Red Oak, OK—74563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Red Oak, OK
Red Oak, OK lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | -7.7% |
| Single Family | $143,000 | -7.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Red Oak, OK
Red Oak, 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 — Red Oak, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Red Oak, OK is 153. This is a increase of 191.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | -3.0% |
Listing Count | 7 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 153 | 191.0% |
Demographics — Red Oak, OK
As of the latest ACS Survey released in 2023, Red Oak, OK has a population of 1,890, which has decreased by -3.9% over the past 5 years. Red Oak, OK is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,890 | -3.9% |
% Under 18 | 24.8% | 15.9% |
% Seniors | 23.1% | -4.5% |
% WFH | 5.2% | 188.9% |
% w/ College Degree | 16.0% | -8.6% |
As of the latest ACS Survey released in 2023, Red Oak, OK is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Red Oak, OK is hispanic, making up 3.3% of the population. Foreign-born residents account for 0.4% of the population in Red Oak, OK, and this percentage has decreased by 33.3% 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 | 64.3% | -1.1% |
% Black | 1.5% | 114.3% |
% Hispanic | 3.3% | 50.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -33.3% |
Mortgage and Risk — Red Oak, OK
According to HUD data as of 2023, there were 14 mortgage originations in Red Oak, OK, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Red Oak, OK. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 0.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Red Oak, OK
Red Oak, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $700 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Red Oak, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $143,000 |
| Median Household Income | $42,900 |