Cushing, OK—74023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cushing, OK
As of Oct '25, the median home price in Cushing, OK is $137,000, with a year-over-year change of 3.4%. This indicates that home prices in Cushing, OK are increasing. 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 | $137,000 | 3.4% |
| Single Family | $137,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $79,000 | 1.3% |
3 Bed | $163,000 | 3.8% |
4 Bed | $313,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cushing, OK
As of July '25, Rentcast reports the average rent in Cushing, OK is $863, with a year-over-year rent change of -43.6%. Per bedroom, the median rent as of July '25 in Cushing, OK is 1-bedrooms: $800, 2-bedrooms: $858, 3-bedrooms: $877. The most common rental property sizes in Cushing, OK are 2-bedroom and 3-bedroom, accounting for 50.4% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $863 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $815 | $858 |
| 3 Bed Rent | $875 | $877 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cushing, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Cushing, OK is 64. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $201,000 | 12.0% |
Listing Count | 58 | -16.0% |
| Listings as % of Homes | 0.7% | -16.0% |
Days on Market | 64 | 1.0% |
Demographics — Cushing, OK
As of the latest ACS Survey released in 2023, Cushing, OK has a population of 12,100, which has increased by 6.2% over the past 5 years. Cushing, OK is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | 6.2% |
% Under 18 | 23.6% | -2.9% |
% Seniors | 17.6% | 7.3% |
% WFH | 5.2% | 173.7% |
% w/ College Degree | 16.2% | 16.5% |
As of the latest ACS Survey released in 2023, Cushing, OK is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Cushing, OK is hispanic, making up 8.9% of the population. Foreign-born residents account for 2.4% of the population in Cushing, OK, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.6% | -8.3% |
% Black | 2.9% | -25.6% |
% Hispanic | 8.9% | 78.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.4% | 0.0% |
Mortgage and Risk — Cushing, OK
According to HUD data as of 2023, there were 124 mortgage originations in Cushing, OK, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Cushing, OK. Investor activity is low, as 5.0% 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 | 124 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Cushing, OK
Cushing, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 93.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $800 | $810 |
| 2 Bedroom | $205 | $815 | $1,020 |
| 3 Bedroom | $475 | $875 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Cushing, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $137,000 |
| Median Household Income | $48,900 |