Blackwell, OK—74631
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackwell, OK
As of Oct '25, the median home price in Blackwell, OK is $61,000, with a year-over-year change of -1.7%. This indicates that home prices in Blackwell, OK are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $61,000 | -1.7% |
| Single Family | $61,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $41,000 | -4.7% |
3 Bed | $94,000 | 1.1% |
4 Bed | $141,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blackwell, OK
As of July '25, Rentcast reports the average rent in Blackwell, OK is $825, with a year-over-year rent change of 26.9%. Per bedroom, the median rent as of July '25 in Blackwell, OK is 2-bedrooms: $825. The most common rental property sizes in Blackwell, OK are 3-bedroom and 2-bedroom, accounting for 59.4% and 17.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blackwell, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Blackwell, OK is 42. This is a increase of 5.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $102,000 | -31.0% |
Listing Count | 33 | -26.0% |
| Listings as % of Homes | 0.6% | -26.0% |
Days on Market | 42 | 5.0% |
Demographics — Blackwell, OK
As of the latest ACS Survey released in 2023, Blackwell, OK has a population of 6,800, which has decreased by -9.2% over the past 5 years. Blackwell, OK is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | -9.2% |
% Under 18 | 26.8% | 18.6% |
% Seniors | 20.7% | -8.0% |
% WFH | 2.0% | 33.3% |
% w/ College Degree | 12.4% | -10.8% |
As of the latest ACS Survey released in 2023, Blackwell, OK is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Blackwell, OK is hispanic, making up 12.3% of the population. Foreign-born residents account for 2.9% of the population in Blackwell, OK, and this percentage has increased by 38.1% 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 | 76.3% | -7.0% |
% Black | 0.9% | 200.0% |
% Hispanic | 12.3% | 89.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.9% | 38.1% |
Mortgage and Risk — Blackwell, OK
According to HUD data as of 2023, there were 72 mortgage originations in Blackwell, OK, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Blackwell, OK. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Blackwell, OK
Blackwell, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 91 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | $160 | $800 | $960 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Blackwell, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.1 |
| Median Home Price | $61,000 |
| Median Household Income | $51,000 |