Oklahoma City - OK housing market
The Oklahoma City metro has a typical home value of $245,317, up 1.1% from a year ago. Homes sell in 27 days on average, a balanced market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
Oklahoma City housing market, October 2026
The typical Oklahoma City home is worth $245,317 as of August 2026, up 0.1% from the prior month, up 0.0% over three months, and up 1.1% from a year ago. Over the past two years values have ranged from $240,306 to $245,778.
Homes are going pending in about 27 days, slower than the 22 days seen three months earlier. There are roughly 8,178 homes for sale, 7% more than a year ago. 29.7% of listings have taken a price cut (up from 25.9% three months ago).
Typical rent is $1,388 a month, up 2.5% year over year, which puts the price-to-rent ratio at 14.7.
At this week's 7.40% mortgage rate with 20% down ($49,063), the typical Oklahoma City home costs about $1,665 a month including tax and insurance, which needs a household income of roughly $71,400 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($245,317) is the Zillow Home Value Index for the Oklahoma City - OK metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.1% over the past year. In Oklahoma City - OK, that means a home worth $242,648 last year is now worth roughly $245,317.
The median sale price, what homes actually close for, is $247,774. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.
Homes listed in Oklahoma City - OK sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,258 new listings hit the market each month in Oklahoma City - OK. There are currently 8,178 homes for sale, up 7.4% from a year ago.
The typical monthly rent in Oklahoma City - OK is $1,388, up 2.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 14.7x, buying territory (#156 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,359 a month in principal and interest, $29 less than renting before taxes, insurance and upkeep. The two break even at a 7.62% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in OK
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Tulsa - OK | $253,643 | +3.2% | 25.0d |