Broken Arrow, OK—74011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broken Arrow, OK
As of Oct '25, the median home price in Broken Arrow, OK is $295,000, with a year-over-year change of 1.6%. This indicates that home prices in Broken Arrow, OK are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 1.6% |
| Single Family | $296,000 | 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 | $182,000 | 5.2% |
3 Bed | $260,000 | 1.2% |
4 Bed | $360,000 | 1.7% |
| 5 Bed | $518,000 | 3.0% |
% of Housing Stock
Rental Trends — Broken Arrow, OK
As of July '25, Rentcast reports the average rent in Broken Arrow, OK is $1,940, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Broken Arrow, OK is 1-bedrooms: $1,230, 2-bedrooms: $1,700, 3-bedrooms: $1,880, 4-bedrooms: $2,300. The most common rental property sizes in Broken Arrow, OK are 3-bedroom and 2-bedroom, accounting for 44.1% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,210 | $1,230 |
| 2 Bed Rent | $1,250 | $1,700 |
| 3 Bed Rent | $1,750 | $1,880 |
| 4 Bed Rent | $2,100 | $2,300 |
% of Rental Stock
Property Listings — Broken Arrow, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Broken Arrow, OK is 79. This is a increase of 18.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 6.0% |
Listing Count | 224 | 20.0% |
| Listings as % of Homes | 1.4% | 20.0% |
Days on Market | 79 | 18.0% |
Demographics — Broken Arrow, OK
As of the latest ACS Survey released in 2023, Broken Arrow, OK has a population of 33,200, which has increased by 18.7% over the past 5 years. Broken Arrow, OK is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,200 | 18.7% |
% Under 18 | 27.0% | 7.6% |
% Seniors | 15.3% | -5.0% |
% WFH | 11.8% | 126.9% |
% w/ College Degree | 41.1% | 12.3% |
As of the latest ACS Survey released in 2023, Broken Arrow, OK is a predominantly white area, with 68.3% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Broken Arrow, OK is hispanic, making up 10.4% of the population. Foreign-born residents account for 4.6% of the population in Broken Arrow, OK, and this percentage has increased by 39.4% 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 | 68.3% | -15.3% |
% Black | 4.4% | 76.0% |
% Hispanic | 10.4% | 121.3% |
% Asian | 2.8% | 75.0% |
% Foreign Born | 4.6% | 39.4% |
Mortgage and Risk — Broken Arrow, OK
According to HUD data as of 2023, there were 152 mortgage originations in Broken Arrow, OK, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Broken Arrow, OK. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 152 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Broken Arrow, OK
As of 2024, the percent of homes in Broken Arrow, OK under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Broken Arrow, OK, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 412 |
Total Units Section 8 | 412 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,210 | $1,080 |
| 2 Bedroom | $90 | $1,250 | $1,340 |
| 3 Bedroom | $20 | $1,750 | $1,770 |
| 4 Bedroom | -$60 | $2,100 | $2,040 |
Affordability — Broken Arrow, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $295,000 |
| Median Household Income | $95,600 |