Home Values in Oklahoma City, Oklahoma — 2026 Market Report
Updated March 2026 | Seller's Market | +4.7% YoY
The median home value in Oklahoma City, Oklahoma is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Oklahoma City have increased by 4.7% over the past year and 25.8% over the last five years. With a population of 681,054 and a median household income of $54,017, the price-to-income ratio stands at 3.6x, making Oklahoma City affordable for the average household.
Oklahoma City Housing Market Conditions
| Metric | Oklahoma City | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +4.7% | +3.8% |
| 5-Year Appreciation | +25.8% | +22.4% |
| Price per Sq Ft | $49 | $222 |
| Days on Market | 50 days | 45 days |
| Months of Supply | 2.3 | 3.5 |
| List-to-Sale Ratio | 100.8% | 98.5% |
| Monthly Homes Sold | 296 | — |
| Foreclosure Rate | 0.23% | 0.3% |
Home Value Trends in Oklahoma City
A homeowner who purchased at the median price of $155,008 five years ago in Oklahoma City would have gained approximately $39,992 in equity, representing a 25.8% return on investment. Over the past year alone, the typical homeowner gained $8,754 in home equity.
Affordability in Oklahoma City, OK
With a median household income of $54,017 and a median home price of $195,000, the price-to-income ratio in Oklahoma City is 3.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,493 compared to estimated monthly ownership costs of $1,067 gives a rent-vs-buy ratio of 0.71. In Oklahoma City, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Oklahoma City
The effective property tax rate in Oklahoma is 0.87%. On a home valued at $195,000, the estimated annual property tax bill is $1,697, or approximately $141/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Oklahoma City is 87.5 (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 Oklahoma City, OK?
The median home value in Oklahoma City, Oklahoma is $195,000 as of March 2026. Home values have changed +4.7% over the past year, with a 5-year appreciation of 25.8%.
Is Oklahoma City a buyer's or seller's market?
Oklahoma City is currently a seller's market with 2.3 months of housing supply. Homes spend an average of 50 days on market, and the list-to-sale price ratio is 100.8%. Low inventory gives sellers an advantage.
Are home values going up in Oklahoma City?
Yes, home values in Oklahoma City have increased by 4.7% over the past year. The 5-year appreciation rate is 25.8%, meaning a home worth $155,008 five years ago is now worth $195,000.
Is it better to rent or buy in Oklahoma City?
The average monthly rent in Oklahoma City is $1,493, while estimated monthly homeownership costs are approximately $1,067. The price-to-rent ratio is 10.9. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Oklahoma Cities
Related Resources
Disclaimer: Home value data for Oklahoma City, 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.