Sand Springs, OK—74063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sand Springs, OK
As of Nov '25, the median home price in Sand Springs, OK is $227,000, with a year-over-year change of 4.3%. This indicates that home prices in Sand Springs, OK are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 4.3% |
| Single Family | $227,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | 5.7% |
3 Bed | $234,000 | 4.0% |
4 Bed | $341,000 | 3.3% |
| 5 Bed | $457,013 | 4.1% |
% of Housing Stock
Rental Trends — Sand Springs, OK
As of July '25, Rentcast reports the average rent in Sand Springs, OK is $1,440, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Sand Springs, OK is 1-bedrooms: $750, 2-bedrooms: $1,090, 3-bedrooms: $1,650, 4-bedrooms: $2,110. The most common rental property sizes in Sand Springs, OK are 3-bedroom and 2-bedroom, accounting for 39.1% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,360 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $750 |
| 2 Bed Rent | $1,020 | $1,090 |
| 3 Bed Rent | $1,580 | $1,650 |
| 4 Bed Rent | $2,100 | $2,110 |
% of Rental Stock
Property Listings — Sand Springs, OK
As of Nov '25, Realtor.com reports that the median days on market for a home in Sand Springs, OK is 58. This is a increase of 16.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 6.0% |
Listing Count | 134 | 20.0% |
| Listings as % of Homes | 0.6% | 20.0% |
Days on Market | 58 | 16.0% |
Demographics — Sand Springs, OK
As of the latest ACS Survey released in 2023, Sand Springs, OK has a population of 31,000, which has decreased by -2.2% over the past 5 years. Sand Springs, OK is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,000 | -2.2% |
% Under 18 | 24.2% | 6.6% |
% Seniors | 19.5% | 8.9% |
% WFH | 8.6% | 160.6% |
% w/ College Degree | 24.0% | 30.4% |
As of the latest ACS Survey released in 2023, Sand Springs, OK is a predominantly white area, with 75.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Sand Springs, OK is hispanic, making up 5.1% of the population. Foreign-born residents account for 1.6% of the population in Sand Springs, OK, and this percentage has decreased by 15.8% 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 | 75.2% | -5.6% |
% Black | 1.5% | -6.2% |
% Hispanic | 5.1% | 37.8% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 1.6% | -15.8% |
Mortgage and Risk — Sand Springs, OK
According to HUD data as of 2023, there were 515 mortgage originations in Sand Springs, OK, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Sand Springs, OK. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 515 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Sand Springs, OK
As of 2024, the percent of homes in Sand Springs, OK under the Section 8 program is 4.6%. 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 Sand Springs, OK, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 192 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $205 | $725 | $930 |
| 2 Bedroom | $140 | $1,020 | $1,160 |
| 3 Bedroom | -$50 | $1,580 | $1,530 |
| 4 Bedroom | -$330 | $2,100 | $1,770 |
Affordability — Sand Springs, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $227,000 |
| Median Household Income | $71,600 |