Shawnee, Oklahoma Housing Market Prices
Shawnee 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 About the same as the Oklahoma median$133,353
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Median rent 6% below the Oklahoma median$957
Housing Market Overview
| Metric | Shawnee | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,353 | $133,462 | $248,835 |
| Price Trend (Annual %) | 9.8% | 5.4% | 7.5% |
| Median Gross Rent | $957 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shawnee is about the same as in Oklahoma. Rent is about 6% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Shawnee, up about 9.8% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Shawnee rose about 43.6% between 2015 and 2024, from $666 to $957. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Shawnee.
Buying the median-priced home in Shawnee costs roughly 11.6 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 Shawnee. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Shawnee | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,353 | $133,462 | $248,835 |
| Median Household Income | $57,861 | $65,606 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shawnee rose about 128.4%, while median household income rose about 50.4% between 2009 and 2025 — 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 | Shawnee | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.6% | 57.9% | 58.5% |
| Rental Rate | 33.6% | 30.1% | 31.2% |
| Vacancy Rate | 13.8% | 12.0% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Shawnee has a homeownership rate of 52.6%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 13.8%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Shawnee | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1971 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Shawnee was built around 1971. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Shawnee, Oklahoma.
What is the median home price in Shawnee, Oklahoma?
The median home price in Shawnee, Oklahoma is $133,353, about the same as the Oklahoma average.
What is the average home price in Shawnee, Oklahoma?
The typical home price in Shawnee, Oklahoma, reported as the median sale price, is $133,353. 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 Shawnee, Oklahoma?
The median gross rent in Shawnee, Oklahoma is $957 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Shawnee in 2020?
In 2020, the median gross rent in Shawnee, Oklahoma was $727 per month.
What is the price-to-rent ratio in Shawnee, Oklahoma?
The price-to-rent ratio in Shawnee, Oklahoma is about 11.6, meaning it would take roughly 11.6 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 Shawnee.
Are home prices or rent rising faster in Shawnee, Oklahoma?
Both home prices and rent are rising in Shawnee, up about 9.8% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shawnee, Oklahoma?
52.6% of households in Shawnee, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Shawnee, Oklahoma?
The housing vacancy rate in Shawnee, Oklahoma is 13.8%, higher than the Oklahoma average of 12.0%.
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