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 | Pawnee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,544 | $127,500 | $242,182 |
| Price Trend (Annual %) | -4.5% | 5.5% | 8.2% |
| Median Gross Rent | $871 | $979 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pawnee County is about 69% lower than in Oklahoma. Rent is about 11% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Pawnee County: home prices fell about 4.5% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
Median rent in Pawnee County rose about 35.5% between 2015 and 2023, from $643 to $871. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Pawnee County.
Buying the median-priced home in Pawnee County costs roughly 3.8 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 Pawnee County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Pawnee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,544 | $127,500 | $242,182 |
| Median Household Income | $57,695 | $63,953 | $78,145 |
| Price-to-Income Ratio | 0.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pawnee County fell about 36.4%, while median household income rose about 40.1% 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 | Pawnee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.9% | 57.6% | 58.2% |
| Rental Rate | 17.9% | 29.9% | 31.3% |
| Vacancy Rate | 18.2% | 12.5% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Pawnee County has a homeownership rate of 63.9%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 18.2%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Pawnee County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Pawnee County was built around 1979. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pawnee County, Oklahoma.
What is the median home price in Pawnee County, Oklahoma?
The median home price in Pawnee County, Oklahoma is $39,544, lower than the Oklahoma average of $127,500.
What is the average home price in Pawnee 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 Pawnee County, Oklahoma?
The median gross rent in Pawnee County, Oklahoma is $871 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Pawnee County in 2020?
In 2020, the median gross rent in Pawnee County, Oklahoma was $747 per month.
What is the price-to-rent ratio in Pawnee County, Oklahoma?
The price-to-rent ratio in Pawnee County, Oklahoma is about 3.8, meaning it would take roughly 3.8 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 Pawnee County.
Are home prices or rent rising faster in Pawnee County, Oklahoma?
Home prices and rent are moving in opposite directions in Pawnee County: home prices fell about 4.5% a year while rent rose about 4.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Pawnee County, Oklahoma?
63.9% of households in Pawnee County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Pawnee County, Oklahoma?
The housing vacancy rate in Pawnee County, Oklahoma is 18.2%, higher than the Oklahoma average of 12.5%.