Drumright, OK—74030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drumright, OK
As of Oct '25, the median home price in Drumright, OK is $108,000, with a year-over-year change of -4.6%. This indicates that home prices in Drumright, OK are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $108,000 | -4.6% |
| Single Family | $108,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $129,000 | -3.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drumright, OK
As of July '25, Rentcast reports the average rent in Drumright, OK is $700, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Drumright, OK is 1-bedrooms: $700. The most common rental property sizes in Drumright, OK are 3-bedroom and 1-bedroom, accounting for 45.1% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $700 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Drumright, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Drumright, OK is 103. This is a increase of 25.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $106,000 | -14.0% |
Listing Count | 22 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 103 | 25.0% |
Demographics — Drumright, OK
As of the latest ACS Survey released in 2023, Drumright, OK has a population of 2,980, which has decreased by -21.0% over the past 5 years. Drumright, OK is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,980 | -21.0% |
% Under 18 | 19.8% | -15.7% |
% Seniors | 22.9% | 37.1% |
% WFH | 7.1% | 26.8% |
% w/ College Degree | 11.6% | -3.3% |
As of the latest ACS Survey released in 2023, Drumright, OK is a predominantly white area, with 79.0% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Drumright, OK is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.1% of the population in Drumright, OK, and this percentage has increased by 22.2% 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 | 79.0% | -6.6% |
% Black | 1.3% | -35.0% |
% Hispanic | 1.8% | -40.0% |
% Asian | 1.2% | 300.0% |
% Foreign Born | 1.1% | 22.2% |
Mortgage and Risk — Drumright, OK
According to HUD data as of 2023, there were 36 mortgage originations in Drumright, OK, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Drumright, OK. Investor activity is low, as 8.0% 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 | 36 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 8.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Drumright, OK
Drumright, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $650 | $810 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Drumright, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $108,000 |
| Median Household Income | $42,200 |