Home Values in Broken Arrow, Oklahoma — 2026 Market Report
Updated March 2026 | Seller's Market | +4.8% YoY
The median home value in Broken Arrow, Oklahoma is $235,000 as of March 2026, which is below the national median of $400,000. Home values in Broken Arrow have increased by 4.8% over the past year and 26.4% over the last five years. With a population of 113,540 and a median household income of $72,250, the price-to-income ratio stands at 3.3x, making Broken Arrow affordable for the average household.
Broken Arrow Housing Market Conditions
| Metric | Broken Arrow | National Avg |
|---|---|---|
| Median Home Value | $235,000 | $400,000 |
| YoY Appreciation | +4.8% | +3.8% |
| 5-Year Appreciation | +26.4% | +22.4% |
| Price per Sq Ft | $61 | $222 |
| Days on Market | 51 days | 45 days |
| Months of Supply | 2.7 | 3.5 |
| List-to-Sale Ratio | 101.7% | 98.5% |
| Monthly Homes Sold | 52 | — |
| Foreclosure Rate | 0.31% | 0.3% |
Home Value Trends in Broken Arrow
A homeowner who purchased at the median price of $185,918 five years ago in Broken Arrow would have gained approximately $49,082 in equity, representing a 26.4% return on investment. Over the past year alone, the typical homeowner gained $10,763 in home equity.
Affordability in Broken Arrow, OK
With a median household income of $72,250 and a median home price of $235,000, the price-to-income ratio in Broken Arrow is 3.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,836 compared to estimated monthly ownership costs of $1,286 gives a rent-vs-buy ratio of 0.70. In Broken Arrow, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Broken Arrow
The effective property tax rate in Oklahoma is 0.87%. On a home valued at $235,000, the estimated annual property tax bill is $2,045, or approximately $170/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Broken Arrow is 89.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Broken Arrow, OK?
The median home value in Broken Arrow, Oklahoma is $235,000 as of March 2026. Home values have changed +4.8% over the past year, with a 5-year appreciation of 26.4%.
Is Broken Arrow a buyer's or seller's market?
Broken Arrow is currently a seller's market with 2.7 months of housing supply. Homes spend an average of 51 days on market, and the list-to-sale price ratio is 101.7%. Low inventory gives sellers an advantage.
Are home values going up in Broken Arrow?
Yes, home values in Broken Arrow have increased by 4.8% over the past year. The 5-year appreciation rate is 26.4%, meaning a home worth $185,918 five years ago is now worth $235,000.
Is it better to rent or buy in Broken Arrow?
The average monthly rent in Broken Arrow is $1,836, while estimated monthly homeownership costs are approximately $1,286. The price-to-rent ratio is 10.7. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Broken Arrow, Oklahoma is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.