Broken Arrow, OK—74012
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 $262,000, with a year-over-year change of 1.4%. 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 | $262,000 | 1.4% |
| Single Family | $263,000 | 1.2% |
| Condos | $128,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 3.0% |
3 Bed | $241,000 | 1.3% |
4 Bed | $323,000 | 1.3% |
| 5 Bed | $380,000 | 0.8% |
% of Housing Stock
Rental Trends — Broken Arrow, OK
As of July '25, Rentcast reports the average rent in Broken Arrow, OK is $1,750, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Broken Arrow, OK is 1-bedrooms: $1,030, 2-bedrooms: $1,240, 3-bedrooms: $1,710, 4-bedrooms: $2,140. The most common rental property sizes in Broken Arrow, OK are 2-bedroom and 3-bedroom, accounting for 41.0% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $990 | $1,030 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,680 | $1,710 |
| 4 Bed Rent | $2,150 | $2,140 |
% 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 50. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $338,000 | 4.0% |
Listing Count | 270 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 50 | -4.0% |
Demographics — Broken Arrow, OK
As of the latest ACS Survey released in 2023, Broken Arrow, OK has a population of 63,900, which has increased by 2.4% over the past 5 years. Broken Arrow, OK is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,900 | 2.4% |
% Under 18 | 24.3% | -9.0% |
% Seniors | 16.0% | 23.1% |
% WFH | 10.2% | 183.3% |
% w/ College Degree | 33.7% | -0.3% |
As of the latest ACS Survey released in 2023, Broken Arrow, OK is a predominantly white area, with 63.4% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Broken Arrow, OK is hispanic, making up 10.7% of the population. Foreign-born residents account for 9.6% of the population in Broken Arrow, OK, and this percentage has increased by 12.9% 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 | 63.4% | -10.2% |
% Black | 7.3% | 43.1% |
% Hispanic | 10.7% | 30.5% |
% Asian | 5.4% | 12.5% |
% Foreign Born | 9.6% | 12.9% |
Mortgage and Risk — Broken Arrow, OK
According to HUD data as of 2023, there were 820 mortgage originations in Broken Arrow, OK, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Broken Arrow, OK. Investor activity is low, as 8.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 820 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
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 0.9%. 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 Broken Arrow, OK, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 131 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $990 | $1,060 |
| 2 Bedroom | $120 | $1,200 | $1,320 |
| 3 Bedroom | $60 | $1,680 | $1,740 |
| 4 Bedroom | -$140 | $2,150 | $2,010 |
Affordability — Broken Arrow, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $262,000 |
| Median Household Income | $80,100 |