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 | Okmulgee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,295 | $127,500 | $242,182 |
| Price Trend (Annual %) | 7.6% | 5.5% | 8.2% |
| Median Gross Rent | $811 | $979 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Okmulgee County is about 39% lower than in Oklahoma. Rent is about 17% 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 Okmulgee County, up about 7.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Okmulgee County rose about 33.4% between 2015 and 2023, from $608 to $811. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Okmulgee County.
Buying the median-priced home in Okmulgee County costs roughly 7.9 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 Okmulgee County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Okmulgee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,295 | $127,500 | $242,182 |
| Median Household Income | $53,126 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Okmulgee County rose about 27.4%, while median household income rose about 49.1% 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 | Okmulgee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.4% | 57.6% | 58.2% |
| Rental Rate | 25.5% | 29.9% | 31.3% |
| Vacancy Rate | 15.1% | 12.5% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Okmulgee County has a homeownership rate of 59.4%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 15.1%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Okmulgee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Okmulgee County was built around 1979. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Okmulgee County, Oklahoma.
What is the median home price in Okmulgee County, Oklahoma?
The median home price in Okmulgee County, Oklahoma is $77,295, lower than the Oklahoma average of $127,500.
What is the average home price in Okmulgee 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 Okmulgee County, Oklahoma?
The median gross rent in Okmulgee County, Oklahoma is $811 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Okmulgee County in 2020?
In 2020, the median gross rent in Okmulgee County, Oklahoma was $667 per month.
What is the price-to-rent ratio in Okmulgee County, Oklahoma?
The price-to-rent ratio in Okmulgee County, Oklahoma is about 7.9, meaning it would take roughly 7.9 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 Okmulgee County.
Are home prices or rent rising faster in Okmulgee County, Oklahoma?
Both home prices and rent are rising in Okmulgee County, up about 7.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Okmulgee County, Oklahoma?
59.4% of households in Okmulgee County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Okmulgee County, Oklahoma?
The housing vacancy rate in Okmulgee County, Oklahoma is 15.1%, higher than the Oklahoma average of 12.5%.