Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Home prices in Oklahoma have risen steadily since 2010, from about $106,000 to $176,000 in 2024, but remain well below national levels.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (OKSTHPI).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| 10-yr appreciation (%) | 44 | 75 |
Median Home Value
Oklahoma's median home value is about $176,000, among the most affordable in the nation.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Median home value (USD) | 176000 | 360000 |
- •Oklahoma consistently ranks among the 5 most affordable states for housing.
Rent Prices
The median monthly rent in Oklahoma is about $920, among the lowest in the country.
Rent of primary residence index (South region)
2006–2025BLS CPI-U, South region, annual average (CUUR0300SEHA).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Median rent (USD/mo) | 920 | 1350 |
Housing Inventory
Oklahoma has about 1.78 million total housing units, with a relatively high vacancy rate reflecting rural housing stock.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Housing units (millions) | 1.78 | 146 |
Building Permits
Oklahoma issued roughly 14,000 residential building permits in 2023, reflecting steady growth in the Oklahoma City metro.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED OKBPPRIV).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Permits per 1,000 residents | 3.5 | 4.4 |
Homeownership Rate
Oklahoma's homeownership rate is 66.5%, above the national average, reflecting affordable home prices.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED OKHOWN).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Homeownership rate (%) | 66.5 | 65.7 |
Housing Affordability
Housing affordability in Oklahoma remains among the best in the country, with home prices low relative to median household income of $61,364.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 62.8 | 100 |
| Price-to-income ratio | 2.9 | 5 |
Vacancy Rate
Oklahoma's housing vacancy rate is about 10.9%, above the national average, reflecting more available rural housing stock.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED OKRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED OKHVAC).
| Indicator | Oklahoma | U.S. |
|---|---|---|
| Vacancy rate (%) | 10.9 | 10.5 |