Prague, OK—74864
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prague, OK
As of Oct '25, the median home price in Prague, OK is $190,000, with a year-over-year change of 1.5%. This indicates that home prices in Prague, OK are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | 1.5% |
| Single Family | $189,000 | 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 | $110,000 | -1.8% |
3 Bed | $201,000 | 2.0% |
4 Bed | $304,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prague, OK
Prague, OK lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,300 | $1,700 |
% of Rental Stock
Property Listings — Prague, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Prague, OK is 68. This is a increase of 43.0% 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 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $226,000 | -4.0% |
Listing Count | 23 | -27.0% |
| Listings as % of Homes | 0.6% | -27.0% |
Days on Market | 68 | 43.0% |
Demographics — Prague, OK
As of the latest ACS Survey released in 2023, Prague, OK has a population of 4,800, which has decreased by -6.7% over the past 5 years. Prague, OK is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,800 | -6.7% |
% Under 18 | 21.4% | 0.9% |
% Seniors | 18.0% | -13.0% |
% WFH | 8.4% | 86.7% |
% w/ College Degree | 15.8% | 2.6% |
As of the latest ACS Survey released in 2023, Prague, OK is a predominantly white area, with 79.8% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Prague, OK is hispanic, making up 5.9% of the population. Foreign-born residents account for 1.3% of the population in Prague, OK, and this percentage has decreased by 31.6% 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 | 79.8% | 0.6% |
% Black | 0.9% | -52.6% |
% Hispanic | 5.9% | 181.0% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 1.3% | -31.6% |
Mortgage and Risk — Prague, OK
According to HUD data as of 2023, there were 127 mortgage originations in Prague, OK, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Prague, OK. Investor activity is low, as 2.0% 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 | 127 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Prague, OK
Prague, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $750 | $770 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | $20 | $1,300 | $1,320 |
Affordability — Prague, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $190,000 |
| Median Household Income | $64,300 |