Midwest City, Oklahoma Housing Market Prices
Midwest City 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 25% above the Oklahoma median$166,506
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Median rent 8% above the Oklahoma median$1,094
Housing Market Overview
| Metric | Midwest City | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,506 | $133,462 | $248,835 |
| Price Trend (Annual %) | 11.3% | 5.4% | 7.5% |
| Median Gross Rent | $1,094 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midwest City is about 25% higher than in Oklahoma. Rent is about 8% higher 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 Midwest City, up about 11.3% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Midwest City rose about 39.5% between 2015 and 2024, from $784 to $1,094. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Midwest City.
Buying the median-priced home in Midwest City costs roughly 12.7 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 Midwest City. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Midwest City | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $166,506 | $133,462 | $248,835 |
| Median Household Income | $58,800 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midwest City rose about 91.1%, while median household income rose about 36.8% 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 | Midwest City | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.9% | 57.9% | 58.5% |
| Rental Rate | 38.0% | 30.1% | 31.2% |
| Vacancy Rate | 8.1% | 12.0% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Midwest City has a homeownership rate of 53.9%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 8.1%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Midwest City | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1976 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Midwest City was built around 1976. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Midwest City, Oklahoma.
What is the median home price in Midwest City, Oklahoma?
The median home price in Midwest City, Oklahoma is $166,506, higher than the Oklahoma average of $133,462.
What is the average home price in Midwest City, Oklahoma?
The typical home price in Midwest City, Oklahoma, reported as the median sale price, is $166,506. 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 Midwest City, Oklahoma?
The median gross rent in Midwest City, Oklahoma is $1,094 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Midwest City in 2020?
In 2020, the median gross rent in Midwest City, Oklahoma was $849 per month.
What is the price-to-rent ratio in Midwest City, Oklahoma?
The price-to-rent ratio in Midwest City, Oklahoma is about 12.7, meaning it would take roughly 12.7 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 Midwest City.
Are home prices or rent rising faster in Midwest City, Oklahoma?
Both home prices and rent are rising in Midwest City, up about 11.3% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midwest City, Oklahoma?
53.9% of households in Midwest City, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Midwest City, Oklahoma?
The housing vacancy rate in Midwest City, Oklahoma is 8.1%, lower than the Oklahoma average of 12.0%.
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