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 | Ottawa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,798 | $127,500 | $242,182 |
| Price Trend (Annual %) | 5.6% | 5.5% | 8.2% |
| Median Gross Rent | $764 | $979 | $1,342 |
| Rent Trend (Annual %) | 2.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ottawa County is about 33% lower than in Oklahoma. Rent is about 22% 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 Ottawa County, up about 5.6% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Ottawa County rose about 22.0% between 2015 and 2023, from $626 to $764. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Ottawa County.
Buying the median-priced home in Ottawa County costs roughly 9.4 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 Ottawa County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Ottawa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,798 | $127,500 | $242,182 |
| Median Household Income | $48,747 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ottawa County rose about 73.5%, while median household income rose about 42.5% 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 | Ottawa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.7% | 57.6% | 58.2% |
| Rental Rate | 28.1% | 29.9% | 31.3% |
| Vacancy Rate | 14.2% | 12.5% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Ottawa County has a homeownership rate of 57.7%, about the same as the Oklahoma average of 57.6%. Its housing vacancy rate is 14.2%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Ottawa County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1975 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Ottawa County was built around 1975. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ottawa County, Oklahoma.
What is the median home price in Ottawa County, Oklahoma?
The median home price in Ottawa County, Oklahoma is $85,798, lower than the Oklahoma average of $127,500.
What is the average home price in Ottawa 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 Ottawa County, Oklahoma?
The median gross rent in Ottawa County, Oklahoma is $764 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Ottawa County in 2020?
In 2020, the median gross rent in Ottawa County, Oklahoma was $679 per month.
What is the price-to-rent ratio in Ottawa County, Oklahoma?
The price-to-rent ratio in Ottawa County, Oklahoma is about 9.4, meaning it would take roughly 9.4 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 Ottawa County.
Are home prices or rent rising faster in Ottawa County, Oklahoma?
Both home prices and rent are rising in Ottawa County, up about 5.6% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ottawa County, Oklahoma?
57.7% of households in Ottawa County, Oklahoma own their home, about the same as the Oklahoma average.
What is the vacancy rate in Ottawa County, Oklahoma?
The housing vacancy rate in Ottawa County, Oklahoma is 14.2%, higher than the Oklahoma average of 12.5%.