Tonkawa, OK—74653
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tonkawa, OK
As of Oct '25, the median home price in Tonkawa, OK is $96,000, with a year-over-year change of -8.0%. This indicates that home prices in Tonkawa, 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 | $96,000 | -8.0% |
| Single Family | $96,000 | -8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $59,000 | -19.2% |
3 Bed | $127,000 | -0.8% |
4 Bed | $169,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tonkawa, OK
As of July '25, Rentcast reports the average rent in Tonkawa, OK is $664, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Tonkawa, OK is 1-bedrooms: $625, 2-bedrooms: $672. The most common rental property sizes in Tonkawa, OK are 2-bedroom and 3-bedroom, accounting for 38.9% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $645 | $664 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $625 |
| 2 Bed Rent | $675 | $672 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tonkawa, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Tonkawa, OK is 90. This is a increase of 8.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | 30.0% |
Listing Count | 25 | 136.0% |
| Listings as % of Homes | 0.5% | 136.0% |
Days on Market | 90 | 8.0% |
Demographics — Tonkawa, OK
As of the latest ACS Survey released in 2023, Tonkawa, OK has a population of 3,690, which has decreased by -1.4% over the past 5 years. Tonkawa, OK is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,690 | -1.4% |
% Under 18 | 26.1% | -1.9% |
% Seniors | 19.5% | 24.2% |
% WFH | 5.4% | 58.8% |
% w/ College Degree | 21.9% | 6.8% |
As of the latest ACS Survey released in 2023, Tonkawa, OK is a predominantly white area, with 70.0% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Tonkawa, OK is hispanic, making up 8.4% of the population. Foreign-born residents account for 3.2% of the population in Tonkawa, OK, and this percentage has decreased by 5.9% 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 | 70.0% | -4.6% |
% Black | 0.3% | -57.1% |
% Hispanic | 8.4% | 1.2% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 3.2% | -5.9% |
Mortgage and Risk — Tonkawa, OK
According to HUD data as of 2023, there were 40 mortgage originations in Tonkawa, OK, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Tonkawa, OK. Investor activity is low, as 15.0% 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 | 40 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 15.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Tonkawa, OK
Tonkawa, 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 | $95 | $625 | $720 |
| 2 Bedroom | $235 | $675 | $910 |
| 3 Bedroom | N/A | N/A | $1,200 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Tonkawa, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $96,000 |
| Median Household Income | $58,300 |