Broken Arrow, OK—74014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broken Arrow, OK
As of Oct '25, the median home price in Broken Arrow, OK is $297,000, with a year-over-year change of 2.9%. This indicates that home prices in Broken Arrow, 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 | $297,000 | 2.9% |
| Single Family | $298,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 2.7% |
3 Bed | $275,000 | 2.2% |
4 Bed | $350,000 | 3.2% |
| 5 Bed | $484,000 | 4.1% |
% of Housing Stock
Rental Trends — Broken Arrow, OK
As of July '25, Rentcast reports the average rent in Broken Arrow, OK is $1,840, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Broken Arrow, OK is 1-bedrooms: $972, 2-bedrooms: $1,250, 3-bedrooms: $1,840, 4-bedrooms: $2,010. The most common rental property sizes in Broken Arrow, OK are 3-bedroom and 2-bedroom, accounting for 49.9% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $835 | $972 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $1,840 | $1,840 |
| 4 Bed Rent | $1,940 | $2,010 |
% of Rental Stock
Property Listings — Broken Arrow, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Broken Arrow, OK is 60. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 4.0% |
Listing Count | 326 | 11.0% |
| Listings as % of Homes | 1.3% | 11.0% |
Days on Market | 60 | -3.0% |
Demographics — Broken Arrow, OK
As of the latest ACS Survey released in 2023, Broken Arrow, OK has a population of 43,100, which has increased by 7.4% over the past 5 years. Broken Arrow, OK is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 32.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,100 | 7.4% |
% Under 18 | 25.8% | -1.5% |
% Seniors | 16.1% | 20.1% |
% WFH | 10.3% | 186.1% |
% w/ College Degree | 32.6% | 10.5% |
As of the latest ACS Survey released in 2023, Broken Arrow, OK is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Broken Arrow, OK is hispanic, making up 10.5% of the population. Foreign-born residents account for 7.2% of the population in Broken Arrow, OK, and this percentage has increased by 26.3% 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 | 69.2% | -3.4% |
% Black | 3.3% | 10.0% |
% Hispanic | 10.5% | 22.1% |
% Asian | 3.7% | 32.1% |
% Foreign Born | 7.2% | 26.3% |
Mortgage and Risk — Broken Arrow, OK
According to HUD data as of 2023, there were 932 mortgage originations in Broken Arrow, OK, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Broken Arrow, OK. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 932 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Broken Arrow, OK
As of 2024, the percent of homes in Broken Arrow, OK under the Section 8 program is 0.8%. 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. In Broken Arrow, OK, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $415 | $835 | $1,250 |
| 2 Bedroom | $350 | $1,200 | $1,550 |
| 3 Bedroom | $200 | $1,840 | $2,040 |
| 4 Bedroom | $420 | $1,940 | $2,360 |
Affordability — Broken Arrow, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $297,000 |
| Median Household Income | $94,100 |