How is the real estate market in Oklahoma?

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The real estate market in Oklahoma is doing very well. The population in the state has been growing rapidly and with it the job market. This has led to a strong rental market, as newcomers flock to the area in search of work. The real estate market is also benefitting from low-interest rates. 

Housing prices in Oklahoma City have increased 13.2% over the past year. The median home cost is $124k, cheap compared to the United States.

While prices are increasing, they are still affordable when compared to other states. So if you're looking for a place to buy or rent, Oklahoma City should be at the top of your list! 


The Oklahoma City real estate market is booming, with the number of single-family homes for sale down by nearly 50% compared to last year. The number of renters has also increased, as over 40% of households in OKC rent rather than own. This is due to the high prices and low inventory of homes in the city. However, Oklahoma City offers a great quality of life, which continues to attract new residents.

Key Market Stats:

  • The median home value in Oklahoma City is $178,115 according to Zillow (as of November 2021).
  • Housing prices in Oklahoma City have increased 15.3% over the past year.
  • Over the past 5 years, home values in Oklahoma City have grown by about 46%.
  • The median listing price of homes in Oklahoma City is $245,000 and the median selling price is $228,000, according to Realtor.com (November 2021).
  • The median per-square-foot list price in Oklahoma City is $137.
  • The median days on market is 46.
  • Of the 242 neighborhoods in Oklahoma City, Downtown Oklahoma City is the most expensive with a median listing price of $549K.
  • CEENA is the most affordable neighborhood, with a median listing price of $120K.
Ref: roofstock 

Even though more new homes are being built than in the last seven years, demand for homes in Oklahoma City is still greater than the supply. With prices high and inventory low, over 40% of the households in OKC rent rather than own. It’s also a perfect location for people looking for great quality of life, according to News 4 TV in Oklahoma City. The real estate market continues to boom, with the number of single-family homes for sale down by nearly 50% compared to last year.

The population of Oklahoma City has grown about 3 times as fast as Oklahoma, and almost twice as fast as the U.S. overall. According to the most recent survey by the U.S. Census Bureau, Oklahoma City grew by more than 17% over the past decade. As the mayor notes, the momentum is expected to bring more entrepreneurs, more employers, and more retail to the city.

Key Population Stats:

  • About 681,000 people live in Oklahoma City, and over 1.4 million people reside in the greater metropolitan area.
  • Oklahoma City spans more than 620 square miles and is the second-largest city in the U.S. by area just behind Houston, with plenty of room for growth and development.
  • The population of Oklahoma City has grown by 0.89% year-over-year and by more than 17% over the past decade, according to the most recent census.
  • Based on an annual population growth rate of 1.55%, the Oklahoma City metropolitan area will be home to 1.52 million people by 2023 and will have nearly 2 million residents by 2040.
Ref: roofstock 







Location: 2532 W I 44 Service Rd, Oklahoma City, OK 73112, USA

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