Midwest City, OK—73110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midwest City, OK
As of Oct '25, the median home price in Midwest City, OK is $143,000, with a year-over-year change of 1.5%. This indicates that home prices in Midwest City, OK are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | 1.5% |
| Single Family | $144,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $112,000 | -1.8% |
3 Bed | $150,000 | 1.4% |
4 Bed | $187,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midwest City, OK
As of July '25, Rentcast reports the average rent in Midwest City, OK is $1,100, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Midwest City, OK is studios: $936, 1-bedrooms: $833, 2-bedrooms: $1,020, 3-bedrooms: $1,230, 4-bedrooms: $1,460. The most common rental property sizes in Midwest City, OK are 2-bedroom and 3-bedroom, accounting for 36.2% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | $1,030 | $936 |
| 1 Bed Rent | $789 | $833 |
| 2 Bed Rent | $950 | $1,020 |
| 3 Bed Rent | $1,200 | $1,230 |
| 4 Bed Rent | $1,440 | $1,460 |
% of Rental Stock
Property Listings — Midwest City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Midwest City, OK is 43. This is a increase of 40.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | 5.0% |
Listing Count | 126 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 43 | 40.0% |
Demographics — Midwest City, OK
As of the latest ACS Survey released in 2023, Midwest City, OK has a population of 32,700, which has decreased by -2.1% over the past 5 years. Midwest City, OK is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | -2.1% |
% Under 18 | 26.5% | 5.2% |
% Seniors | 15.1% | 11.0% |
% WFH | 7.9% | 203.8% |
% w/ College Degree | 20.4% | 14.6% |
As of the latest ACS Survey released in 2023, Midwest City, OK is a predominantly white area, with 55.4% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Midwest City, OK is black, making up 25.2% of the population. Foreign-born residents account for 2.8% of the population in Midwest City, OK, and this percentage has decreased by 20.0% 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 | 55.4% | -4.5% |
% Black | 25.2% | 0.0% |
% Hispanic | 6.8% | -1.4% |
% Asian | 1.5% | 36.4% |
% Foreign Born | 2.8% | -20.0% |
Mortgage and Risk — Midwest City, OK
According to HUD data as of 2023, there were 458 mortgage originations in Midwest City, OK, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Midwest City, OK. Investor activity is low, as 15.0% 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 | 458 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 15.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Midwest City, OK
As of 2024, the percent of homes in Midwest City, OK under the Section 8 program is 10.3%. 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. In Midwest City, 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 | 852 |
Total Units Section 8 | 852 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $81 | $789 | $870 |
| 2 Bedroom | $120 | $950 | $1,070 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | $120 | $1,440 | $1,560 |
Affordability — Midwest City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $143,000 |
| Median Household Income | $50,400 |