Woodward County, Oklahoma Housing Market Prices
Woodward County 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 80% above the Oklahoma median Among the 3 most expensive counties in Oklahoma$239,674
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Median rent 17% below the Oklahoma median$838
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Woodward County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,674 | $133,462 | $248,835 |
| Price Trend (Annual %) | 20.6% | 5.4% | 7.5% |
| Median Gross Rent | $838 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodward County is about 80% higher than in Oklahoma. Rent is about 17% 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 Woodward County, up about 20.6% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Woodward County rose about 23.3% between 2015 and 2024, from $680 to $838. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Woodward County.
Buying the median-priced home in Woodward County costs roughly 23.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Woodward County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Woodward County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,674 | $133,462 | $248,835 |
| Median Household Income | $61,569 | $65,606 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodward County rose about 209.9%, while median household income rose about 30.4% 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 | Woodward County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 57.9% | 58.5% |
| Rental Rate | 22.6% | 30.1% | 31.2% |
| Vacancy Rate | 15.6% | 12.0% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Woodward County has a homeownership rate of 61.8%, higher than the Oklahoma average of 57.9%. Its housing vacancy rate is 15.6%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Woodward County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1978 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Woodward County was built around 1978. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Woodward County, OK Housing Compared With Nearby Counties
How Woodward County, OK compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woodward County, OK | 20,158 | $239,674 #1/3 | $838 #2/3 | 73.2% #2/3 |
| Woods County, OK | 8,596 | $90,556 | $849 | 65.3% |
| Major County, OK | 7,628 | $48,109 | $695 | 82.5% |
Frequently Asked Questions
Common questions about the housing market in Woodward County, Oklahoma.
What is the median home price in Woodward County, Oklahoma?
The median home price in Woodward County, Oklahoma is $239,674, higher than the Oklahoma average of $133,462.
What is the average home price in Woodward County, Oklahoma?
The typical home price in Woodward County, Oklahoma, reported as the median sale price, is $239,674. 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 Woodward County, Oklahoma?
The median gross rent in Woodward County, Oklahoma is $838 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Woodward County in 2020?
In 2020, the median gross rent in Woodward County, Oklahoma was $791 per month.
What is the price-to-rent ratio in Woodward County, Oklahoma?
The price-to-rent ratio in Woodward County, Oklahoma is about 23.8, meaning it would take roughly 23.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Woodward County.
Are home prices or rent rising faster in Woodward County, Oklahoma?
Both home prices and rent are rising in Woodward County, up about 20.6% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Woodward County, Oklahoma?
61.8% of households in Woodward County, Oklahoma own their home, higher than the Oklahoma average of 57.9%.
What is the vacancy rate in Woodward County, Oklahoma?
The housing vacancy rate in Woodward County, Oklahoma is 15.6%, higher than the Oklahoma average of 12.0%.
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