Mustang, OK—73064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mustang, OK
As of Oct '25, the median home price in Mustang, OK is $274,000, with a year-over-year change of 2.2%. This indicates that home prices in Mustang, 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 | $274,000 | 2.2% |
| Single Family | $274,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | 3.0% |
3 Bed | $245,000 | 2.5% |
4 Bed | $329,000 | 1.5% |
| 5 Bed | $460,000 | 3.1% |
% of Housing Stock
Rental Trends — Mustang, OK
As of July '25, Rentcast reports the average rent in Mustang, OK is $1,670, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Mustang, OK is 1-bedrooms: $775, 2-bedrooms: $1,270, 3-bedrooms: $1,590, 4-bedrooms: $2,000. The most common rental property sizes in Mustang, OK are 3-bedroom and 2-bedroom, accounting for 44.9% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $775 |
| 2 Bed Rent | $1,350 | $1,270 |
| 3 Bed Rent | $1,550 | $1,590 |
| 4 Bed Rent | $1,920 | $2,000 |
% of Rental Stock
Property Listings — Mustang, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Mustang, OK is 50. This is a increase of 37.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | 3.0% |
Listing Count | 235 | 26.0% |
| Listings as % of Homes | 1.7% | 26.0% |
Days on Market | 50 | 37.0% |
Demographics — Mustang, OK
As of the latest ACS Survey released in 2023, Mustang, OK has a population of 27,600, which has increased by 17.4% over the past 5 years. Mustang, OK is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 29.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 17.4% |
% Under 18 | 24.8% | -3.5% |
% Seniors | 15.1% | 3.4% |
% WFH | 11.7% | 134.0% |
% w/ College Degree | 29.1% | 15.9% |
As of the latest ACS Survey released in 2023, Mustang, OK is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Mustang, OK is hispanic, making up 10.0% of the population. Foreign-born residents account for 3.5% of the population in Mustang, OK, and this percentage has increased by 34.6% 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 | 74.4% | -10.0% |
% Black | 2.6% | 100.0% |
% Hispanic | 10.0% | 63.9% |
% Asian | 2.4% | 118.2% |
% Foreign Born | 3.5% | 34.6% |
Mortgage and Risk — Mustang, OK
According to HUD data as of 2023, there were 646 mortgage originations in Mustang, OK, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Mustang, OK. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 646 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mustang, OK
As of 2024, the percent of homes in Mustang, OK under the Section 8 program is 10.2%. 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. In Mustang, OK, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 190 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 94.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $355 | $775 | $1,130 |
| 2 Bedroom | $40 | $1,350 | $1,390 |
| 3 Bedroom | $310 | $1,550 | $1,860 |
| 4 Bedroom | $100 | $1,920 | $2,020 |
Affordability — Mustang, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $274,000 |
| Median Household Income | $93,900 |