Miami, OK—74354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Miami, OK
As of Oct '25, the median home price in Miami, OK is $120,000, with a year-over-year change of -6.1%. This indicates that home prices in Miami, OK are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $120,000 | -6.1% |
| Single Family | $120,000 | -6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $48,000 | -4.0% |
2 Bed | $70,000 | -9.1% |
3 Bed | $135,000 | -5.6% |
4 Bed | $230,000 | -0.9% |
| 5 Bed | $295,000 | -2.3% |
% of Housing Stock
Rental Trends — Miami, OK
As of July '25, Rentcast reports the average rent in Miami, OK is $941, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Miami, OK is 1-bedrooms: $950, 2-bedrooms: $888, 3-bedrooms: $1,140. The most common rental property sizes in Miami, OK are 3-bedroom and 2-bedroom, accounting for 38.2% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $941 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $875 | $888 |
| 3 Bed Rent | $1,140 | $1,140 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Miami, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Miami, OK is 70. This is a increase of 13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | -6.0% |
Listing Count | 98 | 28.0% |
| Listings as % of Homes | 0.5% | 28.0% |
Days on Market | 70 | 13.0% |
Demographics — Miami, OK
As of the latest ACS Survey released in 2023, Miami, OK has a population of 17,000, which has decreased by -5.3% over the past 5 years. Miami, OK is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | -5.3% |
% Under 18 | 25.3% | 3.7% |
% Seniors | 16.9% | -2.3% |
% WFH | 4.1% | 173.3% |
% w/ College Degree | 18.4% | 12.2% |
As of the latest ACS Survey released in 2023, Miami, OK is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Miami, OK is hispanic, making up 5.2% of the population. Foreign-born residents account for 2.5% of the population in Miami, OK, and this percentage has decreased by 7.4% 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 | 62.7% | -3.1% |
% Black | 1.6% | -5.9% |
% Hispanic | 5.2% | -5.5% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 2.5% | -7.4% |
Mortgage and Risk — Miami, OK
According to HUD data as of 2023, there were 160 mortgage originations in Miami, OK, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Miami, OK. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 160 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Miami, OK
Miami, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 518 |
Total Units Section 8 | 465 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 58.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $950 | $740 |
| 2 Bedroom | $95 | $875 | $970 |
| 3 Bedroom | $80 | $1,140 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Miami, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $120,000 |
| Median Household Income | $49,700 |