Dewey, OK—74029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dewey, OK
As of Oct '25, the median home price in Dewey, OK is $129,000, with a year-over-year change of 0.7%. This indicates that home prices in Dewey, OK are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $129,000 | 0.7% |
| Single Family | $130,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $70,000 | -10.3% |
3 Bed | $145,000 | 2.8% |
4 Bed | $248,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dewey, OK
As of July '25, Rentcast reports the average rent in Dewey, OK is $850, with a year-over-year rent change of -31.5%. Per bedroom, the median rent as of July '25 in Dewey, OK is studios: $650, 2-bedrooms: $900, 3-bedrooms: $1,000. The most common rental property sizes in Dewey, OK are 3-bedroom and 2-bedroom, accounting for 52.6% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $850 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $1,000 | $1,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dewey, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Dewey, OK is 75. This is a decrease of -36.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $221,000 | 6.0% |
Listing Count | 16 | 28.0% |
| Listings as % of Homes | 0.6% | 28.0% |
Days on Market | 75 | -36.0% |
Demographics — Dewey, OK
As of the latest ACS Survey released in 2023, Dewey, OK has a population of 5,270, which has increased by 6.0% over the past 5 years. Dewey, OK is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,270 | 6.0% |
% Under 18 | 20.5% | -17.3% |
% Seniors | 23.1% | 7.9% |
% WFH | 6.1% | 24.5% |
% w/ College Degree | 20.5% | 28.9% |
As of the latest ACS Survey released in 2023, Dewey, OK is a predominantly white area, with 69.1% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Dewey, OK is hispanic, making up 6.6% of the population. Foreign-born residents account for 3.1% of the population in Dewey, OK, and this percentage has decreased by 41.5% 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 | 69.1% | -8.4% |
% Black | 0.2% | -75.0% |
% Hispanic | 6.6% | -25.8% |
% Asian | 1.8% | ∞% |
% Foreign Born | 3.1% | -41.5% |
Mortgage and Risk — Dewey, OK
According to HUD data as of 2023, there were 83 mortgage originations in Dewey, OK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Dewey, OK. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Dewey, OK
Dewey, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $10 | $900 | $910 |
| 3 Bedroom | $280 | $1,000 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Dewey, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $129,000 |
| Median Household Income | $56,000 |