Okmulgee, OK—74447
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Okmulgee, OK
As of Oct '25, the median home price in Okmulgee, OK is $105,000, with a year-over-year change of -1.2%. This indicates that home prices in Okmulgee, 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 | $105,000 | -1.2% |
| Single Family | $105,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $57,000 | -12.3% |
3 Bed | $127,000 | 0.0% |
4 Bed | $197,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Okmulgee, OK
As of July '25, Rentcast reports the average rent in Okmulgee, OK is $1,040, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Okmulgee, OK is studios: $1,000, 2-bedrooms: $1,400. The most common rental property sizes in Okmulgee, OK are 2-bedroom and 3-bedroom, accounting for 42.4% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,040 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Okmulgee, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Okmulgee, OK is 59. This is a increase of 28.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -17.0% |
Listing Count | 84 | 10.0% |
| Listings as % of Homes | 0.8% | 10.0% |
Days on Market | 59 | 28.0% |
Demographics — Okmulgee, OK
As of the latest ACS Survey released in 2023, Okmulgee, OK has a population of 15,500, which has decreased by -5.4% over the past 5 years. Okmulgee, OK is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | -5.4% |
% Under 18 | 21.0% | -7.1% |
% Seniors | 18.4% | 8.2% |
% WFH | 5.9% | 268.7% |
% w/ College Degree | 18.0% | 33.3% |
As of the latest ACS Survey released in 2023, Okmulgee, OK is a predominantly white area, with 54.4% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Okmulgee, OK is black, making up 13.1% of the population. Foreign-born residents account for 1.1% of the population in Okmulgee, 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 | 54.4% | 2.8% |
% Black | 13.1% | -20.1% |
% Hispanic | 3.5% | -10.3% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Okmulgee, OK
According to HUD data as of 2023, there were 187 mortgage originations in Okmulgee, OK, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Okmulgee, OK. Investor activity is low, as 10.0% 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 | 187 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Okmulgee, OK
Okmulgee, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 333 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 82.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | -$490 | $1,400 | $910 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Okmulgee, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $105,000 |
| Median Household Income | $45,900 |