Midwest City, OK—73130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midwest City, OK
As of Oct '25, the median home price in Midwest City, OK is $211,000, with a year-over-year change of -0.5%. This indicates that home prices in Midwest City, OK are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | -0.5% |
| Single Family | $212,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | -2.3% |
3 Bed | $211,000 | -0.5% |
4 Bed | $264,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midwest City, OK
As of July '25, Rentcast reports the average rent in Midwest City, OK is $1,470, with a year-over-year rent change of 12.2%. Per bedroom, the median rent as of July '25 in Midwest City, OK is studios: $2,000, 1-bedrooms: $1,140, 2-bedrooms: $1,280, 3-bedrooms: $1,680, 4-bedrooms: $1,750. The most common rental property sizes in Midwest City, OK are 3-bedroom and 2-bedroom, accounting for 59.2% and 16.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,470 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $1,180 | $1,140 |
| 2 Bed Rent | $1,390 | $1,280 |
| 3 Bed Rent | $1,540 | $1,680 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Midwest City, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Midwest City, OK is 44. This is a increase of 54.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $276,000 | 11.0% |
Listing Count | 106 | 28.0% |
| Listings as % of Homes | 0.7% | 28.0% |
Days on Market | 44 | 54.0% |
Demographics — Midwest City, OK
As of the latest ACS Survey released in 2023, Midwest City, OK has a population of 21,100, which has increased by 2.4% over the past 5 years. Midwest City, OK is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 2.4% |
% Under 18 | 24.0% | 3.9% |
% Seniors | 20.6% | 18.4% |
% WFH | 7.7% | 185.2% |
% w/ College Degree | 29.2% | 15.4% |
As of the latest ACS Survey released in 2023, Midwest City, OK is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Midwest City, OK is black, making up 18.3% of the population. Foreign-born residents account for 3.5% of the population in Midwest City, OK, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.9% | -10.6% |
% Black | 18.3% | 19.6% |
% Hispanic | 6.8% | -10.5% |
% Asian | 2.0% | 33.3% |
% Foreign Born | 3.5% | 0.0% |
Mortgage and Risk — Midwest City, OK
According to HUD data as of 2023, there were 433 mortgage originations in Midwest City, OK, of which 64.0% 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 Midwest City, OK. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 433 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Midwest City, OK
As of 2024, the percent of homes in Midwest City, OK under the Section 8 program is 10.3%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Midwest City, OK, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 221 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,180 | $1,030 |
| 2 Bedroom | -$120 | $1,390 | $1,270 |
| 3 Bedroom | $160 | $1,540 | $1,700 |
| 4 Bedroom | $100 | $1,750 | $1,850 |
Affordability — Midwest City, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $211,000 |
| Median Household Income | $69,600 |