Chelsea, OK—74016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chelsea, OK
As of Oct '25, the median home price in Chelsea, OK is $207,000, with a year-over-year change of -1.0%. This indicates that home prices in Chelsea, OK are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -1.0% |
| Single Family | $207,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | -2.3% |
3 Bed | $241,000 | -0.4% |
4 Bed | $299,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chelsea, OK
Chelsea, OK lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chelsea, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Chelsea, OK is 55. This is a decrease of -26.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | 24.0% |
Listing Count | 16 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 55 | -26.0% |
Demographics — Chelsea, OK
As of the latest ACS Survey released in 2023, Chelsea, OK has a population of 5,790, which has increased by 1.6% over the past 5 years. Chelsea, OK is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,790 | 1.6% |
% Under 18 | 22.3% | -2.2% |
% Seniors | 17.8% | -6.3% |
% WFH | 9.2% | 39.4% |
% w/ College Degree | 13.4% | -13.5% |
As of the latest ACS Survey released in 2023, Chelsea, OK is a predominantly white area, with 64.4% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Chelsea, OK is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.0% of the population in Chelsea, OK, and this percentage has increased by 11.1% 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 | 64.4% | -1.7% |
% Black | 0.1% | 0.0% |
% Hispanic | 2.3% | 4.5% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 1.0% | 11.1% |
Mortgage and Risk — Chelsea, OK
According to HUD data as of 2023, there were 81 mortgage originations in Chelsea, OK, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Chelsea, OK. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Chelsea, OK
Chelsea, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | -$150 | $1,500 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Chelsea, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $207,000 |
| Median Household Income | $59,700 |