Purcell, OK—73080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Purcell, OK
As of Nov '25, the median home price in Purcell, OK is $220,000, with a year-over-year change of 2.0%. This indicates that home prices in Purcell, OK are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 2.0% |
| Single Family | $219,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $104,000 | 9.5% |
3 Bed | $224,000 | 1.8% |
4 Bed | $346,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Purcell, OK
As of July '25, Rentcast reports the average rent in Purcell, OK is $1,250, with a year-over-year rent change of 39.4%. Per bedroom, the median rent as of July '25 in Purcell, OK is 1-bedrooms: $750, 2-bedrooms: $979, 3-bedrooms: $1,510, 4-bedrooms: $1,600. The most common rental property sizes in Purcell, OK are 1-bedroom and 3-bedroom, accounting for 30.5% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $950 | $979 |
| 3 Bed Rent | $1,460 | $1,510 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Purcell, OK
As of Nov '25, Realtor.com reports that the median days on market for a home in Purcell, OK is 65. This is a increase of 44.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 69.0% |
Listing Count | 52 | -33.0% |
| Listings as % of Homes | 0.9% | -33.0% |
Days on Market | 65 | 44.0% |
Demographics — Purcell, OK
As of the latest ACS Survey released in 2023, Purcell, OK has a population of 10,300, which has increased by 9.0% over the past 5 years. Purcell, OK is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,300 | 9.0% |
% Under 18 | 25.5% | -1.2% |
% Seniors | 16.3% | 1.2% |
% WFH | 7.8% | 81.4% |
% w/ College Degree | 22.7% | 16.4% |
As of the latest ACS Survey released in 2023, Purcell, OK is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Purcell, OK is hispanic, making up 15.9% of the population. Foreign-born residents account for 6.4% of the population in Purcell, OK, and this percentage has increased by 25.5% 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 | 70.6% | -7.2% |
% Black | 0.9% | -30.8% |
% Hispanic | 15.9% | 24.2% |
% Asian | 0.2% | ∞% |
% Foreign Born | 6.4% | 25.5% |
Mortgage and Risk — Purcell, OK
According to HUD data as of 2023, there were 187 mortgage originations in Purcell, OK, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Purcell, OK. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 187 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Purcell, OK
As of 2024, the percent of homes in Purcell, OK under the Section 8 program is 1.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Purcell, OK, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $750 | $820 |
| 2 Bedroom | $60 | $950 | $1,010 |
| 3 Bedroom | -$110 | $1,460 | $1,350 |
| 4 Bedroom | -$130 | $1,600 | $1,470 |
Affordability — Purcell, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $220,000 |
| Median Household Income | $71,500 |