Oologah, OK—74053
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oologah, OK
As of Oct '25, the median home price in Oologah, OK is $284,000, with a year-over-year change of 2.4%. This indicates that home prices in Oologah, OK are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $284,000 | 2.4% |
| Single Family | $284,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $263,000 | 1.9% |
4 Bed | $392,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oologah, OK
As of July '25, Rentcast reports the average rent in Oologah, OK is $1,600, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Oologah, OK is 3-bedrooms: $1,600. The most common rental property sizes in Oologah, OK are 3-bedroom and 2-bedroom, accounting for 55.2% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oologah, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Oologah, OK is 61. This is a decrease of -48.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | -4.0% |
Listing Count | 15 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 61 | -48.0% |
Demographics — Oologah, OK
As of the latest ACS Survey released in 2023, Oologah, OK has a population of 5,540, which has increased by 22.1% over the past 5 years. Oologah, OK is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,540 | 22.1% |
% Under 18 | 24.5% | -11.6% |
% Seniors | 13.3% | 11.8% |
% WFH | 8.5% | 46.6% |
% w/ College Degree | 18.6% | -23.8% |
As of the latest ACS Survey released in 2023, Oologah, OK is a predominantly white area, with 70.1% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Oologah, OK is asian, making up 3.1% of the population. Foreign-born residents account for 2.5% of the population in Oologah, OK, and this percentage has increased by 8.7% 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 | 70.1% | -7.5% |
% Black | 1.3% | 116.7% |
% Hispanic | 2.7% | 80.0% |
% Asian | 3.1% | -8.8% |
% Foreign Born | 2.5% | 8.7% |
Mortgage and Risk — Oologah, OK
According to HUD data as of 2023, there were 101 mortgage originations in Oologah, OK, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Oologah, OK. Investor activity is low, as 5.0% 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 | 101 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Oologah, OK
Oologah, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | -$140 | $1,600 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Oologah, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $284,000 |
| Median Household Income | $86,000 |