Ponca City, Oklahoma Housing Market Prices
Ponca City 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 63% below the Oklahoma median$49,217
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Median rent 18% below the Oklahoma median$836
Housing Market Overview
| Metric | Ponca City | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,217 | $133,462 | $248,835 |
| Price Trend (Annual %) | -1.0% | 5.4% | 7.5% |
| Median Gross Rent | $836 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ponca City is about 63% lower than in Oklahoma. Rent is about 18% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Ponca City: home prices fell about 1.0% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Ponca City rose about 28.3% between 2015 and 2024, from $652 to $836. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Ponca City.
Buying the median-priced home in Ponca City costs roughly 4.9 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 Ponca City. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Ponca City | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $49,217 | $133,462 | $248,835 |
| Median Household Income | $57,057 | $65,606 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ponca City fell about 17.3%, while median household income rose about 36.5% 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 | Ponca City | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.6% | 57.9% | 58.5% |
| Rental Rate | 30.3% | 30.1% | 31.2% |
| Vacancy Rate | 18.0% | 12.0% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Ponca City has a homeownership rate of 51.6%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 18.0%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Ponca City | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1963 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Ponca City was built around 1963. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ponca City, Oklahoma.
What is the median home price in Ponca City, Oklahoma?
The median home price in Ponca City, Oklahoma is $49,217, lower than the Oklahoma average of $133,462.
What is the average home price in Ponca City, Oklahoma?
The typical home price in Ponca City, Oklahoma, reported as the median sale price, is $49,217. 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 Ponca City, Oklahoma?
The median gross rent in Ponca City, Oklahoma is $836 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Ponca City in 2020?
In 2020, the median gross rent in Ponca City, Oklahoma was $698 per month.
What is the price-to-rent ratio in Ponca City, Oklahoma?
The price-to-rent ratio in Ponca City, Oklahoma is about 4.9, meaning it would take roughly 4.9 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 Ponca City.
Are home prices or rent rising faster in Ponca City, Oklahoma?
Home prices and rent are moving in opposite directions in Ponca City: home prices fell about 1.0% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ponca City, Oklahoma?
51.6% of households in Ponca City, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Ponca City, Oklahoma?
The housing vacancy rate in Ponca City, Oklahoma is 18.0%, higher than the Oklahoma average of 12.0%.
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