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 | Pittsburg County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,635 | $127,500 | $242,182 |
| Price Trend (Annual %) | 3.4% | 5.5% | 8.2% |
| Median Gross Rent | $856 | $979 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pittsburg County is about 30% lower than in Oklahoma. Rent is about 13% 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 Pittsburg County, up about 3.4% and 3.4% a year respectively. Rent is changing faster.
Median rent in Pittsburg County rose about 27.9% between 2015 and 2023, from $669 to $856. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Pittsburg County.
Buying the median-priced home in Pittsburg County costs roughly 8.6 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 Pittsburg County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Pittsburg County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,635 | $127,500 | $242,182 |
| Median Household Income | $53,834 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pittsburg County rose about 11.4%, while median household income rose about 40.0% 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 | Pittsburg County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 57.6% | 58.2% |
| Rental Rate | 23.3% | 29.9% | 31.3% |
| Vacancy Rate | 20.9% | 12.5% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Pittsburg County has a homeownership rate of 55.9%, lower than the Oklahoma average of 57.6%. Its housing vacancy rate is 20.9%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Pittsburg County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1977 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Pittsburg County was built around 1977. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pittsburg County, Oklahoma.
What is the median home price in Pittsburg County, Oklahoma?
The median home price in Pittsburg County, Oklahoma is $88,635, lower than the Oklahoma average of $127,500.
What is the average home price in Pittsburg 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 Pittsburg County, Oklahoma?
The median gross rent in Pittsburg County, Oklahoma is $856 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Pittsburg County in 2020?
In 2020, the median gross rent in Pittsburg County, Oklahoma was $719 per month.
What is the price-to-rent ratio in Pittsburg County, Oklahoma?
The price-to-rent ratio in Pittsburg County, Oklahoma is about 8.6, meaning it would take roughly 8.6 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 Pittsburg County.
Are home prices or rent rising faster in Pittsburg County, Oklahoma?
Both home prices and rent are rising in Pittsburg County, up about 3.4% and 3.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Pittsburg County, Oklahoma?
55.9% of households in Pittsburg County, Oklahoma own their home, lower than the Oklahoma average of 57.6%.
What is the vacancy rate in Pittsburg County, Oklahoma?
The housing vacancy rate in Pittsburg County, Oklahoma is 20.9%, higher than the Oklahoma average of 12.5%.