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 | Roger Mills County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $127,500 | $242,182 |
| Price Trend (Annual %) | 85.7% | 5.5% | 8.2% |
| Median Gross Rent | $708 | $979 | $1,342 |
| Rent Trend (Annual %) | 6.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roger Mills County is about 12% lower than in Oklahoma. Rent is about 28% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Roger Mills County, up about 85.7% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Roger Mills County rose about 37.4% between 2015 and 2023, from $515 to $708. Over the same span, rent in Oklahoma rose about 34.7%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Roger Mills County.
Buying the median-priced home in Roger Mills County costs roughly 13.2 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 Roger Mills County. The price-to-rent ratio in Oklahoma is about 10.9.
| Metric | Roger Mills County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,500 | $127,500 | $242,182 |
| Median Household Income | $63,726 | $63,953 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2023, the median home price in Roger Mills County rose about 376.8%, while median household income rose about 27.3% 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 | Roger Mills County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 57.6% | 58.2% |
| Rental Rate | 14.5% | 29.9% | 31.3% |
| Vacancy Rate | 23.1% | 12.5% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Roger Mills County has a homeownership rate of 62.4%, higher than the Oklahoma average of 57.6%. Its housing vacancy rate is 23.1%, compared with 12.5% in Oklahoma.
Housing Stock
| Metric | Roger Mills County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1976 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Roger Mills County was built around 1976. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Roger Mills County, Oklahoma.
What is the median home price in Roger Mills County, Oklahoma?
The median home price in Roger Mills County, Oklahoma is $112,500, lower than the Oklahoma average of $127,500.
What is the average home price in Roger Mills 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 Roger Mills County, Oklahoma?
The median gross rent in Roger Mills County, Oklahoma is $708 per month, lower than the Oklahoma average of $979.
What was the median gross rent in Roger Mills County in 2020?
In 2020, the median gross rent in Roger Mills County, Oklahoma was $682 per month.
What is the price-to-rent ratio in Roger Mills County, Oklahoma?
The price-to-rent ratio in Roger Mills County, Oklahoma is about 13.2, meaning it would take roughly 13.2 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 Roger Mills County.
Are home prices or rent rising faster in Roger Mills County, Oklahoma?
Both home prices and rent are rising in Roger Mills County, up about 85.7% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roger Mills County, Oklahoma?
62.4% of households in Roger Mills County, Oklahoma own their home, higher than the Oklahoma average of 57.6%.
What is the vacancy rate in Roger Mills County, Oklahoma?
The housing vacancy rate in Roger Mills County, Oklahoma is 23.1%, higher than the Oklahoma average of 12.5%.