sale price, is $114,422. 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 Latimer County, Oklahoma?
The median gross rent in Latimer County, Oklahoma is $646 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Latimer County in 2020?
In 2020, the median gross rent in Latimer County, Oklahoma was $630 per month.
What is the price-to-rent ratio in Latimer County, Oklahoma?
The price-to-rent ratio in Latimer County, Oklahoma is about 14.8, meaning it would take roughly 14.8 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 Latimer County.
Are home prices or rent rising faster in Latimer County, Oklahoma?
Both home prices and rent are rising in Latimer County, up about 23.2% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Latimer County, Oklahoma?
60.0% of households in Latimer County, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Latimer County, Oklahoma?
The housing vacancy rate in Latimer County, Oklahoma is 17.1%, higher than the Oklahoma average of 12.0%.
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