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 | McClain County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,778 | $127,500 | $242,182 |
| Price Trend (Annual %) | 3.5% | 5.5% | 8.2% |
| Median Gross Rent | $963 | $979 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McClain County is about 39% higher than in Oklahoma. Rent is about 2% 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 McClain County, up about 3.5% and 5.1% a year respectively. Rent is changing faster.
Median rent in McClain County rose about 40.3% between 2015 and 2023, from $687 to $963. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in McClain County.
Buying the median-priced home in McClain County costs roughly 15.4 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 McClain County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | McClain County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,778 | $127,500 | $242,182 |
| Median Household Income | $83,874 | $63,953 | $78,145 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in McClain County rose about 48.4%, while median household income rose about 58.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | McClain County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.4% | 57.6% | 58.2% |
| Rental Rate | 20.1% | 29.9% | 31.3% |
| Vacancy Rate | 6.4% | 12.5% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
McClain County has a homeownership rate of 73.4%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 6.4%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | McClain County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1991 | 1980 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in McClain County was built around 1991. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McClain County, Oklahoma.
What is the median home price in McClain County, Oklahoma?
The median home price in McClain County, Oklahoma is $177,778, higher than the Oklahoma average of $127,500.
What is the average home price in McClain 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 McClain County, Oklahoma?
The median gross rent in McClain County, Oklahoma is $963 per month, lower than the Oklahoma average of $979.
What was the median gross rent in McClain County in 2020?
In 2020, the median gross rent in McClain County, Oklahoma was $783 per month.
What is the price-to-rent ratio in McClain County, Oklahoma?
The price-to-rent ratio in McClain County, Oklahoma is about 15.4, meaning it would take roughly 15.4 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 McClain County.
Are home prices or rent rising faster in McClain County, Oklahoma?
Both home prices and rent are rising in McClain County, up about 3.5% and 5.1% a year respectively. Rent is changing faster.
What is the homeownership rate in McClain County, Oklahoma?
73.4% of households in McClain County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in McClain County, Oklahoma?
The housing vacancy rate in McClain County, Oklahoma is 6.4%, lower than the Oklahoma average of 12.5%.