Newalla, OK—74857
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newalla, OK
As of Oct '25, the median home price in Newalla, OK is $266,000, with a year-over-year change of 4.2%. This indicates that home prices in Newalla, OK are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 4.2% |
| Single Family | $266,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 1.3% |
3 Bed | $276,000 | 4.9% |
4 Bed | $369,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newalla, OK
As of July '25, Rentcast reports the average rent in Newalla, OK is $1,750, with a year-over-year rent change of -34.0%. Per bedroom, the median rent as of July '25 in Newalla, OK is 3-bedrooms: $1,720, 4-bedrooms: $2,000. The most common rental property sizes in Newalla, OK are 3-bedroom and 4-bedroom, accounting for 42.0% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,720 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Newalla, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Newalla, OK is 35. This is a increase of 11.0% 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 | $372,000 | 2.0% |
Listing Count | 49 | 90.0% |
| Listings as % of Homes | 0.5% | 90.0% |
Days on Market | 35 | 11.0% |
Demographics — Newalla, OK
As of the latest ACS Survey released in 2023, Newalla, OK has a population of 9,900, which has increased by 11.1% over the past 5 years. Newalla, OK is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,900 | 11.1% |
% Under 18 | 19.6% | -18.0% |
% Seniors | 15.2% | 28.8% |
% WFH | 6.9% | 76.9% |
% w/ College Degree | 23.2% | 38.1% |
As of the latest ACS Survey released in 2023, Newalla, OK is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Newalla, OK is hispanic, making up 3.7% of the population. Foreign-born residents account for 1.2% of the population in Newalla, OK, and this percentage has decreased by 20.0% 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 | 78.6% | -9.0% |
% Black | 1.9% | 90.0% |
% Hispanic | 3.7% | 0.0% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 1.2% | -20.0% |
Mortgage and Risk — Newalla, OK
According to HUD data as of 2023, there were 243 mortgage originations in Newalla, OK, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Newalla, OK. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 243 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Newalla, OK
Newalla, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | -$70 | $1,700 | $1,630 |
| 4 Bedroom | -$220 | $2,000 | $1,780 |
Affordability — Newalla, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $266,000 |
| Median Household Income | $87,600 |