Home Values

Oklahoma City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$120,000

  • 4.4% 1-year change
  • 2.0% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Oklahoma City is $120,000. Oklahoma City home values have gone up 4.4% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Oklahoma City is $92, which is lower than the Oklahoma City Metro average of $95. The median price of homes currently listed in Oklahoma City is $165,330 while the median price of homes that sold is $149,400. The median rent price in Oklahoma City is $849, which is lower than the Oklahoma City Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Oklahoma City 1.3 homes are foreclosed (per 10,000). This is lower than the Oklahoma City Metro value of 1.5 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oklahoma City is 4.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oklahoma City homeowners underwater on their mortgage is 11.0%, which is higher than Oklahoma City Metro at 10.6%.

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Relative ZHVI
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Oklahoma City Market Overview

Data through Sep 30, 2014
  • $120,000 ZHVI
  • 2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $165,330 Median listing price
  • $149,400 Median sale price
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Oklahoma City Market Health

Data through Sep 30, 2014
  • 6.8/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes Oklahoma City
1.5 homes Oklahoma City Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Nichols Hills $444,100
Forest Park $177,600
Moore $119,600
Name Median ZHVI
The Village $119,000
Nicoma Park $103,100
Warr Acres $100,300
Name Median ZHVI
Midwest City $86,100
Spencer $71,700
Del City $69,700

Listings & Sales

Data through Sep 30, 2014
  • $92 Median list price / sq ft
  • $88 Median sale price / sq ft
  • 37.9% Listings with price cut
15.1%
Sold below listing
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Oklahoma City Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,146 Oklahoma City
    $1,172 Oklahoma City Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $849 Rent list price
  • $0.76 Rent list price / sq ft
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