El Reno, OK—73036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — El Reno, OK
As of Oct '25, the median home price in El Reno, OK is $184,000, with a year-over-year change of 1.8%. This indicates that home prices in El Reno, OK are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | 1.8% |
| Single Family | $184,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $90,000 | -4.3% |
2 Bed | $114,000 | -2.6% |
3 Bed | $190,000 | 1.6% |
4 Bed | $256,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — El Reno, OK
As of July '25, Rentcast reports the average rent in El Reno, OK is $1,220, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in El Reno, OK is 1-bedrooms: $777, 2-bedrooms: $990, 3-bedrooms: $1,380, 4-bedrooms: $1,700. The most common rental property sizes in El Reno, OK are 2-bedroom and 3-bedroom, accounting for 42.6% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $758 | $777 |
| 2 Bed Rent | $950 | $990 |
| 3 Bed Rent | $1,300 | $1,380 |
| 4 Bed Rent | $1,650 | $1,700 |
% of Rental Stock
Property Listings — El Reno, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in El Reno, OK is 50. This is a increase of 9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 5.0% |
Listing Count | 151 | 14.0% |
| Listings as % of Homes | 1.1% | 14.0% |
Days on Market | 50 | 9.0% |
Demographics — El Reno, OK
As of the latest ACS Survey released in 2023, El Reno, OK has a population of 20,800, which has remained stable by -0.7% over the past 5 years. El Reno, OK is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | -0.7% |
% Under 18 | 23.9% | -0.8% |
% Seniors | 13.2% | 2.3% |
% WFH | 6.8% | 88.9% |
% w/ College Degree | 19.5% | 31.8% |
As of the latest ACS Survey released in 2023, El Reno, OK is a predominantly white area, with 65.2% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in El Reno, OK is hispanic, making up 16.7% of the population. Foreign-born residents account for 5.4% of the population in El Reno, OK, and this percentage has increased by 10.2% 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 | 65.2% | 1.9% |
% Black | 6.0% | 9.1% |
% Hispanic | 16.7% | 0.6% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 5.4% | 10.2% |
Mortgage and Risk — El Reno, OK
According to HUD data as of 2023, there were 374 mortgage originations in El Reno, OK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in El Reno, OK. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 374 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — El Reno, OK
As of 2024, the percent of homes in El Reno, OK under the Section 8 program is 6.3%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in El Reno, OK, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 197 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $52 | $758 | $810 |
| 2 Bedroom | $40 | $950 | $990 |
| 3 Bedroom | $20 | $1,300 | $1,320 |
| 4 Bedroom | -$200 | $1,650 | $1,450 |
Affordability — El Reno, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $184,000 |
| Median Household Income | $59,600 |