Mustang, Oklahoma Housing Market Prices
Mustang 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 77% above the Oklahoma median$235,725
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Median rent 27% above the Oklahoma median$1,286
Housing Market Overview
| Metric | Mustang | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,725 | $133,462 | $248,835 |
| Price Trend (Annual %) | 2.3% | 5.4% | 7.5% |
| Median Gross Rent | $1,286 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mustang is about 77% higher than in Oklahoma. Rent is about 27% 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 Mustang, up about 2.3% and 4.0% a year respectively. Rent is changing faster.
Median rent in Mustang rose about 34.6% between 2015 and 2024, from $955 to $1,286. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Mustang.
Buying the median-priced home in Mustang costs roughly 15.3 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 Mustang. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Mustang | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,725 | $133,462 | $248,835 |
| Median Household Income | $87,009 | $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 Mustang fell about 1.7%, while median household income rose about 54.9% between 2009 and 2025 — 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 | Mustang | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.3% | 57.9% | 58.5% |
| Rental Rate | 22.7% | 30.1% | 31.2% |
| Vacancy Rate | 6.0% | 12.0% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Mustang has a homeownership rate of 71.3%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 6.0%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Mustang | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Mustang was built around 1991. On average, 2.8 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Mustang, OK Housing Compared With Nearby Cities
How Mustang, OK compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mustang, OK | 22,178 | $235,725 #1/2 | $1,286 #1/2 | 75.8% #1/2 |
| Yukon, OK | 24,406 | $155,950 | $1,270 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Mustang, Oklahoma.
What is the median home price in Mustang, Oklahoma?
The median home price in Mustang, Oklahoma is $235,725, higher than the Oklahoma average of $133,462.
What is the average home price in Mustang, Oklahoma?
The typical home price in Mustang, Oklahoma, reported as the median sale price, is $235,725. 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 Mustang, Oklahoma?
The median gross rent in Mustang, Oklahoma is $1,286 per month, higher than the Oklahoma average of $1,014.
What was the median gross rent in Mustang in 2020?
In 2020, the median gross rent in Mustang, Oklahoma was $1,059 per month.
What is the price-to-rent ratio in Mustang, Oklahoma?
The price-to-rent ratio in Mustang, Oklahoma is about 15.3, meaning it would take roughly 15.3 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 Mustang.
Are home prices or rent rising faster in Mustang, Oklahoma?
Both home prices and rent are rising in Mustang, up about 2.3% and 4.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Mustang, Oklahoma?
71.3% of households in Mustang, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Mustang, Oklahoma?
The housing vacancy rate in Mustang, Oklahoma is 6.0%, lower than the Oklahoma average of 12.0%.
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