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 | Marshall County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,135 | $127,500 | $242,182 |
| Price Trend (Annual %) | 17.4% | 5.5% | 8.2% |
| Median Gross Rent | $819 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 38% higher than in Oklahoma. Rent is about 16% 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 Marshall County, up about 17.4% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 31.9% between 2015 and 2023, from $621 to $819. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marshall County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Marshall County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $176,135 | $127,500 | $242,182 |
| Median Household Income | $54,959 | $63,953 | $78,145 |
| Price-to-Income Ratio | 3.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Marshall County rose about 131.1%, while median household income rose about 41.2% 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 | Marshall County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.9% | 57.6% | 58.2% |
| Rental Rate | 13.3% | 29.9% | 31.3% |
| Vacancy Rate | 34.8% | 12.5% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Marshall County has a homeownership rate of 51.9%, lower than the Oklahoma average of 57.6%. Its housing vacancy rate is 34.8%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Marshall County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1985 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Marshall County was built around 1985. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marshall County, Oklahoma.
What is the median home price in Marshall County, Oklahoma?
The median home price in Marshall County, Oklahoma is $176,135, higher than the Oklahoma average of $127,500.
What is the average home price in Marshall 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 Marshall County, Oklahoma?
The median gross rent in Marshall County, Oklahoma is $819 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Oklahoma was $680 per month.
What is the price-to-rent ratio in Marshall County, Oklahoma?
The price-to-rent ratio in Marshall County, Oklahoma is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marshall County.
Are home prices or rent rising faster in Marshall County, Oklahoma?
Both home prices and rent are rising in Marshall County, up about 17.4% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Oklahoma?
51.9% of households in Marshall County, Oklahoma own their home, lower than the Oklahoma average of 57.6%.
What is the vacancy rate in Marshall County, Oklahoma?
The housing vacancy rate in Marshall County, Oklahoma is 34.8%, higher than the Oklahoma average of 12.5%.