Commerce, OK—74339
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Commerce, OK
As of Oct '25, the median home price in Commerce, OK is $67,000, with a year-over-year change of -7.0%. This indicates that home prices in Commerce, OK are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $67,000 | -7.0% |
| Single Family | $67,000 | -6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $50,000 | -10.7% |
3 Bed | $97,000 | -5.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Commerce, OK
Commerce, OK lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Commerce, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Commerce, OK is 61. This is a increase of 211.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $151,000 | 63.0% |
Listing Count | 9 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 61 | 211.0% |
Demographics — Commerce, OK
As of the latest ACS Survey released in 2023, Commerce, OK has a population of 2,290, which has decreased by -2.7% over the past 5 years. Commerce, OK is a popular place for families, as children make up 29.9% of the population. The area has a poorly educated workforce, with 9.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,290 | -2.7% |
% Under 18 | 29.9% | 16.3% |
% Seniors | 14.0% | -26.3% |
% WFH | 3.3% | 371.4% |
% w/ College Degree | 9.1% | 1.1% |
As of the latest ACS Survey released in 2023, Commerce, OK is a predominantly white area, with 50.5% of the population identifying as white. The white population has shrunk by 16.9% in the last 5 years. The second most common race or ethnicity in Commerce, OK is hispanic, making up 25.5% of the population. Foreign-born residents account for 8.4% of the population in Commerce, OK, and this percentage has increased by 33.3% 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 | 50.5% | -16.9% |
% Black | 1.1% | 83.3% |
% Hispanic | 25.5% | 26.9% |
% Asian | 0.4% | ∞% |
% Foreign Born | 8.4% | 33.3% |
Mortgage and Risk — Commerce, OK
According to HUD data as of 2023, there were 25 mortgage originations in Commerce, OK, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Commerce, OK. Investor activity is low, as 0.0% 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 | 25 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Commerce, OK
Commerce, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Commerce, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $67,000 |
| Median Household Income | $35,900 |