Choctaw, OK—73020
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Choctaw, OK
As of Oct '25, the median home price in Choctaw, OK is $292,000, with a year-over-year change of 1.3%. This indicates that home prices in Choctaw, OK are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 1.3% |
| Single Family | $292,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | 0.0% |
3 Bed | $270,000 | 1.1% |
4 Bed | $400,000 | 2.8% |
| 5 Bed | $500,000 | 1.8% |
% of Housing Stock
Rental Trends — Choctaw, OK
As of July '25, Rentcast reports the average rent in Choctaw, OK is $1,750, with a year-over-year rent change of -28.9%. Per bedroom, the median rent as of July '25 in Choctaw, OK is 2-bedrooms: $993, 3-bedrooms: $1,820, 4-bedrooms: $1,930. The most common rental property sizes in Choctaw, OK are 3-bedroom and 2-bedroom, accounting for 63.4% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $945 | $993 |
| 3 Bed Rent | $1,750 | $1,820 |
| 4 Bed Rent | $1,880 | $1,930 |
% of Rental Stock
Property Listings — Choctaw, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Choctaw, OK is 48. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | 8.0% |
Listing Count | 132 | 11.0% |
| Listings as % of Homes | 0.9% | 11.0% |
Days on Market | 48 | 10.0% |
Demographics — Choctaw, OK
As of the latest ACS Survey released in 2023, Choctaw, OK has a population of 25,400, which has increased by 5.8% over the past 5 years. Choctaw, OK is a popular place for families, as children make up 26.9% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | 5.8% |
% Under 18 | 26.9% | 10.7% |
% Seniors | 18.6% | 12.7% |
% WFH | 7.7% | 175.0% |
% w/ College Degree | 32.7% | 24.3% |
As of the latest ACS Survey released in 2023, Choctaw, OK is a predominantly white area, with 77.1% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Choctaw, OK is hispanic, making up 6.2% of the population. Foreign-born residents account for 2.6% of the population in Choctaw, OK, and this percentage has increased by 73.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.1% | -6.5% |
% Black | 4.8% | 17.1% |
% Hispanic | 6.2% | 51.2% |
% Asian | 1.6% | 220.0% |
% Foreign Born | 2.6% | 73.3% |
Mortgage and Risk — Choctaw, OK
According to HUD data as of 2023, there were 531 mortgage originations in Choctaw, OK, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Choctaw, OK. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 531 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Choctaw, OK
Choctaw, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | $495 | $945 | $1,440 |
| 3 Bedroom | $170 | $1,750 | $1,920 |
| 4 Bedroom | $220 | $1,880 | $2,100 |
Affordability — Choctaw, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $292,000 |
| Median Household Income | $99,100 |