Altus, OK—73521
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altus, OK
As of Oct '25, the median home price in Altus, OK is $107,000, with a year-over-year change of -7.7%. This indicates that home prices in Altus, OK are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $107,000 | -7.7% |
| Single Family | $107,000 | -7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $32,000 | -15.8% |
2 Bed | $46,000 | -17.9% |
3 Bed | $121,000 | -5.5% |
4 Bed | $280,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altus, OK
As of July '25, Rentcast reports the average rent in Altus, OK is $1,220, with a year-over-year rent change of 28.7%. Per bedroom, the median rent as of July '25 in Altus, OK is studios: $541, 1-bedrooms: $450, 2-bedrooms: $788, 3-bedrooms: $1,220, 4-bedrooms: $2,130. The most common rental property sizes in Altus, OK are 3-bedroom and 2-bedroom, accounting for 38.0% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,220 |
| Studio Rent | $541 | $541 |
| 1 Bed Rent | $450 | $450 |
| 2 Bed Rent | $800 | $788 |
| 3 Bed Rent | $975 | $1,220 |
| 4 Bed Rent | $2,200 | $2,130 |
% of Rental Stock
Property Listings — Altus, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Altus, OK is 80. This is a increase of 33.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -2.0% |
Listing Count | 140 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 80 | 33.0% |
Demographics — Altus, OK
As of the latest ACS Survey released in 2023, Altus, OK has a population of 20,400, which has decreased by -1.6% over the past 5 years. Altus, OK is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,400 | -1.6% |
% Under 18 | 25.3% | 2.0% |
% Seniors | 14.7% | 8.9% |
% WFH | 4.5% | 104.5% |
% w/ College Degree | 24.6% | 12.3% |
As of the latest ACS Survey released in 2023, Altus, OK is a predominantly white area, with 59.8% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Altus, OK is hispanic, making up 26.0% of the population. Foreign-born residents account for 6.4% of the population in Altus, OK, and this percentage has decreased by 9.9% 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 | 59.8% | -1.3% |
% Black | 7.8% | -7.1% |
% Hispanic | 26.0% | 3.6% |
% Asian | 1.5% | 0.0% |
% Foreign Born | 6.4% | -9.9% |
Mortgage and Risk — Altus, OK
According to HUD data as of 2023, there were 275 mortgage originations in Altus, OK, of which 36.0% of loans were conventional mortgages. The average loan-to-value was 89.0%, with 60.0% above 90% LTV (very high). This implies large mortgage risk in Altus, OK. Investor activity is low, as 8.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 275 |
% Conventional Loans | 36.0% |
% Government Loans | 64.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Altus, OK
Altus, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 189 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $450 | $710 |
| 2 Bedroom | $130 | $800 | $930 |
| 3 Bedroom | $285 | $975 | $1,260 |
| 4 Bedroom | -$650 | $2,200 | $1,550 |
Affordability — Altus, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $107,000 |
| Median Household Income | $59,900 |