Oklahoma
Ranked #6 of 51 for housing affordability
Median Home Price
🏠$209K
3.36x income
Median Rent
🔑$1,020
28.0% rent-burdened
Median Income
💰$62K
Population: 4,019,800
Homeownership
🏡65.0%
4,103 experiencing homelessness
Housing Shortage
📉30,000
units needed
Building Permits (2024)
🔨13,669
Price-to-Income
📊3.36x
Severe Rent Burden
⚠️13.0%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1122) is above the state median rent ($1020) — vouchers cover typical rents.
Metros in Oklahoma
| Metro | Score | Home Price | Rent | Income | Rent Burden |
|---|---|---|---|---|---|
| Oklahoma City | 72 | $244K | $1,140 | $70K | 28.0% |
| Tulsa | 72 | $230K | $1,075 | $66K | 28.5% |
| Lawton | 92 | $159K | $984 | $57K | 20.0% |
| Enid | 95 | $161K | $943 | $63K | 17.5% |
Market Trends
Homeownership Rate
65.0%
Rent-to-Income Ratio
20.0%
of gross income spent on rent
Total Households
1,589,105
Owner-Occupied
1,034,153
Renter-Occupied
554,952
Homelessness
Latest Count (2024)
5,467
1-Year Change
+17.6%
10-Year Trend (2015–2024)
+44.7%
3,777 → 5,467
Housing Policies
Construction Activity
Total Permits (2024)
13,669
1.0% of national total
Single-Family
10,928
80% of state permits
Multi-Family
2,741
20% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
30,000
units needed
National Shortage
7,300,000
0.4% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Oklahoma burden rates with national demographic breakdown
Cost-Burdened Renters
28.0%
paying >30% of income
Severely Burdened
13.0%
paying >50% of income
Households >30% Burden
116,559
Households >35% Burden
56,975