Oklahoma Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Oklahoma City has quietly become one of the most improved mid-size cities in the country, with billions invested in downtown development through the voter-approved MAPS programs — including a new convention center, park, and streetcar system. The Edmond and Deer Creek suburbs are the metro's most competitive markets. Tulsa has attracted national attention through its Tulsa Remote program and the Gathering Place park, creating new demand in the Brookside, Cherry Street, and Midtown neighborhoods. Norman (University of Oklahoma) and Stillwater (Oklahoma State) maintain steady markets driven by university employment.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Oklahoma?

The Oklahoma housing market is showing balanced conditions.

home values have grown a moderate 1.7% year-over-year. there are currently 778 homes on the market.

Median Home Value

$216,242

Zillow Home Value Index

Year-over-Year

+1.7%

Home value change

5-Year Change

+34.2%

Since 2021

Median Rent

$1,165/mo

Zillow Observed Rent Index

Active Listings

778

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Oklahoma vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Oklahoma: $1,165/mo (+4.5% YoY)

Rent vs. Buy Analysis

With a median home value of $216,242 and average rent of $1,165/mo, the price-to-rent ratio in Oklahoma is 15.5. A ratio of 15-21 means it could go either way — run the numbers.

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