Carter County, Oklahoma Housing Market
In Carter County, Oklahoma, the median home value is $168,500, with a median monthly rent of $980. This places Carter County at #1837 nationally out of 3134 counties by median home value, and #22 within Oklahoma.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,059
- Establishments: 1,609
- BLS QCEW, 2025
Housing Supply
- Single-family: 55
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 18,008 (avg $67,892)
- Outflow: 16,929 (avg $69,686)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Carter County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 73401 | 247.7 | +2.00% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Carter County Compares
| Metric | Carter County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $168,500 | $152,012 | $227,706 |
| Median Gross Rent | $980 | $839 | $968 |
| Owner Occupancy Rate | 66.8% | 72.3% | 73.3% |
| Price/Rent Ratio | 14.3 | 14.9 | 18.7 |
Market Analysis
The median home value in Carter County is 10.8% above the Oklahoma state average and 26.0% below the U.S. national average. The median rent of $980/month is 16.8% above the state average.
With a price-to-rent ratio of 14.3, buying a home in Carter County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Carter County has an owner-occupancy rate of 66.8%, compared to 72.3% in Oklahoma and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Clayton County | Iowa | $168,500 | $790 |
| Scotts Bluff County | Nebraska | $168,500 | $909 |
| Cherokee County | Oklahoma | $168,500 | $831 |
| Ozark County | Missouri | $168,600 | $631 |
| Laclede County | Missouri | $168,400 | $809 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Cherokee County | $168,500 | $831 | 65.7% |
| Woodward County | $169,000 | $838 | 73.2% |
| Lincoln County | $166,500 | $794 | 80.3% |
| Love County | $171,000 | $939 | 73.0% |
| Pottawatomie County | $165,400 | $894 | 70.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).