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 | Logan County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,021 | $127,500 | $242,182 |
| Price Trend (Annual %) | 26.3% | 5.5% | 8.2% |
| Median Gross Rent | $894 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Logan County is about 70% higher than in Oklahoma. Rent is about 9% 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 Logan County, up about 26.3% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Logan County rose about 28.8% between 2015 and 2023, from $694 to $894. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Logan County.
Buying the median-priced home in Logan County costs roughly 20.2 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 Logan County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Logan County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,021 | $127,500 | $242,182 |
| Median Household Income | $82,691 | $63,953 | $78,145 |
| Price-to-Income Ratio | 2.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Logan County rose about 189.3%, while median household income rose about 85.8% 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 | Logan County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.7% | 57.6% | 58.2% |
| Rental Rate | 12.8% | 29.9% | 31.3% |
| Vacancy Rate | 9.4% | 12.5% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Logan County has a homeownership rate of 77.7%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 9.4%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Logan County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.78 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1995 | 1980 | 1978 |
| Median Number of Rooms | 6.2 | 5.5 | 5.5 |
The typical housing unit in Logan County was built around 1995. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Logan County, Oklahoma.
What is the median home price in Logan County, Oklahoma?
The median home price in Logan County, Oklahoma is $217,021, higher than the Oklahoma average of $127,500.
What is the average home price in Logan 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 Logan County, Oklahoma?
The median gross rent in Logan County, Oklahoma is $894 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Logan County in 2020?
In 2020, the median gross rent in Logan County, Oklahoma was $765 per month.
What is the price-to-rent ratio in Logan County, Oklahoma?
The price-to-rent ratio in Logan County, Oklahoma is about 20.2, meaning it would take roughly 20.2 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 Logan County.
Are home prices or rent rising faster in Logan County, Oklahoma?
Both home prices and rent are rising in Logan County, up about 26.3% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Logan County, Oklahoma?
77.7% of households in Logan County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Logan County, Oklahoma?
The housing vacancy rate in Logan County, Oklahoma is 9.4%, lower than the Oklahoma average of 12.5%.