Cleveland County, Oklahoma Housing Market

In Cleveland County, Oklahoma, the median home value is $235,700, with a median monthly rent of $1,167. This places Cleveland County at #1030 nationally out of 3134 counties by median home value, and #5 within Oklahoma.

Median Home Value $235,700
Median Rent $1,167/mo
Owner Occupancy 63.9%
Price/Rent Ratio 16.8

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Cleveland County rose +0.8% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

69,775
jobs (private sector)
  • Avg weekly wage: $918
  • Establishments: 7,425
  • BLS QCEW, 2025
🏗️

Housing Supply

590
new units authorized (2025)
  • Single-family: 485
  • Multi-family: 105
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+5148
net migration (filers, 2021-2022)
  • Inflow: 111,214 (avg $80,218)
  • Outflow: 106,066 (avg $81,238)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Cleveland County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 73165 291.0 +23.99% 2025
2 73169 235.8 — 2025
3 73150 278.9 +26.87% 2025
4 73051 261.3 +9.94% 2025
5 74851 278.6 -5.94% 2025
6 73071 267.1 -0.70% 2025
7 73069 291.9 +2.85% 2025
8 73135 237.9 +4.56% 2025
9 74857 257.2 +7.02% 2025
10 73160 272.1 +3.39% 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.

How Cleveland County Compares

MetricCleveland CountyOklahoma AverageU.S. Average
Median Home Value $235,700 $152,012 $227,706
Median Gross Rent $1,167 $839 $968
Owner Occupancy Rate 63.9% 72.3% 73.3%
Price/Rent Ratio 16.8 14.9 18.7

Market Analysis

The median home value in Cleveland County is 55.1% above the Oklahoma state average and 3.5% above the U.S. national average. The median rent of $1,167/month is 39.1% above the state average.

With a price-to-rent ratio of 16.8, the buy-vs-rent decision in Cleveland County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Cleveland County has an owner-occupancy rate of 63.9%, 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

CountyStateMedian Home ValueMedian Rent
Johnson County Missouri $235,700 $932
Schenectady County New York $235,700 $1,194
Chowan County North Carolina $235,800 $681
DeKalb County Tennessee $235,500 $839
Winona County Minnesota $235,400 $907

Other Counties in Oklahoma

CountyMedian Home ValueMedian RentOwner Occ.
Wagoner County $234,800 $1,068 81.3%
Rogers County $240,500 $1,047 77.8%
Tulsa County $230,400 $1,110 59.7%
Canadian County $246,200 $1,289 74.8%
Logan County $246,700 $891 85.2%

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).