Pettit, OK—74451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pettit, OK
As of Oct '25, the median home price in Pettit, OK is $215,000, with a year-over-year change of -0.0%. This indicates that home prices in Pettit, OK are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | -0.0% |
| Single Family | $215,000 | 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 | $151,000 | -1.3% |
3 Bed | $228,000 | 0.0% |
4 Bed | $389,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pettit, OK
As of July '25, Rentcast reports the average rent in Pettit, OK is $1,330, with a year-over-year rent change of 64.0%. Per bedroom, the median rent as of July '25 in Pettit, OK is 3-bedrooms: $948, 4-bedrooms: $2,100. The most common rental property sizes in Pettit, OK are 2-bedroom and 4-bedroom, accounting for 35.4% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $895 | $948 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Pettit, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Pettit, OK is 66. This is a decrease of -8.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | 13.0% |
Listing Count | 28 | -12.0% |
| Listings as % of Homes | 0.8% | -12.0% |
Days on Market | 66 | -8.0% |
Demographics — Pettit, OK
As of the latest ACS Survey released in 2023, Pettit, OK has a population of 3,820, which has decreased by -16.0% over the past 5 years. Pettit, OK is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,820 | -16.0% |
% Under 18 | 19.7% | -27.0% |
% Seniors | 28.7% | 60.3% |
% WFH | 4.1% | -10.9% |
% w/ College Degree | 34.3% | 41.7% |
As of the latest ACS Survey released in 2023, Pettit, OK is a predominantly white area, with 51.8% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Pettit, OK is hispanic, making up 4.4% of the population. Foreign-born residents account for 2.1% of the population in Pettit, OK, and this percentage has increased by 16.7% 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 | 51.8% | -13.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.4% | 46.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | 16.7% |
Mortgage and Risk — Pettit, OK
According to HUD data as of 2023, there were 61 mortgage originations in Pettit, OK, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Pettit, OK. Investor activity is low, as 2.0% 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 | 61 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Pettit, OK
Pettit, OK lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | $385 | $895 | $1,280 |
| 4 Bedroom | -$770 | $2,100 | $1,330 |
Affordability — Pettit, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $215,000 |
| Median Household Income | $58,000 |