Ellis County, Oklahoma Housing Market
In Ellis County, Oklahoma, the median home value is $119,100, with a median monthly rent of $815. This places Ellis County at #2652 nationally out of 3134 counties by median home value, and #58 within Oklahoma.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $937
- Establishments: 112
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,355 (avg $60,455)
- Outflow: 1,330 (avg $60,490)
- IRS Statistics of Income
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| Metric | Ellis County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,100 | $152,012 | $227,706 |
| Median Gross Rent | $815 | $839 | $968 |
| Owner Occupancy Rate | 82.1% | 72.3% | 73.3% |
| Price/Rent Ratio | 12.2 | 14.9 | 18.7 |
Market Analysis
The median home value in Ellis County is 21.7% below the Oklahoma state average and 47.7% below the U.S. national average. The median rent of $815/month is 2.9% below the state average.
With a price-to-rent ratio of 12.2, buying a home in Ellis 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.
Ellis County has an owner-occupancy rate of 82.1%, compared to 72.3% in Oklahoma and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hutchinson County | Texas | $119,100 | $932 |
| Danville city | Virginia | $119,100 | $836 |
| Russell County | Kansas | $119,000 | $805 |
| Hertford County | North Carolina | $119,200 | $844 |
| Pembina County | North Dakota | $119,200 | $684 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washita County | $118,400 | $815 | 76.0% |
| Adair County | $117,800 | $667 | 68.5% |
| Okmulgee County | $121,200 | $834 | 70.1% |
| Johnston County | $116,500 | $762 | 72.2% |
| Okfuskee County | $115,900 | $716 | 68.8% |
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).