Edmond, OK—73034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edmond, OK
As of Oct '25, the median home price in Edmond, OK is $415,000, with a year-over-year change of 2.0%. This indicates that home prices in Edmond, OK are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 2.0% |
| Single Family | $416,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $157,000 | 0.0% |
2 Bed | $192,000 | 1.6% |
3 Bed | $350,000 | 1.7% |
4 Bed | $481,000 | 2.1% |
| 5 Bed | $677,000 | 2.0% |
% of Housing Stock
Rental Trends — Edmond, OK
As of July '25, Rentcast reports the average rent in Edmond, OK is $1,740, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Edmond, OK is studios: $950, 1-bedrooms: $1,040, 2-bedrooms: $1,230, 3-bedrooms: $1,950, 4-bedrooms: $2,880. The most common rental property sizes in Edmond, OK are 2-bedroom and 1-bedroom, accounting for 39.6% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,740 |
| Studio Rent | $600 | $950 |
| 1 Bed Rent | $974 | $1,040 |
| 2 Bed Rent | $1,150 | $1,230 |
| 3 Bed Rent | $1,850 | $1,950 |
| 4 Bed Rent | $2,600 | $2,880 |
% of Rental Stock
Property Listings — Edmond, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Edmond, OK is 62. This is a increase of 20.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -1.0% |
Listing Count | 384 | 9.0% |
| Listings as % of Homes | 1.2% | 9.0% |
Days on Market | 62 | 20.0% |
Demographics — Edmond, OK
As of the latest ACS Survey released in 2023, Edmond, OK has a population of 47,900, which has increased by 7.2% over the past 5 years. Edmond, OK is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 59.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,900 | 7.2% |
% Under 18 | 26.2% | 9.6% |
% Seniors | 14.9% | 3.5% |
% WFH | 11.9% | 95.1% |
% w/ College Degree | 59.1% | 10.7% |
As of the latest ACS Survey released in 2023, Edmond, OK is a predominantly white area, with 75.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Edmond, OK is hispanic, making up 7.8% of the population. Foreign-born residents account for 5.7% of the population in Edmond, OK, and this percentage has decreased by 3.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.9% | -2.2% |
% Black | 3.2% | -23.8% |
% Hispanic | 7.8% | 21.9% |
% Asian | 3.7% | 76.2% |
% Foreign Born | 5.7% | -3.4% |
Mortgage and Risk — Edmond, OK
According to HUD data as of 2023, there were 1008 mortgage originations in Edmond, OK, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Edmond, OK. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,008 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Edmond, OK
As of 2024, the percent of homes in Edmond, OK under the Section 8 program is 9.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Edmond, OK, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 416 |
Total Units Section 8 | 416 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $96 | $974 | $1,070 |
| 2 Bedroom | $160 | $1,150 | $1,310 |
| 3 Bedroom | -$100 | $1,850 | $1,750 |
| 4 Bedroom | -$690 | $2,600 | $1,910 |
Affordability — Edmond, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $415,000 |
| Median Household Income | $113,000 |